TC Energy Corp

Common Name
TC Energy
Country
Canada
Sector
Energy
Industry
Oil & Gas Midstream
Employees
6,668
Ticker
TRP
Exchange
TORONTO STOCK EXCHANGE
Description
TC Energy Corporation is a leading North American energy infrastructure company that primarily focuses on the development, ownership, and operation of major pipelines and power generation assets. The ...

TC Energy's GHG Emissions Data Preview

In 2023, TC 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

TC Energy has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 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 TC 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 TC Energy’s data sources below and access millions more through our Disclosure Search.

a. TC Energy's Sustainability Report 2024
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b. TC Energy's Sustainability Report 2023
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Insights into TC Energy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of TC Energy amounted to 22,938,000 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 TC Energy decreased by 1.32%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

TC Energy's Scope 1 Emissions Over Time

2019202020212022202305.5 M11 M16.5 M22 MtCO2e-1%+9%+6%-1%
  • Total Scope 1
  • Year-over-Year Change

What are TC Energy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of TC Energy were 20,902,000 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), TC Energy's Scope 1 emissions decreased by 1.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are TC Energy's Scope 2 emissions?

In 2023, TC Energy reported Scope 2 greenhouse gas (GHG) emissions of 2,036,000 tCO₂e using the location-based method. a

Has TC Energy reduced its Scope 2 emissions over time?

Compared to the previous year (2022), TC Energy's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that TC Energy 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does TC Energy use for Scope 2 reporting?

In 2023, TC Energy reported its Scope 2 emissions using the location-based method. a

TC Energy's Scope 2 Emissions Over Time

201920202021202220230550 k1.1 M1.65 M2.2 MtCO2e
  • Total Scope 2 Location-Based

Insights into TC Energy's Value Chain Emissions

In 2023, TC Energy reported 4,434,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of TC Energy includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

TC Energy's Scope 3 Emissions Over Time

20182019202020212022202301.5 M3 M4.5 M6 MtCO2e+4%-14%+18%+11%+26%
  • Total Scope 3
  • Year-over-Year Change

What are TC Energy's Scope 3 emissions?

In 2023, TC Energy reported total Scope 3 emissions of 4,434,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has TC Energy reduced its Scope 3 emissions over time?

Since 2018, TC Energy's Scope 3 emissions have increased by 46.53%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2022), TC Energy's Scope 3 emissions increased by 26%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does TC Energy disclose?

In 2023, TC Energy reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of TC Energy's Scope 3 emissions?

In 2023, the largest contributors to TC Energy's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 4,352,000 tCO₂e (98.13%)
  • Waste Generated in Operations (Cat. 5): 61,000 tCO₂e (1.38%)
  • Upstream Leased Assets (Cat. 8): 15,000 tCO₂e (0.34%)

TC Energy's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(1.4%)Fuel- andEnergy-RelatedServices (Cat. 3)(98.1%)

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

In 2023, TC Energy reported Scope 1 greenhouse gas (GHG) emissions of 20,902,000 tCO₂e and total revenues of USD 12,036 millions. This translates into an emissions intensity of 1,736.65 tCO₂e per millions USD. a

TC Energy'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)HEnbridgeYear: 2023Scope 1: 7,480,000 tCO2eRevenue: $M 32,970Scope 1 Intensity: 226.87 tCO2e/$MDT MidstreamYear: 2023Scope 1: 1,714,654 tCO2eRevenue: $M 922Scope 1 Intensity: 1,859.71 tCO2e/$MPrima MarineYear: 2023Scope 1: 6,295 tCO2eRevenue: $M 235Scope 1 Intensity: 26.80 tCO2e/$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: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MWestern Midstream PartnersYear: 2023Scope 1: 4,690,000 tCO2eRevenue: $M 3,106Scope 1 Intensity: 1,509.75 tCO2e/$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: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MGolar LNGYear: 2023Scope 1: 584,778 tCO2eRevenue: $M 298Scope 1 Intensity: 1,959.52 tCO2e/$MScorpio TankersYear: 2023Scope 1: 2,362,449 tCO2eRevenue: $M 1,341Scope 1 Intensity: 1,761.42 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$MTC EnergyYear: 2023Scope 1: 20,902,000 tCO2eRevenue: $M 12,036Scope 1 Intensity: 1,736.65 tCO2e/$M

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

In 2023, TC Energy reported a Scope 1 emissions intensity of 1,736.65 tCO₂e per millions USD. Compared to the peer group median of 1,117.43, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2023, TC Energy ranked 17 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into TC Energy's Total Carbon Footprint

In 2023, TC Energy reported a total carbon footprint of 27,372,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.27% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to TC Energy's total carbon footprint was Scope 1 emissions, accounting for 76.36% of the company's total carbon footprint, followed by Scope 3 emissions at 16.2%. a

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