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What is Chevrons experience with the European Unions Emissions Trading Scheme (ETS)?

April 26, 2017chevron emissions ETS European experience Scheme trading Union

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What is Chevrons experience with the European Unions Emissions Trading Scheme (ETS)?

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A. ETS, which sets limits on the greenhouse gas emissions from major stationary sources such as refineries and power stations, is the first large–scale carbon market of its kind. Chevron complies with all applicable regulations wherever it operates and the company’s Carbon Markets team participates in the EU ETS to manage the compliance of the company’s refining and E&P assets in the region.