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 gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).

The CEO’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

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Why Pip Sizes Are Different for Major and Exotic Pairs?

    • July 12, 2025
    Why Pip Sizes Are Different for Major and Exotic Pairs?

    What Is Currency Weaponization and How to Hedge Against It?

    • July 12, 2025
    What Is Currency Weaponization and How to Hedge Against It?

    What Are Forex Ghost Orders and How Do They Affect Trading?

    • July 12, 2025
    What Are Forex Ghost Orders and How Do They Affect Trading?

    Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity Offering

    • July 12, 2025
    Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity Offering

    Gold Price Reaction to Tariff News

    • July 11, 2025
    Gold Price Reaction to Tariff News

    Why Do Currency Movements Happen Without Any News?

    • July 11, 2025
    Why Do Currency Movements Happen Without Any News?