Pursuits
Chevron Backpedals Again on Renewable Energy
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Chevron’s slogan may be “finding newer, cleaner ways to power the world.” But the country’s second-biggest oil company continues a retreat from businesses that develop renewable energy.
In its latest move, Chevron is selling off at least a portion of its clean-energy subsidiary, dubbed Chevron Energy Solutions, which builds solar arrays and energy-saving retrofits for such customers as school districts and local governments, Bloomberg Businessweek has learned.