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
UK includes aviation and shipping in emissions targets
21 October 2021
The country’s recently published Net Zero Strategy aims to reduce transport emissions by 22-33pc by 2030 and 46-59pc by 2035 compared with 2019 levels
UK to unlock £90bn transition investment by 2030
20 October 2021
Renewables, CCS, nuclear and hydrogen are all earmarked for government support, according to a recently published strategy
Iraq’s two months in the sun
19 October 2021
Baghdad has recently pulled off a string of deals promising a manyfold expansion in solar capacity
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video