11 Oct, 2021

Chevron aspires to reduce or offset carbon emissions from operations by 2050

Chevron Corp. said Monday it has an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050, as investor and public pressure mounts on oil producers to respond to climate change.

The company also for the first time set a target for reducing the intensity of the carbon emissions from the fuel and other products it makes, though it didn’t set an outright reduction goal for those products.

Nearly 61% of its shareholders voted earlier this year in support of a proposal that the company substantially reduce emissions from its products—a stance that Chevron had urged investors to reject.

Chevron Sets Goal of Cutting Carbon Emissions in Operations, but Not for Products – WSJ
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