AltaGas Ltd

Common Name
AltaGas
Country
Canada
Sector
Energy
Industry
Oil & Gas Midstream
Employees
3,045
Ticker
ALA
Exchange
TORONTO STOCK EXCHANGE
Description
AltaGas Ltd. is a diversified energy infrastructure company headquartered in Calgary, Alberta, Canada. Its primary function is to serve as an integral player in the energy sector through the transport...

AltaGas's GHG Emissions Data Preview

In 2022, AltaGas completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, AltaGas has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind AltaGas’s Greenhouse Gas (GHG) Emissions Data

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a. AltaGas's ESG Report 2023
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Insights into AltaGas's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of AltaGas amounted to 2,010,960 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2021, the total operational greenhouse gas (GHG) emissions of AltaGas decreased by 11.78%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

AltaGas's Scope 1 Emissions Over Time

2020202120220550 k1.1 M1.65 M2.2 MtCO2e+12%-12%
  • Total Scope 1
  • Year-over-Year Change

What are AltaGas's Scope 1 emissions?

In 2022, the total Scope 1 emissions of AltaGas were 1,904,084 metric tons of CO₂ equivalent (tCO₂e). a

Has AltaGas reduced its Scope 1 emissions over time?

Since 2020, AltaGas's Scope 1 emissions have decreased by 1.9%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2021), AltaGas's Scope 1 emissions decreased by 12.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are AltaGas's Scope 2 emissions?

In 2022, AltaGas reported Scope 2 greenhouse gas (GHG) emissions of 106,876 tCO₂e using the location-based method. a

Has AltaGas reduced its Scope 2 emissions over time?

Since 2020, AltaGas's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that AltaGas 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2021), AltaGas's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that AltaGas 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does AltaGas use for Scope 2 reporting?

In 2022, AltaGas reported its Scope 2 emissions using the location-based method. a

AltaGas's Scope 2 Emissions Over Time

202020212022030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based

Insights into AltaGas’s GHG Emissions Intensity Compared to Industry Peers

In 2022, AltaGas reported Scope 1 greenhouse gas (GHG) emissions of 1,904,084 tCO₂e and total revenues of USD 10,408 millions. This translates into an emissions intensity of 182.94 tCO₂e per millions USD. a

AltaGas's Scope 1 Emissions Intensity Compared to Peers

2005,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5501,00010,000200,000Revenues (Millions of USD)HAntero MidstreamYear: 2022Scope 1: 1,961,172 tCO2eRevenue: $M 991Scope 1 Intensity: 1,979.67 tCO2e/$MEnbridgeYear: 2023Scope 1: 7,480,000 tCO2eRevenue: $M 32,970Scope 1 Intensity: 226.87 tCO2e/$MTC EnergyYear: 2023Scope 1: 20,902,000 tCO2eRevenue: $M 12,036Scope 1 Intensity: 1,736.65 tCO2e/$MCOSCO SHIPPING EnergyYear: 2023Scope 1: 3,546,077 tCO2eRevenue: $M 3,173Scope 1 Intensity: 1,117.43 tCO2e/$MKinetik HoldingsYear: 2023Scope 1: 2,020,587 tCO2eRevenue: $M 1,256Scope 1 Intensity: 1,608.22 tCO2e/$MONEOKYear: 2023Scope 1: 3,700,000 tCO2eRevenue: $M 17,677Scope 1 Intensity: 209.31 tCO2e/$MBeach EnergyYear: 2023Scope 1: 538,977 tCO2eRevenue: $M 7Scope 1 Intensity: 81,171.23 tCO2e/$MSinopec Kantons HoldingsYear: 2023Scope 1: 1,201 tCO2eRevenue: $M 78Scope 1 Intensity: 15.38 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MCMB.TECHYear: 2023Scope 1: 2,226,796 tCO2eRevenue: $M 1,235Scope 1 Intensity: 1,802.89 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MQatar Gas Transport Co Ltd (Nakilat) (QPSC)Year: 2023Scope 1: 5,328,583 tCO2eRevenue: $M 996Scope 1 Intensity: 5,349.81 tCO2e/$MTormYear: 2023Scope 1: 1,558,254 tCO2eRevenue: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MMPLXYear: 2023Scope 1: 5,400,000 tCO2eRevenue: $M 10,434Scope 1 Intensity: 517.54 tCO2e/$MGibson EnergyYear: 2023Scope 1: 115,192 tCO2eRevenue: $M 8,320Scope 1 Intensity: 13.85 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$MAltaGasYear: 2022Scope 1: 1,904,084 tCO2eRevenue: $M 10,408Scope 1 Intensity: 182.94 tCO2e/$M

How does AltaGas's GHG emissions intensity compare to its peers?

In 2022, AltaGas reported a Scope 1 emissions intensity of 182.94 tCO₂e per millions USD. Compared to the peer group median of 768.7, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does AltaGas rank on GHG emissions intensity within its industry?

In 2022, AltaGas ranked 5 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places AltaGas among the top performers, with one of the lowest emissions intensities relative to peers. a

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