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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 2024, 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 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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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 2025
a. TC Energy's Sustainability Report 2025
b. TC Energy's Sustainability Report 2024
b. TC Energy's Sustainability Report 2024

Insights into TC Energy's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofTC Energy amounted to22,777,000metric 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 2023, the total operational greenhouse gas (GHG) emissions of TC Energyincreased by 3.21%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

TC Energy's Scope 1 Emissions Over Time

20192020202120222023202406 M12 M18 M24 MtCO2e+3%+9%+6%-1%+4%
  • Total Scope 1
  • Year-over-Year Change

What are TC Energy's Scope 1 emissions?

In 2024, the total Scope 1 emissions of TC Energy were 22,351,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has TC Energy reduced its Scope 1 emissions over time?

Since 2019, TC Energy's Scope 1 emissions have increased by 22.24%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), TC Energy's Scope 1 emissions increased by 3.86%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are TC Energy's Scope 2 emissions?

In 2024, TC Energy reported Scope 2 greenhouse gas (GHG) emissions of 426,000 tCOâ‚‚e using the location-based method.a

Has TC Energy reduced its Scope 2 emissions over time?

Since 2019, TC Energy's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 80.02%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), TC Energy's Scope 2 emissions(Location-Based) fell by 22.26% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does TC Energy use for Scope 2 reporting?

In 2024, TC Energy reported its Scope 2 emissions using the location-based method.a

TC Energy's Scope 2 Emissions Over Time

2019202020212022202320240550 k1.1 M1.65 M2.2 MtCO2e
  • Total Scope 2 Location-Based

Insights into TC Energy's Value Chain Emissions

In 2024, TC Energy reported 4,178,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of TC Energy includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

TC Energy's Scope 3 Emissions Over Time

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-10%+10%+35%-1%0%
  • Total Scope 3
  • Year-over-Year Change

What are TC Energy's Scope 3 emissions?

In 2024, TC Energy reported total Scope 3 emissions of 4,178,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 2019, TC Energy's Scope 3 emissionshave increased by 33.23%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), TC Energy's Scope 3 emissions remained relatively stable, indicating that TC Energy's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does TC Energy disclose?

In 2024, TC Energy reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2024, the largest contributors to TC Energy's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 4,142,000 tCOâ‚‚e(99.11%)
  • Waste Generated in Operations (Cat. 5): 20,000 tCOâ‚‚e(0.48%)
  • Business Travel (Cat. 6): 8,000 tCOâ‚‚e(0.19%)

TC Energy's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(99.1%)

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

In 2024, TC Energy reported Scope 1 greenhouse gas (GHG) emissions of 22,351,000 tCOâ‚‚e and total revenues of USD 9,573 millions. This translates into an emissions intensity of 2,334.75 tCOâ‚‚e per millions USD.a

TC 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: $M 37,173Scope 1 Intensity: 202.62 tCO2e/$MMEG EnergyYear: 2023Scope 1: 2,382,468 tCO2eRevenue: $M 4,614Scope 1 Intensity: 516.30 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$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: $M 42,287Scope 1 Intensity: 548.63 tCO2e/$MTC EnergyYear: 2024Scope 1: 22,351,000 tCO2eRevenue: $M 9,573Scope 1 Intensity: 2,334.75 tCO2e/$M

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

In 2024, TC Energy reported a Scope 1 emissions intensity of 2,334.75 tCOâ‚‚e 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 TC Energy rank on GHG emissions intensity within its industry?

In 2024, TC Energy ranked 23 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places TC Energy among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into TC Energy's Total Carbon Footprint

In 2024, TC Energy reported a total carbon footprint of 26,955,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.69% increase compared to 2023, 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 82.92% of the company's total carbon footprint, followed by Scope 3 emissions at 15.5%.a

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