Touchstone Exploration
Touchstone Exploration Inc., commonly referred to as Touchstone, is a dynamic oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Founded in 2001, the company has established a strong presence in the energy sector, primarily focusing on the exploration and development of oil and natural gas resources in Trinidad and Tobago. With a commitment to sustainable practices, Touchstone offers a range of services that include drilling, production, and reservoir management. The company is recognised for its innovative approach to resource extraction, which sets it apart in a competitive market. Touchstone's strategic initiatives have led to significant milestones, enhancing its market position and operational efficiency. As a key player in the industry, Touchstone Exploration continues to drive growth while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does Touchstone Exploration'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 Business Services 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
Touchstone Exploration's score of 5 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Touchstone Exploration's reported carbon emissions
In 2022, Touchstone Exploration reported total carbon emissions of approximately 152,240,000 kg CO2e, comprising 151,801,000 kg CO2e from Scope 1 and 439,000 kg CO2e from Scope 2 emissions. This marked a reduction from 2021, where total emissions were about 163,637,000 kg CO2e, with Scope 1 emissions at 163,249,000 kg CO2e and Scope 2 emissions at 388,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, achieving a Scope 1 and 2 emission intensity of 240 kg CO2e per barrel of oil equivalent (boe) in 2022, down from 300 kg CO2e per boe in 2021. Despite these reductions, Touchstone Exploration has not publicly disclosed specific reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while the company is actively reducing emissions, it may not have set formalised long-term climate commitments. Overall, Touchstone Exploration's emissions data reflects a positive trend towards lower carbon emissions in the oil and gas sector, aligning with broader industry efforts to address climate change.
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Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 162,219,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 374,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Touchstone Exploration is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
