Tourmaline Oil Corp

Common Name
Tourmaline Oil
Country
Canada
Sector
Energy
Industry
Oil & Gas E&P
Employees
458
Ticker
TOU
Exchange
TORONTO STOCK EXCHANGE
Description
Tourmaline Oil Corp. is a Canadian independent exploration and production company focused on developing petroleum and natural gas resources in the Western Canadian Sedimentary Basin. Its core assets s...

Tourmaline Oil's GHG Emissions Data Preview

In 2022, Tourmaline Oil 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, Tourmaline Oil 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 Tourmaline Oil’s Greenhouse Gas (GHG) Emissions Data

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a. Tourmaline Oil's Sustainability Report 2022
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Insights into Tourmaline Oil's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Tourmaline Oil amounted to 3,012,774 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 Tourmaline Oil increased by 12.21%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Tourmaline Oil's Scope 1 Emissions Over Time

201820192020202120220750 k1.5 M2.25 M3 MtCO2e+12%+3%+26%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Tourmaline Oil's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Tourmaline Oil were 2,933,544 metric tons of CO₂ equivalent (tCO₂e). a

Has Tourmaline Oil reduced its Scope 1 emissions over time?

Since 2018, Tourmaline Oil's Scope 1 emissions have increased by 63.88%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2021), Tourmaline Oil's Scope 1 emissions increased by 12.88%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Tourmaline Oil's Scope 2 emissions?

In 2022, Tourmaline Oil reported Scope 2 greenhouse gas (GHG) emissions of 79,230 tCO₂e using the location-based method. a

Has Tourmaline Oil reduced its Scope 2 emissions over time?

Since 2018, Tourmaline Oil's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 35.28%, reflecting a rising long-term trend in Scope 2 emissions over time. a

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

What methodology does Tourmaline Oil use for Scope 2 reporting?

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

Tourmaline Oil's Scope 2 Emissions Over Time

20182019202020212022025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based

Insights into Tourmaline Oil’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Tourmaline Oil reported Scope 1 greenhouse gas (GHG) emissions of 2,933,544 tCO₂e and total revenues of USD 6,411 millions. This translates into an emissions intensity of 457.55 tCO₂e per millions USD. a

Tourmaline Oil's Scope 1 Emissions Intensity Compared to Peers

1050020,0001,000,00050,000,000Scope 1 Emissions (tCO2e)2001,0002,00010,00050,000Revenues (Millions of USD)EnergeanYear: 2023Scope 1: 220,579 tCO2eRevenue: $M 1,420Scope 1 Intensity: 155.38 tCO2e/$MARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MParamount ResourcesYear: 2023Scope 1: 460,416 tCO2eRevenue: $M 1,551Scope 1 Intensity: 296.81 tCO2e/$MChord EnergyYear: 2023Scope 1: 1,500,209 tCO2eRevenue: $M 3,897Scope 1 Intensity: 385.00 tCO2e/$MMEG EnergyYear: 2022Scope 1: 2,368,081 tCO2eRevenue: $M 4,687Scope 1 Intensity: 505.30 tCO2e/$MAntero ResourcesYear: 2023Scope 1: 221,063 tCO2eRevenue: $M 4,279Scope 1 Intensity: 51.66 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MJapan Petroleum ExplorationYear: 2023Scope 1: 217,000 tCO2eRevenue: $M 2,526Scope 1 Intensity: 85.90 tCO2e/$MVar EnergiYear: 2023Scope 1: 195,706 tCO2eRevenue: $M 6,816Scope 1 Intensity: 28.71 tCO2e/$MVital EnergyYear: 2023Scope 1: 663,046 tCO2eRevenue: $M 1,548Scope 1 Intensity: 428.43 tCO2e/$MAker BPYear: 2023Scope 1: 906,378 tCO2eRevenue: $M 13,580Scope 1 Intensity: 66.74 tCO2e/$MSM EnergyYear: 2023Scope 1: 484,493 tCO2eRevenue: $M 2,364Scope 1 Intensity: 204.96 tCO2e/$MPrioYear: 2023Scope 1: 430,000 tCO2eRevenue: $M 2,455Scope 1 Intensity: 175.19 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MMagnolia Oil & GasYear: 2023Scope 1: 479,393 tCO2eRevenue: $M 1,227Scope 1 Intensity: 390.71 tCO2e/$MSantosYear: 2023Scope 1: 5,660,000 tCO2eRevenue: $M 9,048Scope 1 Intensity: 625.52 tCO2e/$MNovatekYear: 2023Scope 1: 9,482,000 tCO2eRevenue: $M 15,178Scope 1 Intensity: 624.71 tCO2e/$MNorthern Oil and GasYear: 2023Scope 1: 14 tCO2eRevenue: $M 1,917Scope 1 Intensity: 0.01 tCO2e/$MInpexYear: 2023Scope 1: 6,622,000 tCO2eRevenue: $M 15,305Scope 1 Intensity: 432.68 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MTourmaline OilYear: 2022Scope 1: 2,933,544 tCO2eRevenue: $M 6,411Scope 1 Intensity: 457.55 tCO2e/$M

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

In 2022, Tourmaline Oil reported a Scope 1 emissions intensity of 457.55 tCO₂e per millions USD. Compared to the peer group median of 261.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Tourmaline Oil rank on GHG emissions intensity within its industry?

In 2022, Tourmaline Oil ranked 19 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

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