Obsidian Energy Ltd. Sustainability Profile
Obsidian Energy Ltd., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 1979, the company has evolved significantly, focusing on the exploration and production of oil and natural gas, primarily in the Western Canadian Sedimentary Basin. With a commitment to operational excellence, Obsidian Energy offers a diverse portfolio of energy products, including light oil and natural gas liquids, distinguished by their emphasis on sustainability and efficiency. The company has achieved notable milestones, including a successful restructuring in 2018 that strengthened its market position. Recognised for its innovative approaches and strong asset base, Obsidian Energy continues to be a key contributor to the energy landscape in Canada, driving forward with a focus on responsible resource development.
DitchCarbon Score
How does Obsidian Energy Ltd.'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 Crude Oil Extraction 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
Obsidian Energy Ltd.'s score of 8 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Obsidian Energy Ltd.'s reported carbon emissions
In 2021, Obsidian Energy Ltd. reported a total of approximately 0 kg CO2e in emissions, with no specific data available for Scope 1, Scope 2, or Scope 3 emissions. The company has not disclosed any reduction targets or initiatives as part of its climate commitments. For the previous years, the reported GHG intensity for Scope 1 and 2 emissions was approximately 37.0 kg CO2e per barrel of oil equivalent (boe) in 2021, 33.0 kg CO2e/boe in 2020, and 33.0 kg CO2e/boe in 2019. These figures indicate a focus on monitoring emissions intensity, although specific reduction targets or commitments have not been established. Obsidian Energy Ltd. has not cascaded any emissions data from a parent or related organization, and all information is sourced directly from the company. The absence of disclosed reduction initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy.
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Obsidian Energy Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Obsidian Energy Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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