At Chevron Corp's annual meeting scheduled for May 29, 2024, shareholders are urged to vote 'Yes' on Item 5, a proposal by As You Sow on behalf of Guy Lampard, requesting Chevron to report on the financial impact of a significant reduction in virgin plastic demand. The proposal, supported by a comprehensive study titled 'Breaking the Plastic Wave' by the Pew Charitable Trusts, highlights the urgency of addressing the plastic pollution crisis and the economic risks associated with the petrochemical industry's current trajectory of plastic production. Chevron, identified as the 16th largest producer of single-use plastic resins, faces potential risks from global shifts away from single-use plastics and virgin plastic production, as well as from investments in chemical recycling technologies that may not be as efficient or environmentally beneficial as expected. The proposal emphasizes the need for Chevron to disclose how a 30% reduction in virgin plastic demand by 2040 could affect its financial position and investments, and to provide transparency on the safety and efficacy of its recycling technologies.

At Chevron Corp's annual meeting scheduled for May 29, 2024, shareholders are urged to vote 'Yes' on Item 5, a proposal by As You Sow on behalf of Guy Lampard, requesting Chevron to report on the financial impact of a significant reduction in virgin plastic demand. The proposal, supported by a comprehensive study titled 'Breaking the Plastic Wave' by the Pew Charitable Trusts, highlights the urgency of addressing the plastic pollution crisis and the economic risks associated with the petrochemical industry's current trajectory of plastic production. Chevron, identified as the 16th largest producer of single-use plastic resins, faces potential risks from global shifts away from single-use plastics and virgin plastic production, as well as from investments in chemical recycling technologies that may not be as efficient or environmentally beneficial as expected. The proposal emphasizes the need for Chevron to disclose how a 30% reduction in virgin plastic demand by 2040 could affect its financial position and investments, and to provide transparency on the safety and efficacy of its recycling technologies.