Tourmaline Oil Sustainability Profile
Tourmaline Oil Corp, commonly referred to as Tourmaline Oil, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 2008, the company has rapidly established itself as one of Canada’s largest natural gas producers, with significant operations in the Montney and Peace River regions. Tourmaline Oil is renowned for its commitment to efficient resource development and innovative extraction techniques, focusing primarily on natural gas and natural gas liquids. The company’s unique approach to sustainability and operational excellence has positioned it as a leader in the sector, achieving notable milestones in production growth and environmental stewardship. With a strong market presence, Tourmaline Oil continues to drive advancements in the energy landscape, making it a key player in the transition towards cleaner energy solutions.
DitchCarbon Score
How does Tourmaline Oil'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 Heavy Fuel 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
Tourmaline Oil's score of 20 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tourmaline Oil's reported carbon emissions
In 2022, Tourmaline Oil, headquartered in California, reported significant carbon emissions totalling approximately 3,023,843,400 kg CO2e. This figure includes about 2,933,544,000 kg CO2e from Scope 1 emissions, which primarily arise from stationary combustion and fugitive emissions, and around 79,230,000 kg CO2e from Scope 2 emissions. The company has disclosed emissions data for both Scope 1 and Scope 2 but has not reported on Scope 3 emissions. Tourmaline Oil has set ambitious reduction targets, aiming for a 25% reduction in corporate emission intensity (Scope 1) from 2018 levels by 2027. Additionally, the company intends to reduce its methane emission intensity by 55% by 2027, using 2020 as a baseline. These commitments reflect the company's proactive approach to addressing climate change and reducing its environmental impact. Over the past few years, Tourmaline's emissions have shown fluctuations, with 2021 emissions recorded at approximately 2,698,001,000 kg CO2e, and 2020 emissions at about 2,088,873,000 kg CO2e. The company is focused on improving its sustainability practices and reducing its carbon footprint in line with industry standards.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 721,263,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 54,690,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Tourmaline Oil's Industry?
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Tourmaline Oil'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.
Tourmaline Oil 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.
