Chevron decarbonization
The company has set a greater than 5 percent carbon emissions intensity reduction target from 2016 levels by 2028. This target is aligned with Chevron’s strategy which allows flexibility to grow its traditional business, provided it remains increasingly carbon-efficient, and pursue growth in lower-carbon businesses.
As the photovoltaic (PV) industry continues to evolve, advancements in Chevron decarbonization have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Chevron decarbonization]
Will Chevron be a leader in a lower carbon future?
SAN RAMON, Calif., September 14, 2021 — During its Energy Transition Spotlight, Chevron Corporation (NYSE: CVX) announced plans to invest more capital to grow lower carbon energy businesses. “Chevron intends to be a leader in advancing a lower carbon future,” said Michael Wirth, Chevron’s chairman and CEO.
Does Chevron have a climate resilience plan?
San Ramon, Calif., October 11, 2021 — Chevron Corporation (NYSE: CVX) issued an updated climate change resilience report that further details the company’s ambition to advance our lower carbon future. Chevron adopted a 2050 net zero aspiration for equity upstream Scope 1 and 2 emissions.
How will Chevron achieve its target?
Chevron expects to achieve its target through its pivot towards low carbon business including renewables, carbon capture technology and hydrogen.
What are Chevron & era collaborating on?
HOUSTON & TOKYO -- (BUSINESS WIRE)--Nov. 7, 2022-- Chevron Corporation (NYSE: CVX), through its Chevron New Energies business, and JERA are collaborating on multiple lower carbon opportunities – including production; carbon capture, utilization, and storage; and new technology commercialization – focused on the U.S. and Asia Pacific region.
Does Chevron have a net-zero emissions target?
A Chevron gas station sign in Del Mar, California. REUTERS/Mike Blake Purchase Licensing Rights Sept 14 (Reuters) - Chevron Corp (CVX.N) on Tuesday pledged to triple to $10 billion its investments to reduce its carbon emissions footprint through 2028, while saying it was not yet ready to commit to a 2050 net-zero emissions target.
Will Chevron & CCS co-develop lower carbon fuel in Australia?
The companies have signed a Joint Study Agreement to explore the potential co-development of lower carbon fuel in Australia and will conduct a feasibility study expected to be completed in 2023. Lower carbon fuel supplies to be produced in the region would seek to leverage Chevron’s LNG and CCS knowledge and experience.