Company Directory - Strathcona Resources Ltd.
Company Details - Strathcona Resources Ltd.
CCI Score
CCI Score: Strathcona Resources Ltd.
20.57
-0.02%
Latest Event
Strathcona Resources Ltd. Supports Rollback of Climate Policies
Strathcona Resources Ltd., along with other major oil and gas companies, signed a letter urging the Canadian government to repeal key environmental policies, including industrial carbon pricing. This move is seen as a bid to maximize short-term profits at the expense of long-term environmental sustainability, reflecting a troubling alignment with deregulation trends reminiscent of authoritarian economic practices.
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SABOTEUR
Strathcona Resources Ltd. is currently rated as a Saboteur.
Latest Events
- MAR212025
Strathcona Resources Ltd., along with other major oil and gas companies, signed a letter urging the Canadian government to repeal key environmental policies, including industrial carbon pricing. This move is seen as a bid to maximize short-term profits at the expense of long-term environmental sustainability, reflecting a troubling alignment with deregulation trends reminiscent of authoritarian economic practices.
- MAR192025
Strathcona Resources Ltd.'s CEO, Adam Waterous, joined other energy sector leaders in an open letter urging Ottawa to declare a national energy crisis and use emergency powers to streamline project approvals, deregulate oversight, and eliminate policies that hinder energy sector growth. This move reflects a deep engagement in political lobbying and calls for regulatory changes that could undermine democratic processes.
- JUL292024
Strathcona Resources Ltd.'s 2023 Sustainability Report outlines comprehensive efforts in sustainability, emissions reduction, technological innovation, corporate governance, and community and Indigenous engagement. The report demonstrates positive business practices, ethical responsibility, and commitment to leveraging technology for reduced environmental impact.
+80
Business Practices and Ethical Responsibility
March 19
The report details robust sustainability policies and ethical practices including workplace safety, community investment, and Indigenous relations. These initiatives reflect a strong commitment to responsible business practices and labor rights, aligning with progressive values that oppose oppressive practices.
+75
Technology and Services Impact
March 19
The report highlights significant technological investments, such as the Organic Rankine Cycle project and advanced emissions reduction techniques. These measures leverage innovation to lower environmental impact and demonstrate positive use of technology.
+50
Economic and Structural Influence
March 19
The report emphasizes strong corporate governance, transparency, and community investment. While there is limited discussion on economic engagements in politically sensitive contexts, the proactive governance and ethical financial practices warrant a moderately positive rating.
- MAY142024
Strathcona Resources released its 2023 Modern Slavery Report detailing robust measures to combat forced labor and modern slavery. The report outlines updated policies, rigorous supplier assessments, mandatory training, and clear internal grievance mechanisms, underlining the company's commitment to both ethical labor practices and supply chain due diligence.
+80
Labor Relations and Human Rights Practices
March 19
Strathcona Resources emphasizes treating workers with care and dignity. Their report details substantial labor practices, including modern slavery awareness training and a robust complaint mechanism, demonstrating a strong commitment to protecting labor rights.
+85
Supply Chain Ethics
March 19
The report demonstrates strong supply chain ethics with proactive measures such as detailed supplier assessments, updated contractual obligations, and continuous monitoring to mitigate modern slavery risks. These practices ensure that ethical sourcing is a core component of their operations.
- OCT252023
Strathcona Resources’ 2022 Sustainability Report details the company’s robust commitment to strong labor practices, ethical supply chain management, indigenous partnerships, and rigorous health and safety protocols. The report emphasizes internal improvements and community engagement efforts that reflect positive business practices and ethical responsibility.
+70
Labor Relations and Human Rights Practices
March 19
The report extensively details initiatives around workplace health and safety, employee training, and a supportive culture. Strathcona emphasizes robust health and safety management, proactive hazard identification, and continuous improvement in labor practices, indicating a strong commitment to human rights and worker safety.
+65
Supply Chain Ethics
March 19
The sustainability report emphasizes ethical supply chain practices, including strong indigenous contractor engagement and local supplier partnerships. These initiatives reflect a commitment to transparent and responsible sourcing, reinforcing the company's adherence to supply chain ethics.
- AUG012023
Strathcona Resources Ltd. has publicly detailed its compliance with Canada's Fighting Against Forced Labour and Child Labour Supply Chains Act as well as the Extractive Sector Transparency Measures Act, signifying its commitment to transparency and ethical supply chain practices.
+80
Supply Chain Ethics
March 19
Strathcona Resources has demonstrated adherence to key supply chain ethics by complying with legislation aimed at preventing forced and child labour. Their transparent reporting under the Extractive Sector Transparency Measures Act reflects a proactive stance in mitigating human rights abuses in their supply chain, a positive step in resisting exploitative practices in the extractive sector.
- DEC012022
Strathcona Resources Ltd. was fined $85,000 following safety failures in a December 2022 incident that resulted in a serious worker injury. This penalty highlights significant lapses in adhering to labor rights and worker safety protocols.
-40
Labor Relations and Human Rights Practices
March 19
The incident leading to a worker injury and the subsequent $85,000 fine underscore Strathcona Resources Ltd.'s failure to maintain adequate safety measures and labor standards. This breach of duty reflects poorly on the company's commitment to ethical labor relations and human rights practices.
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Industries
- 211120
- Crude Petroleum Extraction
- 213112
- Support Activities for Oil and Gas Operations
- 486110
- Pipeline Transportation of Crude Oil