Chevron Sets Net Zero 'Aspirations' by 2050

California-based oil major Chevron Corp. committed to an “aspiration” of net zero emissions from its operations by 2050 amid mounting investor and societal pressure to fight climate change.

Alongside the publication of its updated climate change resilience report on Oct. 11, Chevron announced a 2050 net zero aspiration for equity upstream Scope 1 and 2 emissions that the company said builds on its disciplined approach to target setting and action.