press release chevron Canada relinquishes offshore permits on west coast of Canada

February 9, 2024 - Chevron Canada Limited (Chevron Canada) has elected to voluntarily relinquish its 23 offshore oil and gas permits on Canada’s west coast.

Chevron regularly evaluates its portfolio and has no plans to pursue development of these offshore permits, which are an estimated 5,900 square kilometres.

We remain committed to safely and responsibly developing Canada’s onshore and offshore oil and gas resources. Providing affordable, reliable and ever-cleaner energy is essential to an orderly energy transition that balances energy security, economic prosperity and environmental protection.

For 85 years, Chevron Canada has been responsibly developing Canada’s energy resources. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.

Headquartered in Calgary, Alberta, Chevron Canada has interests in oil sands projects and shale gas acreage in Alberta as well as exploration, development and production projects offshore Newfoundland and Labrador.

Chevron Canada takes great pride in providing the affordable, reliable, ever-cleaner energy needed to improve lives and power the world forward. We leverage our strengths to reduce the carbon intensity of our traditional oil and gas operations and seek to grow new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets and other emerging technologies.

More information about Chevron Canada is available at canada.chevron.com.

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Contact: Jennifer Werbicki -- canadamediarelations@chevron.com