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Chevron triples green investments to USD 10 billion

US oil major Chevron funnels additional capital into green technologies following sharpened climate requirements, with renewables, hydrogen and carbon capture set to be favorites.

Photo: LUCY NICHOLSON/REUTERS / X90050

US oil giant Chevron plans to triple its investments in cleaner technologies to USD 10 billion ahead of 2028, the company writes in a statement.

Besides the tripled investment in the green transition, the company also poses clear growth targets in technologies such as carbon capture and renewable fuels.

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