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Commodities and Futures News

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

09/17/2024

Less than a minute

2024.09.17 12:50

By Sabrina Valle

© Reuters. FILE PHOTO: A Chevron gas station sign is shown in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/File Photo

HOUSTON (Reuters) – Chevron (NYSE:) 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 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.

09/17/2024

Less than a minute