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Chevron Has Reality Check for ‘Aspirational’ Carbon Targets

  • CEO Wirth prefers ‘concrete actions’ to multi-decade targets
  • BP vowed to become carbon neutral by 2050, in line with Paris
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Mike Wirth didn’t beat around the bush Tuesday: Chevron Corp. won’t go carbon neutral anytime soon.

Wirth, chief executive officer of the second-largest U.S. oil company, called the goals set by many European rivals “aspirational.” Instead, he said, Chevron will take a more realistic path for a major producer of fossil fuels with “concrete actions” to reduce carbon emissions within its own operations.