NEW YORK, Oct 11 — Chevron Corp today set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.
In June, shareholder Engine No. 1’s campaign forced Exxon Mobil Corp, Chevron’s U.S peer, to accept new board members who could better exercise oversight over its business strategy and confront the risk of global climate change that many investors say Exxon has long been reluctant to address. Emissions of greenhouse gas methane, the biggest cause of climate change after carbon dioxide, are facing more scrutiny as governments seek solutions to limit global warming to 1.5 degrees, a goal of the Paris climate agreement.
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