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emissions solutions

laying the foundation to realize carbon capture’s potential

2 min read | march 27, 2024

Chris Powers, Chevron’s vice president of CCUS, speaks on a panel at CERAWeek.

Carbon capture, utilization, and storage (CCUS) is one way to help the world meet its lower carbon energy goals. Helping it succeed at scale will require innovation, partnership and policy.

That was the message Chris Powers, Chevron’s vice president of CCUS, gave at CERAWeek 2024.

why it matters

According to climate and energy experts, CCUS is an essential tool to help lower the world’s carbon intensity.

“We understand the importance of addressing climate change,” Powers said.

“We’re making progress every day toward developing ever-cleaner energy that’s also affordable and reliable. CCUS is needed to meet the goals of the Paris Agreement. It will be key in lowering the carbon intensity of harder-to-abate sectors like refining, power and cement.”

innovation and collaboration

Building foundational projects today will create businesses that can grow and scale over time. Companies need to continue to work with each other, governments and academic institutions to advance more carbon capture projects.
“No one organization can make global-scale CCUS a reality on their own,” Powers said. “That’s why we must collaborate. It’s important to work with federal, state and local agencies, as well as technology innovators, to find solutions that can scale.”

chris powers
vice president of CCUS

One way to work together is through policy. The right regulatory frameworks can help scale up this technology.

“Expansion depends on a stable and supportive policy environment,” Powers said. “Reliable, long-term market incentives, public infrastructure investments and streamlined permitting can dramatically accelerate growth.”

experience matters

Chevron has decades of experience with CCUS projects, including: 

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