Energy giant Chevron Corporation (CVX) recently announced that it has set a target to achieve net-zero carbon emissions by 2050. To this end, the company has adopted a 2050 net-zero aspiration for equity upstream Scope 1 and 2 emissions. Following the news, shares of the company declined marginally to close at $107.05 on Monday. The company’s new Portfolio Carbon Intensity (PCI) target is in tune with its strategy to allow the smooth running of its traditional businesses, provided they are carbon-efficient, and enable growth in lower-carbon businesses. Further, the PCI target will also help with transparent carbon accounting and company comparison from publicly available data.
https://www.tipranks.com/news/chevron-targets-to-achieve-net-zero-carbon-emissions-by-2050?utm_source=advfn.com&utm_medium=referral
Chevron (NYSE:CVX)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Chevron Charts.
Chevron (NYSE:CVX)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Chevron Charts.