Many U.S. fund managers who are invested in Exxon and Chevron approve the strategies of the American oil supermajors not to seek growth in wind and solar projects, according to a dozen investors Reuters has recently contacted. Unlike their European peers, the two supermajors in the United States, ExxonMobil and Chevron, are not touching solar and wind power.
They are more focused on renewable fuels and carbon capture and storage (CCS), both to cut their own carbon footprint and to develop in partnership regional CCS hubs at heavily industrialized…Investors Don't Want Exxon, Chevron To Take On Solar, Wind
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