Chevron (CVX) Joins Sea Cargo Charter to Lower Marine Emissions

Chevron (CVX) Joins Sea Cargo Charter to Lower Marine Emissions
This story originally appeared on Zacks

Chevron Corporation CVX recently announced its shipping unit’s latest pledge to cut emissions from its California-based marine business by joining the Sea Cargo Charter. More than 30 tankers, including 10 LNG carriers, make up the group’s transportation fleet.

Chevron (CVX) Joins Sea Cargo Charter to Lower Marine Emissions – Zacks

The charter was developed last year to track and minimize the shipping sector’s carbon footprint in accordance with the International Maritime Organization’s regulations, which seek lower overall yearly emissions by at least 50% within 2050 compared to the 2008 levels.

The Sea Cargo Charter establishes a global benchmark for tracking shipping emissions, therefore advancing the marine industry’s decarbonization process. The currently Zacks Rank #3 (Hold) CVX is pleased to join and collaborate with the Sea Cargo Charter to improve openness and accuracy of reporting, thus ensuring sustainable environmental management. You can see  the complete…

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