Chevron this week set out plans to invest $10 billion on new carbon-reducing businesses through 2028, tripling the amount it previously planned to spend. But it left the biggest climate question that is hanging over the oil supermajor unanswered.

In May, the company’s shareholders voted against Chevron’s management in a motion calling on it to set targets to cut its scope 3 emissions—a broad measure of the carbon pollution from the fuels it sells. Somewhat bafflingly, Chevron did not address the issue in its first-ever “energy transition spotlight” event, saying only that it would respond to the vote in October when it releases an updated climate report.

Instead, the company set out new higher spending targets for things like carbon capture and storage, hydrogen and renewable diesel. Chevron said its low-carbon strategy would move at a measured pace and focus on decarbonising heavy industry and parts of the economy it argues cannot easily be electrified.

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