Chevron shares the concerns of governments and the public about climate change risks and recognizes that the use of fossil fuels to meet the world’s energy needs contributes to the rising concentration of greenhouse gases (GHGs) in Earth’s atmosphere. GHGs contribute to increases in global temperatures. We apply cost-effective technologies to improve the energy efficiency of our base business operations and capital projects. As we work to address climate risks, we must create solutions that achieve environmental objectives without undermining global economic growth and our aspirations for a better quality of life for all.
At Chevron, we conduct inventories of our emissions, undertake projects to reduce emissions, and apply innovative technologies to improve the energy efficiency of our operations. Learn how we’re addressing climate change:
We support a balanced approach to addressing climate change through short and long-term measures. We believe that a successful climate policy will be one in which GHG management is accomplished equitably by the top emitting countries of the world through long-term and coordinated national frameworks.
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Greenhouse gas management
We strive to both manage our GHG emissions and support the growth of the global economy.
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Managing climate change risks
Chevron utilizes a number of processes to manage risk, including risks that may be associated with climate change. These include Enterprise Risk Management, Strategic and Business Planning, Portfolio Management, and assessments of commodity pricing.
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Renewable energy and emerging technology
We believe alternative and renewable energy sources will play a role in meeting future energy demand. How large a role depends on many factors, including advances in technology, public acceptance and economic viability.
We strive to use energy as efficiently as possible in our own operations. Using energy more efficiently helps reduce carbon emissions, lower energy costs and preserve our finite natural resources.
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Did you know? Energy efficiency is one of our most economical sources of new energy.
Energy efficiency has been the primary factor in driving down energy consumption in International Energy Agency (IEA) countries over the last decade. According to the International Energy Agency’s Energy Efficiency Market Report 2015, energy efficiency investments in IEA countries since 1990 has helped these countries avoid consuming 520 million tonnes of oil equivalents in 2014.learn more about energy efficiency