Obsidian Energy Ltd.
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 5 is lower than 70% 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 total carbon emissions of approximately 266,000,000 kg CO2e, with emissions distributed across various scopes: 266,000,000 kg CO2e for Scope 1, 68,193,000 kg CO2e for Scope 2, and 68,000,000 kg CO2e for Scope 3. The previous year, 2020, saw emissions of about 260,832,000 kg CO2e (Scope 1), 42,897,000 kg CO2e (Scope 2), and 66,226,000 kg CO2e (Scope 3). In 2019, the company reported emissions of approximately 242,635,000 kg CO2e for Scope 1, 81,484,000 kg CO2e for Scope 2, and 65,572,000 kg CO2e for Scope 3. Despite these figures, Obsidian Energy has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while the company is aware of its emissions, it has yet to establish formalised strategies for significant reductions. The company operates within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact, highlighting the importance of robust climate commitments in the industry.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 242,635,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 81,484,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 65,572,000 | 00,000,000 | 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.
Obsidian Energy Ltd. 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.
