Related Articles
Chevron believes CCS and offsets will be needed
Forward article link
Share PDF with colleagues

Chevron sets net-zero 2050 target for upstream emissions

Firm also sets 2028 scope three emissions reduction target of 5pc below 2016 baseline by 2028

US oil major Chevron has adopted a net-zero target for its scope one and scope two greenhouse gas emissions as well as a target to reduce scope one, two and three emissions by at least 5pc below a 2016 baseline by 2028. The firm says achieving upstream net-zero emissions by 2050 is reliant on continuing progress on carbon capture and storage (CCS) and nature-based offsets, as well as enabling government policy. The firm has issued a report outlining exactly how it intends to achieve these goals. “This report offers further insights about our strategy, how we are investing in lower-carbon businesses and why we believe this is an exciting time to be in the energy industry,” says Michael Wir

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Greening of UK power system gathers pace
3 December 2021
Lenders back phase three of £9bn Dogger Bank offshore windfarm, and power distributor proposes £4bn clean energy overhaul
Module price surge wrongfoots Chinese solar firms
2 December 2021
Solar module prices up 28pc this year on the back of soaring feedstock costs, conference delegates say
Renewables pairing drives China energy storage growth
2 December 2021
Mid-decade storage target within reach despite challenging business model, conference delegates say
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video