The document addresses major public policy matters that affect the supply and consumption of energy, and also includes the company's recently updated views on global climate change. An effective national energy policy that will stand the test of time is critical to sustaining the strength of the U.S. economy and improving the quality of life throughout the world. Historically, the government and the public have become most concerned about energy issues when prices rise rapidly or there are shortages. In addition, there is increasing public concern about the impact of energy use on air and water quality, and on the climate. To address these issues, Chevron renews its call for the creation of a cohesive, long-term energy strategy.
Markets are the most effective means of meeting consumers' needs and maintaining a robust economy.
Thus the government should identify and remove impediments to an efficiently functioning marketplace for energy, and work with other governments to do the same. Government policies should be fuel neutral and should not mandate or subsidize specific types of fuels or energy. Regulations should allow all contenders to compete on a level playing field, provided they meet environmental performance requirements. The government should provide no incentives or subsidies, except to fulfill clear and overriding energy security or environmental objectives. The government should support the creation of a seamless, interconnected transmission grid, governed by nondiscriminatory standards and operating procedures.