the paris agreement, oui
Chevron is working to advance the global net-zero ambitions of the Paris Agreement.
190+ countries have formally endorsed the paris agreement
performance will be the true measure
We support the Paris Agreement and are committed to addressing climate change while continuing to deliver energy that supports society. Climate policy should achieve emissions reductions as efficiently and effectively as possible, at the least cost to economies.
chevron goals to reduce carbon emissions intensity by 2028
Compensation for our executives and nearly all of our employees worldwide is tied to achieving these goals.
reduction in upstream methane emissions intensity (from 2016)
reduction in upstream natural gas net GHG emission intensity (from 2016)
reduction in upstream oil net GHG emissions intensity (from 2016)
reduction in upstream flaring intensity (from 2016)
Build up an integrated global carbon market that creates a level playing field and mitigates trade distortions. Incentivizing the lowest cost abatement on the widest scale possible is critical to mitigating climate change.
Support promising pre-commercial technologies designed to spur innovation and mitigation across all sectors of the economy. Research, development and deployment (RD&D) for pre-commercial technologies to enable scalable solutions that are economic without subsidy within a carbon pricing program.
Involve all sectors to maximize efficient and cost-effective reductions while allocating costs equitably, gradually and predictably; avoid duplicative and inefficient regulations; balance economic, environmental and energy needs.
Ensure transparency and efficiency in measuring and driving the lowest-cost emissions reductions. Policy benefits, costs and tradeoffs should be transparently communicated to the public.