Meg Energy
Megan Energy Corporation, commonly known as MEG Energy, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1999, the company has established itself as a leader in the development of in-situ oil sands projects, primarily focusing on sustainable and efficient extraction methods. MEG Energy's core offerings include thermal oil production and innovative technologies aimed at reducing greenhouse gas emissions, setting it apart in a competitive market. With a commitment to environmental stewardship, MEG has achieved significant milestones, including advancements in steam-assisted gravity drainage (SAGD) techniques. Recognised for its operational excellence, MEG Energy continues to strengthen its market position, contributing to Canada's energy landscape while prioritising sustainability and efficiency in its operations.
DitchCarbon Score
How does Meg 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 Electrical Machinery Manufacturing 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
Meg Energy's score of 30 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Meg Energy's reported carbon emissions
In 2022, MEG Energy reported total carbon emissions of approximately 2,368,081,000 kg CO2e, primarily from Scope 1 emissions, which accounted for the majority of their greenhouse gas output. The company also reported Scope 2 emissions of about 383,000 kg CO2e. In 2021, their emissions were slightly higher at approximately 2,439,106,000 kg CO2e for Scope 1, with no reported Scope 2 emissions. MEG Energy has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has focused on improving its operational efficiency, as indicated by its reported steam-oil ratios, which have shown a gradual improvement over the years. For instance, the steam-oil ratio was approximately 2.36 in 2022, down from 2.43 in 2021. While MEG Energy has not set formal reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, their ongoing efforts to monitor and report emissions reflect a commitment to addressing climate change and enhancing sustainability within the oil and gas sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 2,140,537,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 00,000 | - | 000,000 |
| Scope 3 | - | - | - | 00,000,000 | - |
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.
Meg Energy is not committed to any reduction initiatives 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.
