Chevron gas station in downtown Vancouver, Canada. (Source: Shutterstock)
Chevron Canada Ltd. announced on April 13 it is voluntarily relinquishing 19 offshore oil and gas permits in an effort to remain committed to the Government of Canada’s international marine conservation targets.
The permits overlap federal marine-protected areas, covering an estimated 5,700 sq km offshore British Columbia within the Scott Islands marine National Wildlife Area and the Hecate Strait and Queen Charlotte Sound Glass Sponge Reefs Marine Protected Area.
"Chevron is continually assessing its portfolio and has been in communication with Natural Resources Canada since 2020 on the opportunity to contribute to the Government of Canada's international marine conservation targets," said Christopher Mazerolle, president of Chevron Canada. "We have been safely and responsibly developing Canada's onshore and offshore oil and gas resources for 85 years, and remain committed to providing the affordable, ever-cleaner energy Canada needs."
Headquartered in Alberta, Chevron Canada develops Canadian energy resources and has interests in oil sands projects and shale gas acreage in Alberta, as well as E&P projects offshore Newfoundland and Labrador.
Recommended Reading
WoodMac Sees Lighter Hand on Emissions, Departure From Paris Under Trump
2024-11-19 - Much of the Inflation Reduction Act is likely to remain in place, forecasting firm Wood Makenzie says.
NatGas Powerhouse EQT Reaches Net Zero Feat Ahead of Schedule
2024-10-31 - EQT says it lowered Scope 1 and Scope 2 greenhouse gas emissions by more than 900,000 tons.
Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’
2024-11-07 - The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.
Don’t Get Distracted by Emissions Politics, Energy Executives Say
2024-11-20 - Eyeing profit with a keep-it-in-the-pipe mentality, executives’ thoughts are on lowering emissions, getting premiums and producing compliance-ready molecules for the EU.
Methanol Microreactor Project Aims to Convert CO2 into Liquid Fuel
2024-12-03 - The SRI International-led project, which received a Department of Energy grant, would use renewable energy to convert CO2 into liquid fuel.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.