U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.
Source: Reuters
The company said it would invest some $3 billion into lowering emissions between now and 2028 – a figure it expected to grow. Chevron’s shareholders in May voted in favor of a proposal to cut emissions generated by the use of its products.
