ENVIRONMENT   2018 2019
Greenhouse gas emissions, direct (scope 1) tonnes CO2e 537,456 na
Intensity of greenhouse gas emissions, direct (scope 1) tonnes CO2e/m3 0.1078 na
Greenhouse gas emissions, indirect (scope 2) tonnes CO2e 171,486 na
Intensity of greenhouse gas emissions, indirect (scope 2) tonnes CO2e/m3 0.0344 na
Total gas flared e3m3 15,831 na
Total gas vented e3m3 582 na
Nitrogen oxides (NOx) tonnes NOx 3,961 na
Sulphur dioxide (SO2) tonnes SO2 1,505 na
Methane emissions tonnes CH4 3,860 na
Fresh water withdrawal m3 730,000 na
Non-potable water withdrawal m3 0 na
Releases - number of regulatory reportable spills # 32 21
Releases - volume of regulatory reportable spills m3 424.8 69.5
Well reclamation certificates received # 41 87
Decommissioning expenditures(2) $M 29,390 43,406


Policies and Stewardship:

  • Paramount’s environmental policies and programs are overseen by the Environmental, Health and Safety Committee of our Board of Directors. Paramount's key health and safety polices, programs and practices are described in our Annual Information Form and on our website.


  • Paramount actively monitors fugitive emissions at all operated wells, pipelines, and facilities in accordance with provincial regulations.
  • Paramount maintains a Methane Reduction Retrofit Compliance Plan designed to lower methane emissions in accordance with Directive 60 of the Alberta Energy Regulator.
  • In 2018 and 2019 Paramount replaced approximately 1,700 high-bleed controllers at various sites with modern low-bleed units. These low-bleed controllers are expected to eliminate approximately 120,000 tonnes of GHG emissions annually from these locations (some of which were sold in December 2019).


  • Paramount has a dedicated Water Management team responsible for developing short- and long-term strategies of sourcing water in an environmentally responsible way.
  • Paramount collaborates with energy industry partners to reduce the footprint necessary for water storage.

Land & Reclamation:

  • Paramount participates in the Area Based Closure program introduced by the Alberta Energy Regulator that allows companies to approach abandonment and reclamation activities in an efficient and cost-effective manner by targeting efforts in a concentrated area.
  • Paramount’s strategy is to utilize the advantages of the Area Based Closure program by focusing its abandonment and reclamation activities on the Hawkeye field, which was shut-in in 2018, and the Zama field, which was shut-in in 2019.

(1) No single industry standard system for calculating and aggregating GHG, NOX, SO2 emissions and other sustainability metrics exists. Therefore, such information may not be comparable with similar information reported by other companies. Paramount’s current NOX, SO2 and GHG emissions have been reduced from 2018 levels as a result of a number of steps taken by the Company in 2019 which included the permanent shut-in of legacy operations at Zama and Hawkeye and the disposition of the Company’s Karr 6-18 gas processing facility and a significant number of non-core wells and facilities in the Central Alberta Region and the continuation of the program to install low-bleed controllers at remaining sites. These GHG, NOX and SO2 emission reductions will be captured in further updates to this report.
(2) Abandonment and reclamation spending plus area closure costs.
na – Data not available at this time.