VAALCO Energy Canada, Inc
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 5 is higher than 77% 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 total carbon emissions of approximately 310,806,000 kg CO2e, with Scope 1 emissions accounting for the majority at this level. The company also recorded Scope 2 emissions of about 3,325,000 kg CO2e. Notably, in Canada, their Scope 1 emissions were approximately 11,071,000 kg CO2e in both 2019 and 2020, indicating a consistent emission level in this region. Despite these figures, VAALCO Energy has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the company may still be in the early stages of formalising its climate strategy. Overall, while VAALCO Energy Canada, Inc. has substantial emissions, the lack of clear reduction commitments highlights an opportunity for the company to enhance its climate action efforts in alignment with industry standards.
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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 | - | - | - |
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.
VAALCO Energy Canada, Inc 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.
