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.
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.
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.
Athabasca Oil's score of 1 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 about 852,812,000 kg CO2e for Scope 1 and approximately 68,100,000 kg CO2e for Scope 2, totalling around 920,912,000 kg CO2e. Over the past few years, Athabasca Oil has shown fluctuations in emissions, with Scope 1 emissions peaking at about 956,791,000 kg CO2e in 2019. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Despite the lack of specific reduction targets or initiatives, Athabasca Oil is committed to addressing its carbon footprint. The company has not reported any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. The absence of these commitments may reflect the broader industry context, where many oil and gas companies are under increasing pressure to enhance their climate strategies. Athabasca Oil's emissions intensity for Scope 1 and Scope 2 combined has varied, with a reported intensity of 69.0 kg CO2e per barrel of oil equivalent (boe) in 2023, compared to 66.0 kg CO2e per boe in 2022. This indicates a need for ongoing efforts to improve efficiency and reduce emissions in line with global climate goals.
Access structured emissions data, company-specific emission factors, and source documents
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 | - | - | - | - | - | - | - | - | - |
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.
Athabasca Oil 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.