emissions solutions explainer: what is carbon intensity?
1 min read | november 22, 2022
Workers walk on a dirt road toward a wellhead in Greeley, Colorado.
Energy insiders often use the phrase “carbon intensity,” but for many of us it’s unfamiliar. Simply put, carbon intensity is a measure of carbon dioxide and other greenhouse gases (CO2e) per unit of activity, like generating a product.
more on that
Chevron’s upstream carbon intensity (UCI) metric is used to measure the emission intensity of oil and gas production.
- Our metrics are equity based, meaning they reflect our share of emissions from assets we own and operate as well as our nonoperated joint ventures.
- Our UCI is based on the amount of CO2e generated in the production process through to our point of sale.
what we’re working on
To date, we have identified nearly 100 potential projects to further lower our greenhouse gas intensity.
- In 2021, we made progress on 36 of them, completing five.
- For 2022, we earmarked more than $300 million on similar projects and anticipate an approximately $2 billion total spend through 2028.
Read more in Chevron’s 2021 Climate Change Resilience report.
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