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Chevron invests in nuclear fusion start-up Zap Energy

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Chevron Corporation made a Series A investment in Zap Energy Inc. , It is now backed by an energy and technology-focused investor base, including Chevron. Our Future Energy Fund investment in Zap Energy adds to Chevron’s portfolio of companies we believe are likely to have a role in the energy transition. Resources. “

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. TAE’s fifth-generation reactor, Norman, has proven capable of sustaining stable plasma at more than 75 million degrees Celsius, 250% higher than its original goal.

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Shell completes divestment of oil sand interests in Canada; retains Scotford refinery and plants

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Separately and under the second agreement, Shell and Canadian Natural have completed the joint acquisition and now own equally Marathon Oil Canada Corporation, which holds a 20% interest in AOSP, from an affiliate of Marathon Oil Corporation for $1.25 billion was taken in Q1, 2017 with a further $0.4 billion each.

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ExxonMobil to proceed with $14B Hebron heavy oil project off Canada’s East Coast; more than 700B barrels of oil

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Exxon Mobil Corporation will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase from earlier estimates. Source: Chevron. Hebron co-venturers are Chevron Canada Limited (26.7%), Suncor Energy Inc.

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Gevo joins SFO consortium to advance sustainable aviation fuel (SAF)

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SFO is positioning for increased interest in the California market for SAF producers and suppliers, given the additional incentives likely to be made available, through a California Air Resources Board ruling allowing the opt-in inclusion of SAF in the Low Carbon Fuel Standard (LCFS).

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