{"id":404058,"date":"2021-03-10T08:46:52","date_gmt":"2021-03-10T03:16:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404058"},"modified":"2021-03-10T09:42:01","modified_gmt":"2021-03-10T04:12:01","slug":"chevron-to-slow-carbon-emissions-raise-oil-output-with-modest-spending","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chevron-to-slow-carbon-emissions-raise-oil-output-with-modest-spending\/","title":{"rendered":"Chevron to slow carbon emissions, raise oil output with modest spending"},"content":{"rendered":"<p>(Reuters) &#8211; Chevron Corp on Tuesday outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions. <\/p>\n<p>Falling energy demand due to pandemic-driven lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016. <\/p>\n<p>Investors have been pressuring Chevron and other oil companies to hold spending flat and reduce emissions that contribute to climate change. Competitors Royal Dutch Shell, BP Plc and Exxon Mobil have vowed to hold output flat or allow it to decline to meet climate or financial goals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Chevron Corp on Tuesday outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions. Falling energy demand due to pandemic-driven lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016. Investors have been pressuring Chevron and other oil companies to hold spending flat and reduce emissions that contribute to climate change. Competitors Royal Dutch Shell, BP Plc and Exxon Mobil have vowed to hold output flat or allow [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-404058","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404058"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404058\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}