Paramount Resources Sustainability Profile
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.
DitchCarbon Score
How does Paramount Resources'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
Paramount Resources's score of 11 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Paramount Resources's reported carbon emissions
In 2024, Paramount Resources, headquartered in Canada, reported total carbon emissions of approximately 577.7 million kg CO2e. This total comprises 524,527,000 kg CO2e from Scope 1 emissions and 53,129,000 kg CO2e from Scope 2 emissions. The company has demonstrated a commitment to reducing its greenhouse gas emissions, particularly through its initiatives at the Paramount Pictures Lot in Los Angeles, which aims to cut Scope 1 and 2 emissions by 50% by 2028 as part of the Department of Energy’s Better Climate Challenge. In 2023, the total emissions were approximately 513.7 million kg CO2e, with Scope 1 emissions at 460,416,000 kg CO2e and Scope 2 emissions at 53,301,000 kg CO2e. This indicates a slight increase in emissions from 2022, where the total was about 560.5 million kg CO2e, with Scope 1 at 483,762,000 kg CO2e and Scope 2 at 76,689,000 kg CO2e. Paramount Resources has not disclosed any Scope 3 emissions data, and there are no specific science-based targets (SBTi) reported. The company’s focus remains on its near-term reduction targets for Scope 1 and 2 emissions, reflecting its commitment to sustainability and climate action within the industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 564,225,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 132,751,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Paramount Resources's Industry?
How Carbon Intensive is Paramount Resources's Location?
Paramount Resources'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.
Paramount Resources 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.
