May 8, 2008

CSR: Chevron To Invest $2.5B in Alternative, Renewable Energy Tech

Chevron’s latest Corporate Responsibility Report highlights future investments of $2.5 billion

through 2009 in alternative and renewable energy technologies, reduced total greenhouse gas emissions since 2006, new climate change policy principles and an increased portfolio of renewable energy research partnerships and $119 million in community initiatives around the world.

Chevron and Weyerhaeuser  signed a letter of intent in 2007 and announced a 50/50 joint venture in early 2008 to develop the next generation of renewable transportation fuels from nonfood sources.

Other highlights of the report include a reduction of GHG emissions from Chevron’s global operations by approximately 800,000….

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