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ChevronTexaco's Climate Change Action Plan

This article discusses ChevronTexaco's 4-fold action plan to reduce greenhouse gas emissions, support environmentally-friendly policies, invest in research and development, and pursue innovative energy technologies.

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ChevronTexaco's Climate Change Action Plan

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  1. ChevronTexaco and Climate Change World Environment Center Georgia Callahan 4 November 2003

  2. Importance of Climate Change Issue to ChevronTexaco • CO2and methane emission sources • Refining and Petrochemical Production • Production • Transportation • End Use • Combustion and rotating equipment, flaring, venting • Gas associated with oil production • Pipelines • Vessels • Vehicles • Heaters • Boilers • Customer use of gasoline, diesel, and coal • Sources • CO2 • CO2 • Methane • CO2 • Methane • Primarily CO2 • Emission Corporate HES

  3. ChevronTexaco Climate Change Position and Plan • We at ChevronTexaco are responding to increasing climate change concerns by integrating an action-based approach into our business strategy • Position • 4-Fold Plan predicated on ACTION • Plan • 1. Reduce greenhouse gas emissions (GHG) and increase energy efficiency • 4. Support flexible and economically sound policies and mechanisms that protect the environment • 2. Invest in research, development, and improved technology • 4-fold action plan • 3. Pursue business opportunities in promising innovative energy technologies Corporate HES

  4. Mission of the Climate Change Steering Council • The ChevronTexaco Climate Change Steering Council coordinates activities, projects, and initiatives in order to share successful practices and to make recommendations to senior management • Mission • Climate Change Steering Council Representation Corporate HES

  5. Climate Change Steering Council Emissions Inventory and Management Team GHG Planning in Capital Projects Team Climate Change Knowledge Management Network Climate Change Associations Support Technology Advocacy GHG EmissionsTrading Organization of the Climate Change Steering Council and Supporting Teams • Additional teams will be added as needed Corporate HES

  6. Develop and provide free to the public SANGEA™ state-of-the-art software to collect ghg emissions data enterprise wide • Conduct 3rd Party Evaluation of Protocol and SANGEA™ methodology. • Member of World Bank Flaring Initiative • Project emissions management (Tengiz, Gorgon) • Seek business opportunities including: • Develop global ghg emissions trading capability with emphasis on EU • Emission credits from projects (Indonesia Geothermal, Yosu Refinery Fuel Switching, West Africa Gas Pipeline, flaring reductions and associated gas reinjection in Nigeria and Angola) • Reforestation Projects • Enhanced Oil Recovery • Key actions Objective and Key Actions Related to Emissions Teams • Emissions Inventory and Management Team • GHG Emissions Trading Team • Provide emissions inventory and management, technical expertise, data analysis and tools development for ChevronTexaco • Early identification of emissions trading issues to determine business value of potential opportunities • Objective Corporate HES

  7. Participate in associations including: • International Petroleum Industry Environmental Conservation Association • American Petroleum Institute • MIT Joint Program on the Science and Policy of Global Change • World Business Council for Sustainable Development • ARPEL – Latin America Petroleum Institute • Advocate on policy issues including: • Voluntary registries being developed by US Federal Government and several U.S. states • GHG Emissions Trading and Clean Development Mechanism • CO2 geological sequestration • GHG Protocol Standardization • Key actions Objective and Key Actions of Externally Focused Teams • Climate Change Associations Support Team • Advocacy Team • Serve as forums to share information, gain insight on competitors and other industry sectors and influence external stakeholders • Advocate externally on key climate change policy issues, as determined by Climate Change Steering Council • Objective Corporate HES

  8. Objective and Key Actions of Capability Building Teams • Climate Change Knowledge Management Team • GHG management in capital projects • Technology Team • Develop and deploy a practical, useful process to screen, evaluate, and incorporate the impact of GHG emissions in capital projects • Partner and support research and development of new technologies • Facilitate sharing, capturing, creating, distilling, and sharing of climate change information across the enterprise • Objective • Align objectives for enterprise-wide consideration of: • Primer and Screening • SANGEA™ Projector • Mitigation • Merger, Acquisition & Divestiture • Forecasting • Partner with 8 global energy companies on CO2 Capture Project • Support Australian development of geologic sequestration • Support USDOE project on CO2 monitoring methodologies • Participate in MIT Carbon Sequestration Initiative, IEA GHG R&D Program, etc. • Develop Renewables Portfolio • Launch and maintain an electronic knowledge sharing network for • Global, Regional and National policy developments • Internal and external communiques • Web-site management • Key actions Corporate HES

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