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 11 is lower than 69% 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 534,280,000 kg CO2e, comprising 499,152,000 kg CO2e from Scope 1 emissions and 35,128,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions included about 80,509,000 kg CO2e from fugitive emissions and 238,560,000 kg CO2e from stationary combustion. Comparatively, in 2021, TVE's emissions were approximately 355,238,000 kg CO2e, with Scope 1 emissions at 320,536,000 kg CO2e and Scope 2 emissions at 34,702,000 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. TVE has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests that the company may be in the early stages of formalising its climate strategy. Overall, Tamarack Valley Energy Ltd's emissions data reflects its operational impact, and the lack of reduction initiatives highlights an opportunity for the company to enhance its 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.
