Paramount Resources
Paramount Resources Ltd., commonly referred to as Paramount, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1976, the company has established itself as a leader in exploration and production, primarily focusing on natural gas and crude oil. With significant operations in key regions such as the Montney and Duvernay formations, Paramount is well-positioned to leverage its extensive resource base. The company is renowned for its innovative approach to resource development, employing advanced technologies to enhance efficiency and sustainability. Paramount's commitment to responsible operations has earned it a strong market position, marked by notable achievements in production growth and environmental stewardship. As a trusted name in the energy sector, Paramount Resources continues to drive progress while meeting the evolving demands of the market.
DitchCarbon Score
How does Paramount Resources'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 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
Paramount Resources's score of 9 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paramount Resources's reported carbon emissions
In 2022, Paramount Resources reported total carbon emissions of approximately 500,000,000 kg CO2e from Scope 1 sources, with negligible emissions of 20 kg CO2e from Scope 2. This marked a significant reduction from 2021, where emissions were also about 500,000,000 kg CO2e for Scope 1 and 10 kg CO2e for Scope 2. In 2020, the company recorded a notable decrease in Scope 1 emissions to approximately 250,000,000 kg CO2e, with no Scope 2 emissions reported. Despite these reductions, Paramount Resources has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions profile indicates a focus on managing direct emissions, particularly in Scope 1, which includes fugitive emissions. The absence of formal reduction targets suggests that while the company is actively monitoring its emissions, it may not yet have committed to a structured plan for future reductions. Overall, Paramount Resources is navigating the complexities of carbon emissions management within the energy sector, reflecting broader industry trends towards sustainability and climate responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 564,225,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 132,751,000 | - | 00 | 00 |
| 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.
Paramount Resources is committed to some reduction initiatives 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.
