Chevron announces new oil and gas emission reduction goals

Houston Chronicle | Jordan Blum | October 3, 2019

Chevron said Thursday it will adopt new goals to reduce its greenhouse gas emissions from its oil and gas production by 2023.

The California-based energy major aims to cut its emissions from crude oil production by 5-10 percent and its methane emissions from natural gas production by 2-5 percent from 2016 to 2023. The 2016 start date gives Chevron a significant head start on achieving its goals.

For instance, in the booming Permian Basin, Chevron in recent years already has reduced its flaring of methane from natural gas production from about 4 percent down to 1 percent - better than industry averages in the region.

Chevron said Thursday it will adopt new goals to reduce its greenhouse gas emissions from its oil and gas production by 2023.

The California-based energy major aims to cut its emissions from crude oil production by 5-10 percent and its methane emissions from natural gas production by 2-5 percent from 2016 to 2023. The 2016 start date gives Chevron a significant head start on achieving its goals.

For instance, in the booming Permian Basin, Chevron in recent years already has reduced its flaring of methane from natural gas production from about 4 percent down to 1 percent - better than industry averages in the region.

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