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MEG Energy Corp

Common Name
MEG Energy
Country
Canada
Sector
Energy
Industry
Oil & Gas E&P
Employees
473
Ticker
MEG
Exchange
TORONTO STOCK EXCHANGE
Description
Meg Energy Corp. is a Canadian-based oil sands company focused on thermal oil production in the province of Alberta. The company's primary function is the extraction and processing of petroleum resour...

MEG Energy's GHG Emissions Data Preview

In 2023, MEG Energy 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, MEG Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)202320222021
2020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of MEG Energy’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind MEG Energy’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore MEG Energy’s data sources below and access millions more through our Disclosure Search.

a. MEG Energy's ESG Data Spreadsheet 2024

Insights into MEG Energy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of MEG Energy amounted to 2,383,149 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 2022, the total operational greenhouse gas (GHG) emissions of MEG Energy increased by 0.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

MEG Energy's Scope 1 Emissions Over Time

201920202021202220230650 k1.3 M1.95 M2.6 MtCO2e-8%+15%-3%+1%
  • Total Scope 1
  • Year-over-Year Change

What are MEG Energy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of MEG Energy were 2,382,468 metric tons of CO₂ equivalent (tCO₂e).a

Has MEG Energy reduced its Scope 1 emissions over time?

Since 2019, MEG Energy's Scope 1 emissions have increased by 3.38%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2022), MEG Energy's Scope 1 emissions remained relatively stable, indicating that MEG Energy's emissions have plateaued with no significant change in its operational footprint.a

What are MEG Energy's Scope 2 emissions?

In 2023, MEG Energy reported Scope 2 greenhouse gas (GHG) emissions of 681 tCO₂e without specifying the calculation method.a

Has MEG Energy reduced its Scope 2 emissions over time?

Compared to the previous year (2022), MEG Energy's Scope 2 emissions (Unspecified Calculation Method) rose by 77.81% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does MEG Energy use for Scope 2 reporting?

In 2023, MEG Energy reported its Scope 2 emissions using an unspecified methodology.a

MEG Energy's Scope 2 Emissions Over Time

201920202021202220230200400600800tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into MEG Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2023, MEG Energy reported Scope 1 greenhouse gas (GHG) emissions of 2,382,468 tCO₂e and total revenues of USD 4,614 millions. This translates into an emissions intensity of 516.3 tCO₂e per millions USD.a

MEG Energy's Scope 1 Emissions Intensity Compared to Peers

502,000100,0005,000,000200,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)VARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MParamount ResourcesYear: 2024Scope 1: 524,527 tCO2eRevenue: $M 1,444Scope 1 Intensity: 363.19 tCO2e/$MNuvista EnergyYear: 2023Scope 1: 319,098 tCO2eRevenue: $M 1,056Scope 1 Intensity: 302.16 tCO2e/$MEnbridgeYear: 2024Scope 1: 7,532,000 tCO2eRevenue: $M 37,173Scope 1 Intensity: 202.62 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MTC EnergyYear: 2024Scope 1: 22,351,000 tCO2eRevenue: $M 9,573Scope 1 Intensity: 2,334.75 tCO2e/$MCanadian Natural ResourcesYear: 2022Scope 1: 23,243,129 tCO2eRevenue: $M 36,595Scope 1 Intensity: 635.14 tCO2e/$MSuncor EnergyYear: 2022Scope 1: 33,520,000 tCO2eRevenue: $M 46,479Scope 1 Intensity: 721.19 tCO2e/$MTourmaline OilYear: 2024Scope 1: 3,668,283 tCO2eRevenue: $M 3,928Scope 1 Intensity: 933.94 tCO2e/$MParkland CorpYear: 2023Scope 1: 507,392 tCO2eRevenue: $M 24,513Scope 1 Intensity: 20.70 tCO2e/$MStrathcona ResourcesYear: 2024Scope 1: 3,577,855 tCO2eRevenue: $M 3,762Scope 1 Intensity: 951.09 tCO2e/$MVVVermilion EnergyYear: 2024Scope 1: 519,051 tCO2eRevenue: $M 1,442Scope 1 Intensity: 359.96 tCO2e/$MAthabasca OilYear: 2023Scope 1: 877,205 tCO2eRevenue: $M 958Scope 1 Intensity: 915.48 tCO2e/$MAltaGasYear: 2024Scope 1: 1,595,781 tCO2eRevenue: $M 8,653Scope 1 Intensity: 184.41 tCO2e/$MPrairiesky RoyaltyYear: 2023Scope 1: 94 tCO2eRevenue: $M 388Scope 1 Intensity: 0.24 tCO2e/$MCamecoYear: 2024Scope 1: 131,381 tCO2eRevenue: $M 1,581Scope 1 Intensity: 83.12 tCO2e/$MInternational PetroleumYear: 2023Scope 1: 865,305 tCO2eRevenue: $M 10,477Scope 1 Intensity: 82.59 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MGibson EnergyYear: 2024Scope 1: 125,044 tCO2eRevenue: $M 8,189Scope 1 Intensity: 15.27 tCO2e/$MPembina PipelineYear: 2024Scope 1: 4,492,231 tCO2eRevenue: $M 5,133Scope 1 Intensity: 875.14 tCO2e/$MKeyeraYear: 2024Scope 1: 1,408,005 tCO2eRevenue: $M 4,962Scope 1 Intensity: 283.73 tCO2e/$MImperial OilYear: 2022Scope 1: 23,200,000 tCO2eRevenue: $M 42,287Scope 1 Intensity: 548.63 tCO2e/$MMEG EnergyYear: 2023Scope 1: 2,382,468 tCO2eRevenue: $M 4,614Scope 1 Intensity: 516.30 tCO2e/$M

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

In 2023, MEG Energy reported a Scope 1 emissions intensity of 516.3 tCO₂e per millions USD. Compared to the peer group median of 361.58, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does MEG Energy rank on GHG emissions intensity within its industry?

In 2023, MEG Energy ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

MEG Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

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