Reaction Paper on Global Warming

At Chevron, we recognize and share the concerns of governments and the public about climate change. There is a widespread view that the increase in atmospheric greenhouse gases (GHGs) is a contributor to climate change, with adverse effects on the environment.

Guided by our Seven Principles for Addressing Climate Change, Chevron is working internationally and at the U.S. federal and state levels to contribute to climate change policy discussions. Our stance reflects a balanced approach to addressing climate change through short and long-term measures. As we work to reduce GHGs, our collective challenge is to create solutions that protect the environment without undermining the growth of the global economy. We believe that a successful climate policy will be one in which the reduction of GHGs is accomplished equitably by the top emitting countries of the world through long-term and coordinated national frameworks.

Carbon Sequestration Chevron participates in the Carbon Sequestration Leadership Forum, an international climate change initiative focused on development of improved, cost-effective technologies for the separation and capture of carbon dioxide.

In the 2012 CDP (formerly known as the Carbon Disclosure Project) report, we ranked in the top tier of the energy sector. CDP conducts an annual global review of companies' climate change disclosures and performance. Our score of 88 was two points higher than last year, revealing that we are on the right track when it comes to managing and reducing emissions.

Investing in Research, Development and Technology Chevron also supports research to explore technologies that may reduce emissions or improve efficiency. Through our Chevron Technology Ventures (CTV) business unit, we identify, develop and commercialize emerging technologies that have the potential to transform energy production and use. CTV’s portfolio includes biofuels, emerging energy and investments in startups designing technology valuable to Chevron.

To learn more about our GHG management efforts, read Additional Information on Chevron's Greenhouse Gas Management Activities (192 KB).

Updated: May 2013