Tamarack Valley Energy Ltd (TVE) Sustainability Profile
Tamarack Valley Energy Ltd (TVE), headquartered in Calgary, Canada, is a prominent player in the oil and gas industry, focusing on the exploration and production of oil and natural gas. Founded in 2009, the company has established a strong operational presence in key regions across Alberta and Saskatchewan, leveraging advanced technologies to enhance resource recovery. TVE is recognised for its commitment to sustainable practices and efficient resource management, offering a diverse portfolio of high-quality crude oil and natural gas products. The company’s strategic approach has positioned it favourably within the market, achieving significant milestones in production growth and operational efficiency. With a focus on innovation and environmental stewardship, Tamarack Valley Energy continues to solidify its reputation as a leader in the energy sector.
DitchCarbon Score
How does Tamarack Valley Energy Ltd (TVE)'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
Tamarack Valley Energy Ltd (TVE)'s score of 0 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tamarack Valley Energy Ltd (TVE)'s reported carbon emissions
In 2022, Tamarack Valley Energy Ltd (TVE) reported total carbon emissions of approximately 499,152,000 kg CO2e from Scope 1, which includes direct emissions from operations, and about 35,128,000 kg CO2e from Scope 2, which covers indirect emissions from purchased electricity. This brings their combined Scope 1 and 2 emissions to about 534,280,000 kg CO2e. Comparatively, in 2021, TVE's emissions were approximately 320,536,000 kg CO2e for Scope 1 and about 34,702,000 kg CO2e for Scope 2, resulting in a total of around 355,238,000 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022, primarily driven by operational activities. TVE has not disclosed any Scope 3 emissions data, which would include indirect emissions from the value chain. Furthermore, the company has not set any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future focus in their climate strategy. Overall, while Tamarack Valley Energy Ltd has made strides in reporting its emissions, the lack of reduction targets and the increase in emissions from the previous year highlight the need for enhanced climate commitments moving forward.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 279,468,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 17,619,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Tamarack Valley Energy Ltd (TVE)'s Industry?
How Carbon Intensive is Tamarack Valley Energy Ltd (TVE)'s Location?
Tamarack Valley Energy Ltd (TVE)'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.
Tamarack Valley Energy Ltd (TVE) 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.
