TELETRADER News
3/16, 8:44 PM (Source: TeleTrader)
more TeleTrader news

Chevron+0.38%

106.80
Chart for: Chevron Corp

NGOs accuse Chevron of 'greenwashing'

Chevron, a major American oil company, was accused of "greenwashing" by Earthworks, Global Witness and Greenpeace non-profits in a complaint filed to the Federal Trade Commission on Tuesday.

NGOs base their claims on FTC "green guides" and demand that federal authorities hold Chevron accountable for the misleading message in its advertising and marketing campaigns that portrays the company as "climate-friendly" while producing fossil fuels.

Chevron spokesperson disregarded the allegation as "frivolous" and said that the company is "taking action to reduce the carbon intensity of [our] operations and assets, increase the use of renewables and offsets in support of [our] business and invest in low-carbon technologies to enable commercial solutions".

Breaking the News / LH