Climate Change Data

Athabasca Oil Corporation

Climate Impact & Sustainability Data (2020, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.08 tonnes Co2e/boe in 2020

ESG Focus Areas

  • Greenhouse gas emissions
  • Water recycling
  • Safety
  • Community investment
  • Indigenous relations
  • Lower carbon future

Environmental Achievements

  • 20% reduction in emission intensity since 2015
  • ~250,000 tCO₂e/year mitigated GHG emissions
  • 86% Corporate Water Recycle Rate (2020)
  • 90% Water Recycle Rate in Thermal Oil

Social Achievements

  • 2020: 0.1 TRIF, no lost time injuries & 0 reportable spills
  • ~$500,000 donations to AOC’s communities (2015-20)
  • Partnership with Mikisew Cree First Nation and Government of Alberta to establish Kitaskino Nuwenëné Wildland Provincial Park Expansion

Governance Achievements

  • Independent Board oversight for long-term strategy and ESG targets
  • ESG goals incorporated in AOC’s annual compensation scorecard
  • Robust corporate policies govern day-to-day operations

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Prepare a roadmap for lower carbon future including carbon capture use & storage, cogeneration, solvent injection and renewables
Short-term Goals:
  • Reduce emission intensity by 30% (2015  2025)
  • Top tier safety results (<0.5 TRIF in 2021); aspiration of no harm to people and no hydrocarbon spills

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • GHG Intensity
  • Carbon Capture and Storage
  • Safety
  • Indigenous Relations
  • Board Governance with ESG
  • Disclosures

Environmental Achievements

  • Reduced Scope 1 emissions intensity by 30% from our 2015 baseline by 2025

Social Achievements

  • Completed Indigenous cultural awareness training for executives, leadership and key team members in 2022

Governance Achievements

  • Incorporate ESG goals into capital allocation decisions

Climate Goals & Targets

Medium-term Goals:
  • Advance the investment decision on the carbon capture and storage project with Entropy Inc.
Short-term Goals:
  • Reduce Scope 1 emissions intensity by 30% from our 2015 baseline by 2025

Environmental Challenges

  • Climate Change and Carbon Pricing Risk
  • Supply chain disruptions
  • Transportation Constraints and Market Access
Mitigation Strategies
  • Evaluating technologies aimed at delivering responsible energy production with lower carbon intensity
  • Advancing carbon capture and storage technology at its Leismer project
  • Developing alternative sourcing strategies

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • extreme weather conditions
Transition Risks
  • regulatory changes, market shifts
  • growing anti-fossil fuel sentiment
Opportunities
  • development of energy-efficient products
  • carbon capture and storage technology

Reporting Standards

Frameworks Used: Global Reporting Initiatives, Sustainability Accounting Standards Board (SASB), Task Force on Climate-Related Financial Disclosure (TCFD)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Safety
  • Climate Change

Environmental Achievements

  • Maintained a strong safety record with a 0.31 Total Recordable Injury Frequency and no reportable hydrocarbon spills in 2023.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Uncertainty around future federal legislation harmonizing with provincial regulation, and the timing and effects of regulations on GHG emissions and other air pollutants.
  • Climate change regulation at both the federal and provincial level has the potential to significantly affect the regulatory environment of the crude oil and natural gas industry in Canada.
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Seasonality and weather conditions, which may be impacted by climate change
Transition Risks
  • Climate change regulation at both the federal and provincial level has the potential to significantly affect the regulatory environment of the crude oil and natural gas industry in Canada.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed