A $500 million fund to invest in low carbon technologies has been launched

Chevron's venture capital arm launches $500 million fund to invest in low carbon technologies. Future Energy Fund III will focus on industrial decarbonization, emerging mobility, energy decentralization and circular carbon economy. Oil majors looking to diversify their business in face of pressure to reduce emissions.

Chevron Corp.’s venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies. The fund will be the company's third in five years and will focus on clean energy technology. Chevron: "The future. The future. is here"