Kevin Crowley and Caroline Hyde of World Oil report that Chevron’s CEO, Mike Wirth, believes actions over pledges will deliver higher returns and lower carbon.
- Unlike some of its other competitors such as Shell, Chevron has not announced a comprehensive pledge to lower carbon.
- Instead, Wirth has made a simple promise: higher returns and lower Co2 emissions.
- One way in which Chevron will lower its emissions is by reducing methane leaks.
“‘We favor action over pledges,’ Wirth said. ‘Long-dated pledges where we really don’t know how we’ll get to the end of the road are something that we’ve been a little bit careful about.’”
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