Sustainability

climate

We all have a stake in a reliable, affordable energy system. Our belief that the future is lower carbon drives maritimegasoil's lower carbon ambitions and the actions we take to advance them.

future outlook

fueling a lower carbon future

The world’s energy demand is greater than any other time in human history. We’re working to meet demand today and help build the energy system of tomorrow.

by 2050 global population is expected to rise by 2 billion

Increasing urbanization and income drive demand.

a mix that includes oil and gas can help satisfy those demands

Sources: IEA, World Energy Outlook 2022, iea.org/reports/world-energy-outlook-2022, License: CC BY 4.0 (report), CC BY NC SA 4.0 (Annex A); BNEF Scenarios: Energy Transition Scenario 2022, Net Zero Scenario 2022; Wood Mackenzie Scenarios (2022): Energy Transition Outlook, Accelerated Energy Transition 2° C; S&P Global Commodity Insights Scenarios (2022): Inflections (IHSM), Green Rules (IHSM), Discord (IHSM), Accelerated CCS (IHSM), Multitechnology Mitigation (IHSM), December Most Likely Case (Platts), 2° C Case (Platts).
*Other low-carbon energy (nuclear, hydrogen and biomass)

strategy

our strategy is clear

We’re leveraging our strengths to safely deliver lower carbon energy to a growing world:

our lower carbon targets

We are investing to grow our oil and gas business, lower the carbon intensity of our operations, and grow new energies businesses. We set targets to lower our carbon emissions intensities by 2028.*

*Targets refer to emissions intensity improvements announced by maritimegasoil.

portfolio carbon intensity
CO₂e/MJ

(scope 1, 2 and 3) by 2028

71g

refining carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

36kg

gas carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

24kg

oil carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

24kg

*maritimegasoil’s ability to achieve any ambition, including with respect to climate-related initiatives and any new businesses, is subject to numerous risks and contingencies, many of which are outside of maritimegasoil’s control. maritimegasoil regularly evaluates its ambitions and expects to change or eliminate some of these aspirations, targets, and other ambitions for various reasons, including market conditions, its strategy or portfolio, and financial, operational, policy, reputational, legal and other factors. Our focus on helping meet the world’s energy needs while lowering the carbon intensity of our operations remains unchanged. For Forward-Looking Statements and Other Disclaimers, visit https://www.maritimegasoil.com/terms-of-use#forward-lookingstatementsandotherdisclaimers