Chevron invests in lower-carbon pilot projects in Australia - Reuters
Chevron invests in lower-carbon pilot projects in Australia | Reuters
Chevron invests in lower-carbon pilot projects in Australia
The logo and trading information for Chevron is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2022. REUTERS/Brendan McDermid/File Photo
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Aug 10 (Reuters) - Chevron (CVX.N) said on Thursday it would invest in two lower-carbon pilot projects in Western Australia.
The energy major would provide funding to Carbon Sync, which is leading a soil carbon sequestration pilot project as well as a research project with Deakin University to explore potential carbon dioxide sequestration opportunities in the region's coastal wetlands.
The financial details of the investments were not disclosed.
Chevron plans to invest$10 billion in lower-carbon projects through 2028, as the industry has made such initiatives central to its net-zero strategies.
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