The Future Energy Fund III “enables Chevron to see around corners, evaluate long horizon bets not currently connected to our business,” the company said, citing fusion, direct air capture and batteries as examples. The fund will also help expand investment in low carbon fuels and the transformation of carbon to higher-value products, the company said.
Oil firms have been investing in tech companies focused on biofuels, wind, solar, carbon capture, digital energy and electric vehicles as they seek ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.