Does Chevron support national mandated legislation or regulation around greenhouse gas reductions?
A. We support the intentions of governments to reduce greenhouse gases and we believe this is a global challenge that requires global participation. We therefore favor national programs to harmonize what would otherwise be sub–optimal regional programs. Whatever the framework, realistic objectives must be set based on the best available data. It is vitally important to understand and fully communicate the economic and social costs, as well as the environmental benefits, of all proposed legislation and regulatory plans. We do support mandatory reporting of greenhouse gas emissions at the national level. This would provide a baseline against which we can measure progress across all sectors in order to achieve broad, equitable treatment.
