- Unfavorable price movements in 2023 impacting oil trading business.
- Thin margins or losses faced by some oil refineries, leading to scaled-down production.
- Uncertainties in Utah Gas and Oil Field (worker turnover, construction schedule, equipment procurement and transportation).
- Growing tensions in Sino-American relations.
- Fluctuations in global supply and demand impacting oil and natural gas prices.
- Material uncertainty related to going concern due to net loss and high short-term liabilities.
CHK Oil Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, CHK Oil Limited disclosed greenhouse gas emissions of 26.59 tCO2e/year. By scope: Scope 1: 2.33 tCO2e/year; Scope 2: 16.48 tCO2e/year; Scope 3: 7.78 tCO2e/year. 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
26.59 tCO2e/year
2023
Water Usage
752.00 m3/year
2023
Waste
0.19 tons/year
2023
Energy Use
39.8K kWh/year
2023
📊 Emissions by Scope (2023)
| 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). | 2.33 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.48 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 7.78 tCO2e/year |
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 |
|---|---|
| 2023 | 26.59 tCO2e/year |
| 2022 | 68.38 tCO2e/year |
| 2021 | 124.40 tCO2e/year |
| 2020 | 21.6 tCO2e/year |
| 2019 | 50.7 tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Decreased intensity of NOx, SOx, and PM emissions.
- Decreased total GHG emissions.
- Decreased total non-hazardous waste produced (though intensity increased due to revenue decline).
- Decreased total energy consumption intensity.
- Switched heating source in PRC offices to municipal heating network.
- Implemented various green commuting options.
- Implemented paper-saving measures.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Gradually reducing the intensity of air emissions, GHG emissions, non-hazardous wastes, and energy consumption in the next five years.
- Replacing all company vehicles with electric vehicles by 2025.
- Replacing all office lighting with LED lights by 2025.
🔭 Long-term
- Transforming into an integrated energy company by exploring investments in renewable and lower-carbon alternatives.
🌱 ESG Focus Areas
Corporate governanceEnvironmental protectionEmployment practicesOperating practicesCommunity investment