image credit: Unsplash

Chevron to Triple Low-Carbon Investment

September 14, 2021


Chevron Corp. is tripling spending in its new low-carbon unit, which Chief Executive Mike Wirth said he increasingly sees as a viable business.

The San Ramon, Calif., oil giant is pledging to spend $10 billion through 2028 on biofuels, hydrogen production, carbon capture and other technologies, up from a prior commitment of around $3 billion.

Read More on The Wall Street Journal