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Tourmaline Oil Corporation, commonly referred to as Tourmaline Oil, is a prominent Canadian company specialising in the heavy fuel oil sector. Headquartered in Calgary, Alberta, the company operates extensively across key regions in Canada, focusing on the exploration, development, and production of heavy fuel oil resources. Since its founding in 2008, Tourmaline Oil has established a strong market presence through strategic growth and operational excellence.
The company’s core offerings include high-quality heavy fuel oils and related hydrocarbons, distinguished by their efficient extraction processes and commitment to responsible resource management. Recognised for its robust market position, Tourmaline Oil has achieved notable milestones in Canadian energy production, making it a significant player within the heavy fuel oil industry. Its expertise and consistent performance underscore its reputation as a reliable supplier in the Canadian energy landscape.
15
DitchCarbon score
+2 vs industry average
Tourmaline Oil’s score of 15 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Heavy Fuel Oil is among the most carbon-intensive industries
Industry performance
0.698
20182025
The Heavy Fuel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Tourmaline Oil's reported carbon emissions
Tourmaline Oil, based in Canada, reported its 2022 Scope 1 emissions as approximately 2.93 billion kg CO2e and its Scope 2 emissions as approximately 79.23 million kg CO2e. For 2021, its Scope 1 emissions were about 2.60 billion kg CO2e, and Scope 2 emissions were approximately 86.12 million kg CO2e. The company has not disclosed Scope 3 emissions.
Tourmaline Oil has set several climate commitments. It aims to reduce its methane emission intensity by 55% by 2027, using 2020 as a benchmark. Additionally, the company intends to achieve a 25% reduction in corporate Scope 1 emission intensity from 2018 levels by 2027.
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Tourmaline Oil’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Tourmaline Oil25 days ago
15
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