Business
Why Billionaires Like Bill Gates And Jeff Bezos Buy Carbon Offsets — And How They Work
November 7, 2021
September 16, 2021
Chevron Chairman and CEO Mike Wirth on Wednesday the oil company’s lower-carbon investments focus on areas such as renewable natural gas and hydrogen because it sees significant potential to create shareholder value.
“One of the things we’ve chosen not to go into is wind and solar,” Wirth said in a “Mad Money” interview. “These are technologies that are relatively mature. There is plenty of capital that’s available. The returns in wind and solar are actually being bid down, and we’ve concluded that management in our company can’t create value for shareholders by going into wind and solar.”
SOURCE:CNBC