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Chevron Launches Future Energy Fund

Sunday, June 24, 2018

Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corp., launched its Future Energy Fund. With an initial commitment of $100 million, the new venture capital fund was established to invest in breakthrough technologies that enable the ongoing energy transition to a greater diversity of sources.

Investments from the Future Energy Fund are expected to focus on disruptive technologies across the energy landscape that reflect the company’s commitment to both lower emission energy sources and lower emissions from oil and gas.

A statement the company said that as a global energy company it is committed to exploring ways to lower carbon emissions through research, innovation and application of technology while supplying the reliable, affordable and ever-cleaner energy that the world needs. The new fund supports CTV’s continued role as champion of innovation and integration of emerging technologies into Chevron.

“Chevron has long put its financial strength to work at critical moments that shape the future of energy,” said CTV President Barbara J. Burger. “The Future Energy Fund will inform our continuously evolving perspective on the energy landscape through investment in research and innovation. To prepare for the future, the work starts now.”


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