Crescent Point Energy
Crescent Point Energy Corporation, commonly referred to as Crescent Point, is a prominent Canadian oil and gas exploration and production company headquartered in Calgary, Alberta. Founded in 2001, the company has established itself as a key player in the North American energy sector, primarily focusing on the development of light and medium oil resources across its major operational regions, including Saskatchewan and Alberta. Crescent Point is renowned for its innovative approach to resource extraction, employing advanced technologies to enhance production efficiency and sustainability. The company’s core offerings include oil and natural gas production, with a commitment to responsible environmental practices. Notably, Crescent Point has achieved significant milestones, including strategic acquisitions that have bolstered its market position, making it one of the leading independent oil producers in Canada.
DitchCarbon Score
How does Crescent Point 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 Natural Gas Liquids 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
Crescent Point Energy's score of 18 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Point Energy's reported carbon emissions
In 2022, Crescent Point Energy reported total carbon emissions of approximately 1,305,425,000 kg CO2e, comprising about 719,333,000 kg CO2e from Scope 1 emissions and about 586,092,000 kg CO2e from Scope 2 emissions. This marked a decrease from 2021, where total emissions were about 1,429,318,000 kg CO2e, with Scope 1 emissions at approximately 749,618,000 kg CO2e and Scope 2 emissions at about 679,700,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Crescent Point Energy's emissions intensity for Scope 1 and 2 combined was reported at 31.0 kg CO2e per barrel of oil equivalent (boe) in both 2021 and 2022, indicating a consistent performance in emissions management within the mineral fuels sector. Crescent Point Energy has not provided data on Scope 3 emissions, which typically encompass indirect emissions from the value chain. The absence of specific reduction targets suggests that while the company is aware of its emissions profile, it may still be in the process of developing comprehensive climate commitments aligned with industry standards.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,411,090,530 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 911,172,520 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| 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.
Crescent Point 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.
