HOUSTON : Exxon Mobil Corp and Chevron Corp shareholders on Wednesday overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings. The results supported the two largest U.S. oil producers in resisting pressure from investor groups calling for the pair to follow European rivals […]
If Chevron, Exxon, and Shell can’t get carbon capture right at Gorgon, who can? – EQ Mag Pro
At a cost of more than $3 billion, Gorgon, the largest carbon capture and storage (CCS) project in the world has failed to deliver, underperforming its targets for the first five years of operation by about 50%. Carbon capture technology has historically been used as a method of enhanced oil recovery – selling captured carbon […]
Latham & Watkins Advises Renewable Energy Group in US$3.15 Billion Acquisition by Chevron – EQ Mag Pro
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) have announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at US$3.15 billion, or US$61.50 per share. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, […]
Chevron nears USD 3 bln deal to buy Renewable Energy Group – EQ Mag Pro
Chevron Corp (CVX.N) is nearing a $3 billion deal to buy biodiesel maker Renewable Energy Group Inc (REGI.O), Bloomberg News reported on Friday, citing people familiar with the matter. Chevron could pay $61.50 per share in the deal, which could be announced as soon as next week if talks do not fall apart, the report […]
Chevron triples low-carbon investment, pledges $10 bln through 2028 – EQ Mag Pro
Shareholders and governments are insisting they plot a path to sharply cut greenhouse gas emissions by 2050. Chevron said half of its spending will go to curb emissions from fossil fuel projects, with $3 billion for carbon capture and offsets, $2 billion for greenhouse gas reductions, $3 billion for renewable fuels and $2 billion for […]
Toyota joins hands with Chevron to focus on hydrogen fuel cell technology
The alliance is expected to focus on three areas: collaborating on public policy to promote hydrogen infrastructure, assessing the market for fuel cell electric vehicles and hydrogen supply that will be needed. Chevron and Toyota announced Wednesday a first step towards a strategic alliance to commercialize hydrogen, which is seen as an environmentally-friendly transportation fuel […]
Chevron launches $300 mn fund for low-carbon technology
Chevron announced the launch of a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change. Major energy firms have set targets to reduce greenhouse gas emissions or are exploring investments in renewable energy and green technology amid rising pressure […]
Chevron to Get Energy From Cows in Second Renewable Gas Venture
Chevron to Get Energy From Cows in Second Renewable Gas Venture Chevron Corp. is doubling down on its plan to turn cow manure into renewable natural gas. Read More…
Norwegian Pension fund drops Exxon, Chevron, BASF over climate lobbying
A Norwegian pension fund said Monday that it is divesting over USD 47 million from 27 companies, including Exxon and Chevron, as part of its commitment to combating climate change. The fund warned other major oil and gas companies it might drop them as well. Storebrand, which manages assets worth USD 91 billion, had over […]
Chevron to build 500MW wind and solar to power facilities in Australia, elsewhere
US oil giant Chevron has become the latest fossil fuel production giant to plan significant investments in wind and solar capacity, in what seems initially as a token gesture towards lowering emissions but could involve a more significant commitment down the line. It has announced a deal with Canada-based renewable energy developer Algonquin to build […]
