Chevron launches green venture fund worth USD 300m

The US-based supermajor has established a fund to invest in sustainable energy technologies.

Photo: Richard Drew/AP/Ritzau Scanpix

The green wave that's been somewhat unevenly rolling across European oil companies in recent years now also seems to be gaining ground in the US, where conventional oil giants have otherwise been reluctant to deviate from their core business.

Chevron's most recent announcement on the matter serves as a fitting example of this.

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