Chevron seeks environmental certification for its North American production

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Feb 23, 2022
Reuters

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 climate technology company that offers an enterprise emissions data platform that helps companies identify, measure, understand, and act to reduce emissions across the energy value chain. Given its outsized impact, the Company started with methane and has since expanded to other greenhouse gasses. Project Canary’s mission is to Measure It — leveraging sophisticated software solutions to help companies improve and report on their emissions footprint. They do this by building high-fidelity sensors, ingesting data from various other technologies and sources, characterizing the accuracy of such emissions data, and deploying advanced physics-based AI-powered models to identify leaks and quantify emissions.
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