Rithika Krishna and Laura Sanicola of Reuters report that Chevron will purchase Renewable Energy Group for $3 billion.
- Chevron, America’s second largest oil and gas producer, has set a goal to be operationally net-zero by 2050 and will invest $10 billion by 2028 to reduce CO2 emissions.
- Renewable Energy Group produces both renewable diesel and biodiesel which are much cleaner alternatives to traditional diesel.
- Private sector leadership will be essential to tackling climate change.
Read the full article here.
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