Chevron Corporation
09/22/2022 | Press release | Distributed by Public on 09/22/2022 10:06
keeping methane where it belongs
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methane managementkeeping methane where it belongs
Reducing methane emissions requires all hands on deck - oil companies, governments, people living day-to-day. Chevron's blueprint embraces new technology, innovative facilities and improved procedures. It's a plan we believe will help our industry reduce methane intensity.
methane management mattersboth natural and human-driven, methaneclick to learn moreis a powerful, invisible greenhouse gasclick to learn morepreventing and reducing methane emissionsclick to learn morenow is crucial in the journey to a lower carbon future
methane 101
Methane is a colorless, odorless gas that comes from natural sources such as wetlands and human-influenced sources, including agriculture and the oil and gas industry.
Methane management is critical in the journey to a lower carbon future.
methane strength
While they're both greenhouse gases, methane is more potent than CO2 - 25x over a 100-year period1.
learn more about methane1 The AR4 100-year Global Warming Potential (GWP-100) assigns a GWP of 25 to convert the mass of methane to its carbon dioxide-equivalent value. 2021 Climate Change Resilience Report
a lower carbon future
We're committed to lowering methane emissions intensity. The proof: a 2028 methane target of 2 kilograms CO2-equivalent per barrel - a 50% reduction from 2016 . And by 2030, Chevron will have eliminated routine flaring.
our solutionwe're continuously working to stay ahead of the curve. forging partnerships.click to learn moretesting and applying technologiesclick to learn more.
forging partnerships
Chevron is the co-founder of The Environmental Partnership, which has conducted over 1,200,000 leak detection surveys since 2018.The Collaboratory to Advance Methane Science addresses methane emissions along the entire value chain, from production to end use. Project Canary, a data analytics company that provides environmental assessments within the energy sector, analyzed 85 of our wells.
project canary resultstechnologies
From the surface to sky - several proactive approaches are expanding methane-detection and reduction capabilities.
learn more about technology
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In 2020, we were 85% belowclick to learn morethe US industry average in methane emissions intensity and are constantly striving to improve
trailblazing for positive change
Chevron is lowering methane emission intensity and has been implementing leading practices in methane management since 2016.
learn how operations can reduce carbon emissionsour plan
The more emissions found, the more that can be fixed and predicted. That will allow for prevention at scale.
Design new facilities to better prevent methane leaks, and retrofit existing facilities.
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Work to adopt a methane leak elimination mindset and deploy best practices.
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Work to deploy improving sensor technology to confirm absence of outlier events and report our results externally.
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our positionswith clear performance standardsclick to learn more, new techclick to learn moreand using best practicesclick to learn more, togetherclick to learn morewe can lower methane emissions
standards
Policy should set appropriate methane metrics while providing flexibility for companies to determine the optimal way to meet those metrics.
tech
Policy should flexibly incorporate new and future technologies, such as aerial and drone monitoring, that can identify and address methane emissions most effectively.
best practices
Methane emissions are disproportionately concentrated among a small number of operators, sites, and equipment. Reasonable minimum equipment standards help ensure all operators are working to curtail methane emissions.
together
Improving methane performance is important for oil and natural gas (28 percent of U.S. methane emissions), as well as other sectors, which make up the remaining 72 percent. Policy should apply to all key sectors.
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