SOURCE: Chevron Corporation
DESCRIPTION:
The future is lower carbon and we have a vital role to play.
Additional oil and gas supply will be needed to meet rising energy demand over the next 20 years— including in scenarios aligned with the Paris Agreement and UN Sustainable Development Goals.
The International Energy Agency’s (IEA’s) Sustainable Development Scenario (SDS) projects that oil and gas will make up nearly half of global energy supply in 2040.
Reducing the carbon intensity of the energy billions of people rely on every day is a tremendous opportunity to advance the global net-zero ambitions of the Paris Agreement.
Chevron is a leader in reducing carbon intensity.
Chevron is in the bestperforming quartile of all oil and gas producers in
producing energy at a carbon intensity well below the
average of the global system.*
*Based on a comparison to IEA, World Energy Outlook 2018 data.
Driving Results and Delivering Progress
We support a price on carbon.
We work to shape well-designed, inclusive carbon pricing as the best approach to reducing emissions.
We support the Paris Agreement.
We support the findings of the Intergovernmental Panel on Climate Change (IPCC) and are working to advance the global net-zero
ambitions of the Paris Agreement.
We build partnerships to achieve impact.
We build and strengthen partnerships with those who have shared aspirations and where our combined strengths can have a tangible impact on delivering a lower-carbon future.
We aim to lead in transparency.
We hold ourselves accountable and transparently communicate progress on our performance in alignment with the Task Force
on Climate-related Financial Disclosures (TCFD) and Sustainable Accounting Standards Board (SASB). We equip stakeholders
with data and facts so they can make informed contributions to reduce their own carbon emissions.
We help enable commercial solutions.
We will focus on pursuing innovations and opportunities that enable low-carbon technologies to achieve commercial scale.
We aim to shape a lower-carbon economy for all.
We will work to support emerging technologies that help more stakeholders participate in a lower-carbon economy.
Read more about Chevron’s role in advancing a lower carbon future.
KEYWORDS: NYSE:CVX, Chevron, low-carboon future
