Athabasca Oil Sustainability Profile
Athabasca Oil Corporation, commonly referred to as Athabasca Oil, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 2006, the company has rapidly established itself as a leader in the development of oil sands and conventional oil resources, primarily operating in the Athabasca region of Alberta. Athabasca Oil focuses on the exploration, production, and development of heavy oil and bitumen, with a commitment to sustainable practices and innovative extraction technologies. Its core products include high-quality crude oil and bitumen, which are distinguished by their low environmental impact and efficient production methods. With a strong market position, Athabasca Oil has achieved significant milestones, including strategic partnerships and successful project completions, solidifying its reputation as a forward-thinking entity in the energy sector.
DitchCarbon Score
How does Athabasca 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 Gas/Diesel 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
Athabasca Oil's score of 13 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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Athabasca Oil's reported carbon emissions
In 2023, Athabasca Oil Corporation reported total carbon emissions of approximately 877,205,000 kg CO2e for Scope 1 and about 66,289,000 kg CO2e for Scope 2, resulting in a combined total of approximately 943,494,000 kg CO2e. This marks a slight increase from 2022, where emissions were approximately 852,812,000 kg CO2e for Scope 1 and about 68,100,000 kg CO2e for Scope 2, totalling around 920,912,000 kg CO2e. Athabasca Oil has not disclosed any Scope 3 emissions data. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a lack of formalised strategies in this area. The absence of SBTi (Science Based Targets initiative) reduction targets further highlights the need for enhanced climate action within the organisation. The emissions data reflects the company's operations in the mineral fuels and oils sector, with a GHG emissions intensity of approximately 69.0 kg CO2e per barrel of oil equivalent (boe) in 2023. This intensity metric is crucial for understanding the environmental impact of their production processes. Overall, while Athabasca Oil has made strides in reporting its emissions, the lack of reduction targets and initiatives suggests an opportunity for improvement in its climate strategy.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 248,017,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 23,553,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Athabasca Oil's Industry?
How Carbon Intensive is Athabasca Oil's Location?
Athabasca 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.
Athabasca 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.
