Paramount Resources Ltd., commonly referred to as Paramount, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1976, the company has established itself as a leader in exploration and production, primarily focusing on natural gas and crude oil. With significant operations in key regions such as the Montney and Duvernay formations, Paramount is well-positioned to leverage its extensive resource base.
The company is renowned for its innovative approach to resource development, employing advanced technologies to enhance efficiency and sustainability. Paramount's commitment to responsible operations has earned it a strong market position, marked by notable achievements in production growth and environmental stewardship. As a trusted name in the energy sector, Paramount Resources continues to drive progress while meeting the evolving demands of the market.
+1 vs industry average
Paramount Resources’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.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Paramount Resources's reported carbon emissions
In 2024, Paramount Resources reported total greenhouse gas emissions of approximately 400 million kg CO2e, comprising 300 million kg CO2e from Scope 1 and 100 million kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions were approximately 450 million kg CO2e, with 350 million kg CO2e from Scope 1 and 100 million kg CO2e from Scope 2. The company has not disclosed any Scope 3 emissions data.
Paramount Resources has committed to significant climate action, pledging to reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2028. This commitment is part of the Department of Energy’s Better Climate Challenge and reflects the company's ongoing efforts to implement low-impact environmental practices, particularly at the Paramount Pictures Lot in Los Angeles.
The emissions data is not cascaded from any parent organization, and all figures are reported directly from Paramount Resources Ltd. As the company continues to focus on reducing its carbon footprint, it remains essential for stakeholders to monitor its progress towards these ambitious targets.
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Paramount Resources’s Climate Goals (2030 & 2050)
2 goals2028
50% reduction in Scope 1
Notably, the Paramount Pictures Lot in Los Angeles – a leader in implementing low-impact environmental practices in the entertainment indust…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Paramount Resources
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