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Chevron vows big increase in low-carbon spending

Chevron vows big increase in low-carbon spending

Ben Geman of Axios reports that Chevron has vowed a big increase in low-carbon spending.

The C3 Take
  • Chevron will spend $10 billion over the next seven years to increase its renewable energy portfolio and cut carbon emissions.
  • Chevron will increase hydrogen fuel and renewable energy production, while investing in renewable natural gas and emissions offsets.
  • Through innovation, the private sector is leading the way to a cleaner future.

“Chevron in March announced new targets for cutting emissions intensity — that is, per unit of output — and has been striking new deals and partnerships on alternative fuels and climate.”

Read the full article here.

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