Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Paramount Resources Ltd., often simply known as Paramount, is a leading independent Canadian upstream oil and natural gas exploration, development, and production company. Established in 1976 and headquartered in Calgary, Alberta, Paramount plays a crucial role in Western Canada's dynamic energy sector.
Specialising in crude petroleum and natural gas extraction, Paramount Resources focuses on developing high-quality conventional and unconventional assets across its operational regions. Their core business encompasses the exploration, development, production, and marketing of vital petroleum and natural gas resources.
As a significant producer in the Canadian energy landscape, Paramount Resources leverages decades of expertise and innovative approaches for efficient crude oil and natural gas extraction. They are committed to responsible resource development, contributing essential energy to the market.
18
DitchCarbon score
+2 vs industry average
Paramount Resources’s score of 18 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Paramount Resources?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very High
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Paramount Resources's reported carbon emissions
Paramount Resources reported approximately 400 million kg CO2e in Scope 1 emissions and 100 million kg CO2e in Scope 2 emissions for 2024. In 2023, Scope 1 emissions were approximately 350 million kg CO2e, and Scope 2 emissions were around 100 million kg CO2e. For 2022, the company reported approximately 400 million kg CO2e in Scope 1 emissions and 100 million kg CO2e in Scope 2 emissions. This follows approximately 450 million kg CO2e in Scope 1 emissions and 100 million kg CO2e in Scope 2 emissions for 2021. In 2020, Scope 1 emissions were about 400 million kg CO2e, and Scope 2 emissions were 100 million kg CO2e. For 2019, Paramount Resources disclosed approximately 564.2 million kg CO2e in Scope 1 emissions and about 132.8 million kg CO2e in Scope 2 emissions, with Scope 1 including about 54.8 million kg CO2e from fugitive emissions.
Paramount Resources has committed to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2028, using 2022 as a baseline year. This target is part of the Department of Energy’s Better Climate Challenge.
Assessing Paramount Resources as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Paramount Resources and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Paramount Resources’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
2026 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Paramount Resources27 days ago
18
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more