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 25 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Touchstone Exploration's reported carbon emissions
In 2022, Touchstone Exploration reported total carbon emissions of approximately 152,240,000 kg CO2e, comprising about 151,801,000 kg CO2e from Scope 1 emissions and around 439,000 kg CO2e from Scope 2 emissions. This represents a decrease from 2021, when the company emitted about 163,637,000 kg CO2e, with Scope 1 emissions at approximately 163,249,000 kg CO2e and Scope 2 emissions at about 388,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Touchstone Exploration has not set specific reduction targets or climate pledges, which may limit their commitment to long-term sustainability goals. Overall, while the company has made strides in reducing its emissions from 2021 to 2022, the absence of formal reduction initiatives or targets suggests an opportunity for further commitment to climate action within the industry context.
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| 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 participating in any of the initiatives that 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.
