VAALCO Energy Canada, Inc Sustainability Profile
VAALCO Energy Canada, Inc., a prominent player in the oil and gas industry, is headquartered in Canada and operates primarily in the North American region. Founded in the early 2000s, the company has established itself as a leader in exploration and production, focusing on the development of oil and gas resources. Specialising in the acquisition and development of oil properties, VAALCO Energy is known for its innovative approaches to resource extraction and management. The company’s commitment to operational excellence and sustainability sets it apart in a competitive market. With a strong portfolio of assets, VAALCO has achieved significant milestones, enhancing its market position and reputation within the industry. As a forward-thinking entity, VAALCO Energy Canada continues to adapt to the evolving energy landscape, ensuring its services remain relevant and impactful.
DitchCarbon Score
How does VAALCO Energy Canada, Inc'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 Crude Oil Extraction 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
VAALCO Energy Canada, Inc's score of 10 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VAALCO Energy Canada, Inc's reported carbon emissions
In 2022, VAALCO Energy Canada, Inc. reported significant carbon emissions, totalling approximately 310,806,000 kg CO2e for Scope 1 emissions, which include direct emissions from owned or controlled sources. This figure comprises about 2,337,000 kg CO2e from fugitive emissions and approximately 166,836,000 kg CO2e from stationary combustion. Additionally, the company reported Scope 2 emissions of about 3,325,000 kg CO2e, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the company. The emissions data for 2020 indicates that VAALCO's Scope 1 emissions in Canada were about 11,071,000 kg CO2e, while in Egypt, they were approximately 207,981,000 kg CO2e. The global Scope 1 emissions for the same year were reported at about 219,052,000 kg CO2e, with no reported Scope 2 or Scope 3 emissions. Despite the substantial emissions figures, VAALCO Energy Canada, Inc. has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company is a current subsidiary of VAALCO Energy, Inc., which may influence its emissions reporting and climate strategies. Overall, VAALCO Energy Canada, Inc. is positioned within an industry context that increasingly prioritises carbon reduction, yet it currently lacks defined climate commitments or reduction initiatives.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | 219,052,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is VAALCO Energy Canada, Inc's Industry?
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VAALCO Energy Canada, Inc'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.
VAALCO Energy Canada, Inc 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.
