- Increased severity and frequency of extreme weather events
- Government policies restricting GHG emissions
- Competition in the low-carbon energy sector
- Shifting consumer demand for lower-emission products
- Stigmatization of the oil and gas industry
- Delays in Canadian government advancing carbon policy
Advantage Energy Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Advantage Energy Ltd. disclosed greenhouse gas emissions of 330.5K tonnes of CO2e. By scope: Scope 1: 327.3K tCO2e; Scope 2: 3.1K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
330.5K tonnes of CO2e
2022
Water Usage
630.7K m3
2022
Waste
108 tonnes
2022
Energy Use
5.3M GJ
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 327.3K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 330.5K tonnes of CO2e |
| 2021 | 326.4K tCO2e/year (2021) |
| 2020 | 284.1K tCO2e/year (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 8% decrease in Scope 1 and 2 emissions intensity from 2021
- 13% decrease in methane emissions intensity from 2021
- 16,785 tCO2e of pre- and post-combustion CO2 captured and sequestered in 2022
- No reportable spills impacting the environment
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce sites under active management and remediation by over 40% between 2021 and 2025
- Achieve 65% reduction in pneumatic emissions between 2021 and 2024
📅 Medium-term
- Achieve net-zero Scope 1 and 2 emissions (timeline uncertain due to government delays)
🌱 ESG Focus Areas
EnvironmentSocialGovernance