Chevron CEO hits Biden’s natural gas policies, says fuel is crucial for AI

By Sabrina Valle

HOUSTON (Reuters) – Chevron (NYSE:CVX) CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gasโ€ industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).

The CEOโ€™s remarks followed new government plans over policies to prevent power-hungry AI data centers from undercutting U.S. climate goals. Last week, the White House launched a task force on AI Datacenter Infrastructure to coordinate policies in line with the government’s economic and environmental goals.

This post is originally published on INVESTING.

  • Related Posts

    Trump expected to pick Brooke Rollins to be agriculture secretary, WSJ reports

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all…

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.ย  As…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Master the Shift: From Self-Trading to Managed Forex Accounts

    • November 23, 2024
    Master the Shift: From Self-Trading to Managed Forex Accounts

    Trump expected to pick Brooke Rollins to be agriculture secretary, WSJ reports

    • November 23, 2024
    Trump expected to pick Brooke Rollins to be agriculture secretary, WSJ reports

    Forex Account Management: Pros, Cons, and Expert Tips

    • November 23, 2024
    Forex Account Management: Pros, Cons, and Expert Tips

    DXY Dominance: We Called It! The Bullish Breakout Everyone Saw Coming (If They Followed Us) ๐Ÿ’ช๐Ÿ“ˆ

    • November 23, 2024
    DXY Dominance: We Called It! The Bullish Breakout Everyone Saw Coming (If They Followed Us) ๐Ÿ’ช๐Ÿ“ˆ

    EUR/USD: The Fall of the Titans and What Lies Ahead! ๐Ÿ’ฅ๐Ÿ“‰

    • November 23, 2024
    EUR/USD: The Fall of the Titans and What Lies Ahead! ๐Ÿ’ฅ๐Ÿ“‰

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens