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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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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