Chevron Archives - Oil Sands Divestment

IEEFA: If Chevron, Exxon and Shell can’t get Gorgon’s carbon capture and storage to work, who can?

This article was written by Bruce Robertson and Milad Mousavian and published in the IEEFA on April 26, 2022. 27 April 2022 (IEEFA): At a cost of more than A$3 billion, Gorgon, the largest carbon capture and storage (CCS) project in the world has failed to deliver, underperforming its targets for the first five years…

Chevron Open to Sale of Canadian Oil Sands Stake to Meet Green Goals

This article was published by World Oil on June 3, 2021 and was written by Robert Tuttle. CALGARY (Bloomberg) – Chevron CEO Mike Wirth signaled he would consider selling its 20% stake in a Canadian oil sands mine as its faces investor pressure to do more to curb emissions and fight climate change. The oil…

Big Setbacks Propel Oil Giants Toward a ‘Tipping Point’

This article by Somini Sengupta originally appeared in the New York Times on May 29, 2021. A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight. A nun, an environmental lawyer, pension fund executives, and the world’s…