Chevron Aligns Strategy With Paris Deal But Won't Cap Output

Chevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting.

The U.S. oil major pledged to reduce air pollution intensity by 25 to 30 percent by 2023, as recommended in the Paris agreement that took effect in 2016. The target applies across the company’s global portfolio, including assets in which it owns stakes but is not lead operator. The metric will also be a factor in determining employee bonuses, Chevron said in a report published Thursday. Read Full Article - Bloomberg, February 7, 2019