Chevron Bows To Investor Pressure To Align Strategy With Paris Agreement
US-based oil and gas major Chevron has attempted to undercut a shareholder rebellion by announcing plans to align its business strategy with the Paris Climate Agreement, vowing to cut greenhouse gas emissions by 25% to 30%. However, the company’s promises do not fully meet investor demands.
Chevron published an update last Thursday to its 2019 Climate Change Resilience: A Framework for Decision Making report which outlines the company’s approach to mitigating climate change risks in its business and the company’s resilience under a low-carbon scenario. The crux of the company’s update is twofold, including an increase in voluntary disclosure on the company’s governance related to climate change issues, and further efforts to decrease its greenhouse gas emissions. Read Full Article - CleanTechnica, February 12, 2019