Oxy Low Carbon Ventures, LLC Sustainability Profile
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental Petroleum Corporation, is a leading player in the carbon management industry, headquartered in the United States. Founded in 2020, the company focuses on innovative solutions for reducing greenhouse gas emissions, primarily through carbon capture, utilisation, and storage (CCUS) technologies. With operations spanning key regions in North America, Oxy Low Carbon Ventures is committed to advancing sustainable practices that align with global climate goals. The company’s unique approach combines cutting-edge technology with strategic partnerships, positioning it as a frontrunner in the transition to a low-carbon economy. Notable achievements include significant investments in large-scale carbon capture projects, underscoring its dedication to environmental stewardship and market leadership in carbon management solutions.
DitchCarbon Score
How does Oxy Low Carbon Ventures, LLC's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Oxy Low Carbon Ventures, LLC's score of 29 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oxy Low Carbon Ventures, LLC's reported carbon emissions
Oxy Low Carbon Ventures, LLC, headquartered in the US, currently does not report specific carbon emissions data for the latest year, as indicated by the absence of emissions figures. The company is a current subsidiary of Occidental Petroleum Corporation, which may influence its climate commitments and reporting practices. While Oxy Low Carbon Ventures has not established specific reduction targets or initiatives, it is important to note that it inherits climate-related commitments and performance metrics from its parent company, Occidental Petroleum Corporation. This includes participation in initiatives such as the Carbon Disclosure Project (CDP) and Climate Action 100+ (CA100), which aim to enhance transparency and accountability in corporate climate strategies. As a subsidiary, Oxy Low Carbon Ventures aligns with the broader sustainability goals of Occidental, focusing on advancing low-carbon technologies and reducing greenhouse gas emissions across its operations. However, without specific emissions data or reduction targets, the company's individual climate commitments remain unclear.
How Carbon Intensive is Oxy Low Carbon Ventures, LLC's Industry?
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Oxy Low Carbon Ventures, LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Oxy Low Carbon Ventures, LLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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