Energy & Science
Chevron CEO Sees Path to Net-Zero, Warns on Tech, Policy Hurdles
- CEO Wirth sees carbon-intensity reductions as trek toward zero
- Some endeavors will need scientific, political breakthroughs
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Chevron Corp. took a step closer to the climate policies staked out by its largest European rivals as Chief Executive Officer Mike Wirth laid out a “pathway” toward net zero emissions in the coming decades.
For the first time, the U.S. oil giant said it intends to pursue a continuous journey toward achieving net zero carbon emissions from its own operations, though it sees major technology and policy hurdles along the way. The company also set out new targets to lower emissions per barrel pumped by a third over the next seven years.