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home / articles / XLE - Chevron Pours $500M To Fund Renewable Energy Future: Report | Benzinga

XLE - Chevron Pours $500M To Fund Renewable Energy Future: Report | Benzinga

SPDR Select Sector Fund - Energy Select Sector

Chevron Corporation‘s (NYSE:CVX) venture capital arm reportedly launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment.

The move reflects the company’s aim to diversify its business amid the pressure to reduce emissions, reported Reuters.

The Future Energy Fund III will focus on innovations in industrial decarbonization, ...

Full story available on Benzinga.com
Stock Information
Company Name: SPDR Select Sector Fund - Energy Select Sector
Stock Symbol: XLE
Market: NYSE
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