Svante, considered a leader in developing carbon capture technologies, said a division of Chevron U.S.A. Inc. was lead investor in a $318 million fundraising round, which is to be used to accelerate the business. Chevron New Energies (CNE) provided most of the financing. CNE was formed in 2021 to accelerate opportunities in carbon capture utilization…
Ogci
Articles from Ogci
Big Oil Setting Big Target on Methane Emissions
Thirteen of the biggest oil and natural gas producers in the world agreed Monday to target by 2025 a 20% reduction in the average methane intensity of aggregated upstream operations to below 0.25%.
September 24, 2018
Big Oil Consortium Pledges $1B in Low-Carbon Technology, Maximizing NatGas Benefits
CEOs of 10 of the biggest oil and gas companies in the world — although none based in the United States — each pledged Friday to invest an average of $100 million a year over the next decade in “climate investments” to create low-carbon technologies that would, among other things, reduce methane emissions from operations.
November 4, 2016
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