Strathcona Resources Ltd Sustainability Profile
Strathcona Resources Ltd., a prominent player in the Canadian energy sector, is headquartered in Calgary, Alberta. Founded in 2018, the company has rapidly established itself in the oil and gas industry, focusing on exploration, production, and development of hydrocarbon resources across Western Canada. Strathcona's core offerings include conventional oil and natural gas production, with a commitment to sustainable practices that set it apart in a competitive market. The company has achieved significant milestones, including strategic acquisitions that have bolstered its operational capacity and market presence. With a strong emphasis on innovation and efficiency, Strathcona Resources Ltd. continues to enhance its position as a leading independent energy producer, dedicated to delivering value while prioritising environmental stewardship.
DitchCarbon Score
How does Strathcona Resources Ltd'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
Strathcona Resources Ltd's score of 10 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Strathcona Resources Ltd's reported carbon emissions
In 2023, Strathcona Resources Ltd, headquartered in Canada, reported total carbon emissions of approximately 280,391,000 kg CO2e. This figure includes about 253,968,000 kg CO2e from Scope 1 emissions and approximately 26,423,000 kg CO2e from Scope 2 emissions. In comparison, the previous year, 2022, saw total emissions of about 312,306,000 kg CO2e, with Scope 1 emissions at approximately 280,637,000 kg CO2e and Scope 2 emissions at around 31,669,000 kg CO2e. This indicates a reduction in total emissions of about 31,915,000 kg CO2e year-on-year. Strathcona has set ambitious climate commitments, aiming to implement a state-of-the-art Organic Rankine Cycle system at its Orion thermal oil facility in the Cold Lake region. This technology is expected to utilise waste heat recovery to generate emissions-free electricity, targeting a reduction of approximately 740,000 tonnes of greenhouse gas emissions by 2050. Additionally, the company plans to offset 80% of its Orion grid-power consumption with self-generated emissions-free electricity by 2025, covering both Scope 1 and Scope 2 emissions. Strathcona's emissions data is not cascaded from any parent organization, and the company has not disclosed any Scope 3 emissions data. The focus on reducing emissions through innovative technology and self-generated power reflects Strathcona's commitment to sustainability and climate action within the mineral fuels and oils sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 280,637,000 | 000,000,000 |
| Scope 2 | 31,669,000 | 00,000,000 |
| Scope 3 | - | - |
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Strathcona Resources Ltd'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.
Strathcona Resources Ltd 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.
