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Chevron board member tweet hints support for renewable technologies

Published 02/28/2018, 11:10 AM
© Reuters.  Chevron board member tweet hints support for renewable technologies
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  • A tweet from a member of Chevron’s (CVX +0.1%) board implies the oil industry must do more to adopt renewable energy technologies in order to survive.
  • “If #oil energy consumption is declining and #renewableenergy consumption is on the #rise, what does that mean for the future of the oil industry?” tweeted Dambisa Moyo, an economist and author who joined CVX’s board in 2016.
  • Moyo, an active Twitter poster with 189K followers, added several hashtags to her post that are associated with activists pushing for greater adoption of renewables by oil producers.
  • The tweet comes as CVX, Exxon (NYSE:XOM) and other major oil producers are under increasing pressure to discuss the potential effects of climate change on their businesses and to invest more in solar, wind and other renewable energy technologies.
  • Now read: Chevron: Ballymore, A Major Norphlet Deepwater Discovery In The Gulf Of Mexico


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