2/25, 3:39 PM (Source: TeleTrader)
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Chevron launches second $300M clean energy fund

Chevron Corp. announced on Thursday the company would invest $300 million into a new fund that will invest in technologies enabling cleaner energy.

The Future Energy Fund II will focus on investments in the field of industrial decarbonization, emerging mobility, energy decentralization as well as the growing circular carbon economy. According to the statement, the latest fund represents the eight venture fund since 1999, and a continuation of the success achieved by the first Future Energy Fund.

"We continue to take meaningful actions to address the challenges and opportunities of the global energy transition. I'm proud that our second Future Energy Fund has the potential to make energy and global supply chains more sustainable by helping industries and our customers build a lower-carbon future," Chevron Vice President Barbara Burger commented.

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