Feb 23, 2022
Chevron Corp (CVX.N) said on Wednesday it would begin a pilot project to seek certification for the environmental performance of its North American upstream region.
The oil major said it would carry out the project with Project Canary, a Denver, Colorado-based data company that tracks environmental, social and governance (ESG) scores of energy firms.
The two companies expect the process to begin in the first half of this year.
Chevron in October set a target to cut operational emissions to net zero by 2050 amid increasing governmental and investor pressure to join the fight against climate change. read more
U.S. gas producers hope climate-conscious utilities and gas exporters will pay a premium for what they call “greener gas” that has been certified as coming from low-emission operations or from renewable sources such as landfills.
About Project Canary
Project Canary is a SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies’ laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions. www.projectcanary.com