Gran Tierra Energy
Gran Tierra Energy Inc., a prominent player in the oil and gas industry, is headquartered in Calgary, Alberta (CA). Founded in 2003, the company has established a strong operational presence in Colombia and Ecuador, focusing on exploration and production activities. Gran Tierra is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company’s core services include oil exploration, production, and development, with a particular emphasis on enhancing recovery techniques. Gran Tierra Energy has achieved significant milestones, including successful drilling campaigns and strategic acquisitions that have bolstered its market position. With a dedication to innovation and environmental stewardship, Gran Tierra continues to make strides in the energy sector, positioning itself as a leader in responsible oil production.
DitchCarbon Score
How does Gran Tierra Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Gran Tierra Energy's score of 19 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gran Tierra Energy's reported carbon emissions
In 2023, Gran Tierra Energy reported total carbon emissions of approximately 450,519,000 kg CO2e. This figure includes Scope 1 emissions of about 273,975,000 kg CO2e, which encompasses direct emissions from operations, and Scope 2 emissions of approximately 176,544,000 kg CO2e, representing indirect emissions from purchased electricity. The combined Scope 1 and 2 emissions totalled the same amount, indicating a consistent reporting methodology. Comparatively, in 2022, the company recorded total emissions of about 392,374,000 kg CO2e, with Scope 1 emissions at approximately 258,406,000 kg CO2e and Scope 2 emissions at around 133,968,000 kg CO2e. This reflects a significant increase in emissions from 2022 to 2023, highlighting the challenges faced in reducing carbon output. Gran Tierra Energy has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of Science-Based Targets Initiative (SBTi) reduction targets suggests that the company may not yet have formalised a comprehensive strategy for emissions reduction. Furthermore, there is no data on Scope 3 emissions, which would include indirect emissions from the value chain. Overall, Gran Tierra Energy's emissions data indicates a need for enhanced climate strategies to address the rising emissions trend and to align with industry standards for sustainability and carbon neutrality.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 450,884,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 189,910,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Gran Tierra Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
