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Prairiesky Royalty Ltd., a prominent player in the gas and diesel oil industry, is headquartered in Calgary, Alberta, Canada. Founded in 2013, the company has quickly established itself as a leader in the management and acquisition of oil and gas royalties, primarily operating across Western Canada.
Prairiesky Royalty focuses on generating sustainable revenue through its extensive portfolio of royalty interests, which includes both conventional and unconventional resources. The company's unique business model allows it to benefit from the production of oil and gas without the associated operational costs, positioning it favourably in the market.
With a commitment to responsible resource management, Prairiesky has achieved significant milestones, including a robust growth trajectory and a strong presence in the energy sector, making it a noteworthy entity in the Canadian oil and gas landscape.
-2 vs industry average
Prairiesky Royalty’s score of 14 is lower than 40% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Prairiesky Royalty, a Canadian-headquartered company in the Gas/Diesel Oil industry, has not publicly disclosed its full carbon emissions for 2024. However, in 2022, the company reported total emissions of approximately 55,500 kg CO2e. This included Scope 1 emissions of around 120,900 kg CO2e, Scope 2 location-based emissions of approximately 149,700 kg CO2e, and Scope 3 emissions of roughly 55,500 kg CO2e. The Scope 3 emissions were broken down into business travel (approximately 7,800 kg CO2e), employee commute (approximately 47,300 kg CO2e), and waste generated in operations (approximately 400 kg CO2e).
Looking back, Prairiesky Royalty's total emissions in 2021 were approximately 287,600 kg CO2e, with Scope 1 stationary combustion at approximately 91,500 kg CO2e, Scope 2 location-based emissions at around 166,100 kg CO2e, and Scope 3 emissions including business travel (approximately 500 kg CO2e) and employee commute (approximately 29,500 kg CO2e). In 2020, total emissions were about 457,900 kg CO2e, comprising Scope 1 stationary combustion of roughly 143,500 kg CO2e, Scope 2 location-based emissions of around 279,800 kg CO2e, and Scope 3 emissions from business travel (approximately 6,000 kg CO2e) and employee commute (approximately 28,600 kg CO2e).
The company is committed to reducing its carbon footprint. Prairiesky Royalty has set an absolute near-term target to reduce its combined Scope 1 and Scope 2 emissions by 50% by 2025, using 2017 as the base year. In 2017, the company's Scope 1 emissions were approximately 127,500 kg CO2e and Scope 2 location-based emissions were approximately 415,700 kg CO2e.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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