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 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 16 is higher than 50% 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 approximately 2,368,081,000 kg CO2e in Scope 1 emissions and about 383,000 kg CO2e in Scope 2 emissions. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, it continues to monitor its emissions intensity, with a reported steam-oil ratio of 2.36 in 2022, indicating ongoing efforts to manage its carbon footprint. In previous years, MEG Energy's emissions have shown variability, with Scope 1 emissions reaching approximately 2,430,106,000 kg CO2e in 2021 and 2,304,490,000 kg CO2e in 2019. The company has not provided detailed data for 2023, but it is essential to note that MEG Energy's operations are primarily focused on the extraction and production of bitumen, which inherently involves significant greenhouse gas emissions. While MEG Energy has not set formal reduction targets or joined initiatives like the Science Based Targets initiative (SBTi), it remains committed to tracking and reporting its emissions, reflecting an awareness of the industry's climate impact. The company operates within a sector that is increasingly scrutinised for its environmental performance, and its ongoing emissions reporting is a step towards greater transparency in addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some 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.
