Baytex Energy
Baytex Energy Corp., commonly referred to as Baytex, is a prominent Canadian oil and gas company headquartered in Calgary, Alberta. Founded in 1993, Baytex has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas. The company operates mainly in the Western Canadian Sedimentary Basin and the Eagle Ford formation in Texas, showcasing its diverse operational footprint. Baytex is recognised for its commitment to sustainable practices and efficient resource management, offering a range of high-quality crude oil and natural gas products. With a strong emphasis on innovation and operational excellence, Baytex has achieved significant milestones, including strategic acquisitions that have bolstered its market position. As a result, the company continues to be a notable entity in the North American energy landscape, dedicated to delivering value to its stakeholders while prioritising environmental stewardship.
DitchCarbon Score
How does Baytex Energy'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
Baytex Energy's score of 8 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baytex Energy's reported carbon emissions
In 2022, Baytex Energy reported total greenhouse gas emissions of approximately 1,091,030,000 kg CO2e, with Scope 1 emissions accounting for about 1,001,008,000 kg CO2e and Scope 2 emissions at approximately 90,022,000 kg CO2e. The company's GHG emissions intensity for Scope 1 and Scope 2 was reported at 43,000 kg CO2e per barrel of oil equivalent (boe) for its Canadian operations. In 2021, Baytex's emissions were approximately 1,173,677,000 kg CO2e for Scope 1 and about 95,395,000 kg CO2e for Scope 2, indicating a slight increase in emissions intensity to 57,000 kg CO2e per boe. The trend shows a significant reduction from 2019, where total emissions reached approximately 2,342,638,000 kg CO2e for Scope 1 and about 112,475,000 kg CO2e for Scope 2. Baytex Energy has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The company continues to report on its emissions but lacks comprehensive data on Scope 3 emissions, which are critical for a full understanding of its climate impact. Overall, while Baytex Energy has made strides in reporting its emissions, the absence of defined reduction targets suggests a need for enhanced climate commitments to align with industry standards and expectations.
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| 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 425,663,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000,000 | 000,000,000 | 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 | 179,080,000 | 000,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 604,743,000 | 000,000,000 | 000,000,000 | - | 0,000,000,000 | - | 000,000,000 | - | - | - | - | - |
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.
Baytex Energy 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.
