Chevron Corp. said natural gas will play a long-term role in curbing climate-damaging emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy.
To that end, European buyers are signing more gas-delivery contracts of a decade or more in duration as they seek replacement sources of the heating and power-plant fuel formerly supplied by Russia, said Colin Parfitt, Chevron’s vice president of midstream.
Parfitt’s comments came a week after Chevron shareholders overwhelmingly shot down activist demands for tougher emission targets.