Chevron Adopts Operational Net Zero ‘Aspiration’ by 2050
- Chevron includes customer emissions in targets for first time
- Higher output possible under new targets but must be cleaner
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Chevron Corp. committed to an “aspiration” of net zero emissions from its operations by 2050 as the company responds to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future.
Chevron also set a target of reducing carbon intensity by 5% from 2016 levels by 2028 for the full lifecycle of its products, the San Ramon, California-based company said Monday in a report. The target includes Scope 3 emissions, or those of its customers, which make up the majority of fossil fuel pollution.