Tc Energy

TC Energy, a natural gas liquids company headquartered in Canada, reported total carbon emissions of approximately 22.8 billion kg CO2e in 2024. This includes about 22.35 billion kg CO2e from Scope 1 emissions, which covers direct emissions from sources owned or controlled by the company, and 400 million kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, heat, or steam. The company also reported Scope 3 emissions of approximately 4.2 billion kg CO2e, including 7.535 million kg CO2e from business travel, 2.843 million kg CO2e from employee commutes, 6.18 million kg CO2e from upstream leased assets, 19.75 million kg CO2e from waste generated in operations, and 4.142 billion kg CO2e from fuel and energy-related activities.

For 2023, TC Energy's total carbon emissions were approximately 27.34 billion kg CO2e, with Scope 1 emissions at about 20.9 billion kg CO2e, Scope 2 emissions at 2.036 billion kg CO2e, and Scope 3 emissions at 4.434 billion kg CO2e.

TC Energy is committed to reducing its environmental impact. The company has a near-term intensity reduction target to reduce Scope 1 and Scope 2 GHG emissions intensity from its operations by 30% by 2030, using a 2019 baseline. Additionally, TC Energy aims to achieve net-zero Scope 1 and Scope 2 GHG emissions by 2050. The company has also set a Scope 1 methane intensity reduction target of 40% to 55% by 2035, relative to a recalculated 2019 baseline intensity of 10.07 tonnes CH4/Bcf. The upper range of this methane target is contingent on financial prudence, customer support, and cost recovery.