Chevron Releases Corporate Responsibility Report

April 25, 2007

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Chevron issued its 2006 corporate responsibility report highlighting the company’s environmental and social performance in 2006 including steps it has taken to reduce emissions, increase energy efficiency, and invest in the communities around the world in which it operates, MSN reports.

At the same time, protestors planned a demonstration at the company’s headquarters ahead of its annual meeting today. According to the article, the positive aspects of the report may be overshadowed this week by reports of another flaring incident at its refinery in Richmond and the stateside appearance of Pablo Fajardo, the lead attorney litigating a class-action lawsuit Chevron is fighting in Ecuador.

In its report, Chevron says its GHG emissions from its global operations totaled 61.9 million metric tons in 2006, nine percent below the target of 68.5 million metric tons set for the year.

Chevron also says it’s a leading producer of renewable energy in the oil and gas industry and one of the largest producers of geothermal energy in the world. In 2006, the company created a biofuels business unit and invested in a biodiesel facility in Galveston, Texas. Chevron also announced several strategic research alliances with U.S. government and academic institutions to develop second-generation biofuels as part of plans to invest $2.5 billion in renewable and alternative energy and energy efficiency services between 2007 and 2009.

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