Touchstone Exploration
Touchstone Exploration Inc., commonly referred to as Touchstone, is a dynamic oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Founded in 2001, the company has established a strong presence in the energy sector, primarily focusing on the exploration and development of oil and natural gas resources in Trinidad and Tobago. With a commitment to sustainable practices, Touchstone offers a range of services that include drilling, production, and reservoir management. The company is recognised for its innovative approach to resource extraction, which sets it apart in a competitive market. Touchstone's strategic initiatives have led to significant milestones, enhancing its market position and operational efficiency. As a key player in the industry, Touchstone Exploration continues to drive growth while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does Touchstone Exploration'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 Business Services 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
Touchstone Exploration's score of 39 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Touchstone Exploration's reported carbon emissions
In 2023, Touchstone Exploration reported total carbon emissions of approximately 18,498,590 kg CO2e for Scope 1, 5,671,290 kg CO2e for Scope 2, and 72,760 kg CO2e for Scope 3. This represents a significant reduction from 2022, where emissions were about 22,120,290 kg CO2e for Scope 1 and 4,651,440 kg CO2e for Scope 2, alongside 38,210 kg CO2e for Scope 3. The company has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050, as outlined in its sustainability report. Additionally, Touchstone Exploration is targeting a 25% reduction in overall methane emissions from its operated assets by 2025, using 2021 as the baseline year. Touchstone's emissions data is not cascaded from any parent company, indicating that these figures are independently reported. The company is actively working towards its climate goals while maintaining transparency in its emissions reporting.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 162,219,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 374,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000 | 00,000 |
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.
Touchstone Exploration 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.
