Chevron commits to net zero emissions by 2050

Chevron Corp on Monday set a target to cut certain types of upstream gas emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.

The move to cut upstream scope 1 and 2 gas emissions comes amid rising pressure on energy companies from investors, activists and governments to join the fight against climate change and sharply cut greenhouse gas emissions by mid-century.

Chevron last month pledged to triple its investments to $10 billion on reducing its carbon emissions footprint through 2028.