HomeCarbon NewsChevron to Buy Renewable Energy Group for $3B?

Chevron to Buy Renewable Energy Group for $3B?

According to various outlets,  Chevron Corp. (NYSE: CVX) is closing in on buying Renewable Energy Group (NASDAQ: REGI) Inc. for ~ $3 Billion.

Chevron is looking at paying $61.50 per share for Renewable Energy according to the sources close to the deal.

Renewable Energy stock climbed over 36% in after-market trading on the pending news.

The official announcement could be made as early as next week, but the terms and talks could still fall through.

This would be a major push for Chevron’s energy transition into renewable fuels. Renewable energy demand is expected to grow in the coming years as organizations and governments follow through on their decarbonization pledges.

Chevron earlier stated they are tripling their low-carbon investments to $10 Billion through 2028.

Most Popular
LATEST CARBON NEWS

Twelve Transforms Carbon into Sunglasses, Car Parts, and Fuel

As firms around the world are tackling climate change, Twelve is offering a solution through its carbon transformation tech which turns CO2 into products...

Crypto Carbon Credits Exchange 1GCX Closes $2B Record Deal

Crypto carbon credits exchange 1GCX partnered with T3 Trading, raising $2 billion in assets under management (AUM) and setting up a $100 million liquidity...

Ethereum’s Stealth Move to Wipe Out Its Carbon Footprint

Ethereum won the spotlight with the Merge, which cut the crypto’s energy use and carbon footprint more than expected by 99.99%. The second-largest cryptocurrency -...

Iron and Steel Industry Will Buy $250B Carbon Credits for Net Zero

Bringing the iron and steel industry to net zero by 2050 requires $1.4 trillion of investment, $250 billion of which is for carbon credits,...
CARBON INVESTOR EDUCATION

ESG Investing with Carbon Credits – What Investors Need To Know

Reducing carbon emissions is evident as firms focus on ESG investing and governments account for climate impact through carbon credits.

The 5 Top Carbon Offset Project Developers

Are you looking to directly reduce your carbon footprint or support projects that cut emissions elsewhere? Then carbon credits allow you to do either...

The Top 3 Private Carbon Companies to Watch Right Now

Right now, the carbon space is heating up. Dozens of companies are jumping into what’s fast becoming one of the hottest spaces to invest...

Carbon Insetting: The Target of Scope 3 Carbon Offset Accounting

Carbon offsets are a well-known sustainability concept so you most likely have heard of them. But there’s a relatively new sustainable supply chain term...