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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK oil and gas could miss 2030 emissions reduction target – OGA
18 October 2021
Regulator urges industry to ramp up efforts to electrify infrastructure and stop routine flaring to meet 50pc emissions target
Strong policy push needed to reduce oil and gas demand
14 October 2021
Mismatch between tightening supply and continued demand will result in continued volatility unless action taken on demand side, says IEA report
US to offer up to seven offshore wind leases by 2025
14 October 2021
Government aims to fire up key renewables sector with increased certainty and transparency for potential developers
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video