Chapter 10 - Integrating Greenhouse Gas Emissions Management into Capital Projects Planning

Abstract

A portfolio of tools for integrating greenhouse gas (GHG) emissions management into the planning and review of new projects is presented in this chapter. These components include: 1) a screening tool that requires minimal data and can quickly provide an estimate of the potential impact of GHG emissions on a project's economics; 2) the more rigorous ChevronTexaco Projector for detailed GHG and criteria pollutant emission calculations; 3) a mitigation options planning aid; and 4) a tool to evaluate the GHG implications of potential mergers, acquisitions, and divestitures. The tools and flowchart are innovative applications in GHG emissions management. They allow capital project teams to quickly determine the magnitude of potential GHG concerns for their projects, and then tailor their analyses appropriately. ChevronTexaco responds to the concern about climate change with a fourfold plan of action, which includes reducing emissions of greenhouse gases and increasing energy efficiency, and investing in research, development, and improved technology. Capital projects in ChevronTexaco are managed according to the five-phase ChevronTexaco Project Development and Execution Process (CPDEP) that includes identification and assessment of opportunities, generation and selection of alternative, and development of preferred alternative.