As of 2023, Tourmaline Oil has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Tourmaline Oil's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced | -55%a | 2027 |
Intensity-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced | -25%a | 2027 |
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As of 2023, Tourmaline Oil has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
As of 2023, Tourmaline Oil has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Tourmaline Oil's most ambitious operational target is to reduce these emissions by 55% by 2027, compared to a baseline of 0.004 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced in 2020.a
As of 2023, Tourmaline Oil is ahead of schedule on its operational emissions reduction target, having achieved 49.09% of the planned reduction.a