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Chevron’s CEO says “action over pledges” will deliver higher returns, lower carbon

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.

The C3 Take
  • 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.’”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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