Peyto Exploration And Development
Peyto Exploration and Development Corp., commonly referred to as Peyto, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1998, the company has established itself as a leader in natural gas exploration and production, primarily focusing on the prolific Montney and Deep Basin regions of Western Canada. Peyto is renowned for its commitment to sustainable practices and innovative extraction techniques, which set it apart in a competitive market. The company’s core offerings include natural gas and natural gas liquids, with a strong emphasis on operational efficiency and environmental stewardship. Over the years, Peyto has achieved significant milestones, including consistent production growth and a robust asset portfolio, solidifying its position as a key contributor to Canada’s energy landscape.
DitchCarbon Score
How does Peyto Exploration And Development'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 Natural Gas Liquids 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
Peyto Exploration And Development's score of 10 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Peyto Exploration And Development's reported carbon emissions
In 2021, Peyto Exploration and Development reported total carbon emissions of approximately 624,812,000 kg CO2e for Scope 1 and about 27,827,000 kg CO2e for Scope 2, resulting in a combined total of around 652,639,000 kg CO2e. This marked an increase from 2020, where emissions were approximately 570,738,000 kg CO2e for Scope 1 and about 32,929,000 kg CO2e for Scope 2, leading to a total of around 603,667,000 kg CO2e. Peyto has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi). The company has not reported any climate pledges or significant reduction initiatives to date. All emissions data is sourced directly from Peyto Exploration and Development Corp. without any cascading from a parent or related organization. Overall, Peyto's emissions reflect the challenges faced by the oil and gas sector in managing carbon footprints while striving for sustainability.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 570,738,000 | 000,000,000 |
| Scope 2 | 32,929,000 | 00,000,000 |
| Scope 3 | - | - |
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.
Peyto Exploration And Development 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.
