On Monday, Chevron Corp. announced its commitment to net-zero operational emissions by 2050 following some other energy companies.
Chevron aims to cut carbon emissions intensity by more than 5% by 2028 from 2016 levels.
The company will cut upstream emissions from its own operations and indirect emissions such as those from power generation. The goals do not include greenhouse gases from all fuel products that the company sells, different from its European oil peers.
Instead, Chevron plans to achieve its target via its pivot towards low carbon business including renewables, carbon capture technology, and hydrogen.
The decision came following the increasing pressure from investors and governments to join the fight against climate change.
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Published on October 12, 2021 3:59 PM (GMT+8)Last Updated on October 12, 2021 3:59 PM (GMT+8)
