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

    US dollar and bitcoin advance spurred by Trump tariff expectations

    By Chibuike Oguh and Harry Robertson NEW YORK/LONDON (Reuters) -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a…

    Gold prices stumble as strong Treasury yields, dollar bite

    Investing.com– Gold prices fell Tuesday, pressured by a climbing Treasury yields and stronger dollar a day ahead of fresh inflation data.  Spot gold fell 0.8% to $2,599.56 an ounce, while…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    US dollar and bitcoin advance spurred by Trump tariff expectations

    • November 12, 2024
    US dollar and bitcoin advance spurred by Trump tariff expectations

    Gold prices stumble as strong Treasury yields, dollar bite

    • November 12, 2024
    Gold prices stumble as strong Treasury yields, dollar bite

    US oil industry urges Trump to ditch Biden climate policies

    • November 12, 2024
    US oil industry urges Trump to ditch Biden climate policies

    Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises

    • November 12, 2024
    Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises

    Explainer-How methane emissions threaten climate goals

    • November 12, 2024
    Explainer-How methane emissions threaten climate goals

    Explainer-What is the latest science on climate change?

    • November 12, 2024
    Explainer-What is the latest science on climate change?