Saturn Oil & Gas Inc Sustainability Profile
Saturn Oil & Gas Inc., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 2016, the company has rapidly established itself in the industry, focusing on the acquisition and development of high-quality oil assets. With a strategic emphasis on the Saskatchewan region, Saturn Oil & Gas has made significant strides in enhancing production efficiency and sustainability. The company’s core offerings include oil exploration, production, and development, distinguished by its commitment to innovative technologies and environmentally responsible practices. Saturn Oil & Gas has garnered recognition for its robust operational performance and strategic growth initiatives, positioning itself as a competitive force in the market. With a clear vision for the future, Saturn continues to expand its footprint while prioritising sustainable energy solutions.
DitchCarbon Score
How does Saturn Oil & Gas Inc'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 Gas/Diesel Oil 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
Saturn Oil & Gas Inc's score of 10 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saturn Oil & Gas Inc's reported carbon emissions
In 2022, Saturn Oil & Gas Inc. reported total carbon emissions of approximately 354,052,000 kg CO2e, comprising 237,442,000 kg CO2e from Scope 1 emissions and 116,610,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions included about 154,976,000 kg CO2e from fugitive emissions and approximately 27,682,000 kg CO2e from stationary combustion. Comparatively, in 2021, the company recorded total emissions of about 100,059,000 kg CO2e, with Scope 1 emissions at approximately 60,837,000 kg CO2e and Scope 2 emissions at around 39,822,000 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. Currently, Saturn Oil & Gas Inc. has not established any specific reduction targets or climate pledges, nor do they have any emissions data cascaded from a parent or related organization. The absence of Scope 3 emissions data suggests a potential area for future reporting and commitment. Overall, while Saturn Oil & Gas Inc. has made strides in emissions reporting, the lack of reduction initiatives highlights an opportunity for enhanced climate action and commitment to sustainability in the oil and gas sector.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 60,837,000 | 000,000,000 |
| Scope 2 | 39,822,000 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Saturn Oil & Gas Inc's Industry?
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Saturn Oil & Gas Inc'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.
Saturn Oil & Gas Inc 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.
