Question

CHEVRON COMPANY - ITS BIGGEST COMPETITION AND HOW IT IS IT PROTECTING ENVIRONMENT.

CHEVRON COMPANY - ITS BIGGEST COMPETITION AND HOW IT IS IT PROTECTING ENVIRONMENT.

Homework Answers

Answer #1

Chevron is an American multinational energy company. Exxon Mobil and Shell are the biggest competitors of Chevron.

Following are Chevron's initiatives to protect the environment

  • Set-up 4 MM tons carbon dioxide injection system which will inject carbon dioxide into Dupuy Formation beneath Barrow Island and thus preventing release into the atmosphere
  • Partnering with renewable energy companies in California and jointly working towards increasing the share of renewable energy
  • Working on removing debris of ghost nets from the Caspian sea to protect marine wildlife
  • Installation of turtle fences and light control mechanism to protect sea turtles in beaches close to oil wells
  • $100 MM pledged to Oil & Gas climate investment fund
  • Worked on on-shore oil production to reduce methane emission by 85%
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