17 tracked facilities, ≈21,366,289 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil refining.
| Metric | Value | Note |
|---|---|---|
| Facilities tracked | 17 | with CO2 estimates |
| Total est. CO2 | 21,366,289 t/yr | Climate TRACE 2023 |
| Average per facility | 1,256,841 t/yr | |
| Gross value (full price) | €1,710M/yr | all tracked CO2 × €80.01/t EUA — before free allocation / EU-bound share |
Carbon pricing here: Industrial OBPS systems continue (≈C$80/t trajectory, 2025); consumer fuel charge removed Apr 2025. Current benchmark: no liquid market price. Full country page: carbon price in Canada.
| # | Facility | Owner | t CO2/yr (est. 2023) | Indicative value |
|---|---|---|---|---|
| 1 | Irving Oil Saint John Refinery | Irving Oil Ltd | 4,360,824 | €348.9M |
| 2 | Valero Jean-Gaulin Refinery | Valero Energy Corp | 2,459,580 | €196.8M |
| 3 | Imperial Oil Strathcona Refinery | Exxon Mobil Corp | 1,955,920 | €156.5M |
| 4 | Suncor Edmonton Refinery | Suncor Energy Inc | 1,924,810 | €154.0M |
| 5 | Suncor Montreal Refinery | — | 1,870,058 | €149.6M |
| 6 | Imperial Oil Sarnia Refinery | Exxon Mobil Corp | 1,625,111 | €130.0M |
| 7 | Shell Scotford Refinery | Shell PLC | 1,502,934 | €120.2M |
| 8 | Federated Co-operatives Limited Refinery Complex | Federated Co-operatives Ltd | 1,271,348 | €101.7M |
| 9 | Imperial Oil Nanticoke Refinery | Exxon Mobil Corp | 1,118,169 | €89.5M |
| 10 | Shell Corunna Refinery | Shell PLC | 848,610 | €67.9M |
Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.
Boilers, kilns, heat exchangers, valves and steam lines lose energy continuously. Inzonex makes Inzonex Modular Insulation — snap-fastened modules engineered per temperature tier, not generic off-the-shelf jackets:
Every tonne you stop emitting is a tonne you don't have to report: cutting heat loss is a measurable, auditable Scope 1 reduction that flows straight into EU ETS, CBAM and your ESG / CSRD disclosures — not an offset, an actual emission cut.
