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NEW YORK - Facing pressure from environmentalists, Chevron boosted spending Tuesday for "lower carbon" ventures and unveiled plans to reduce emissions from its operations in a pitch that drew shrugs from climate activists...
We believe climate change is real and that human activity, including the use of fossil fuels, contributes to it.
We're pleased that Chevron finally wants to talk about the energy transition. We're pleased that they're increasing spending on lower-carbon energy.
We have to be very mindful of meeting the needs of the energy system and the economy today even as we try to build a different system for the future.