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Investor Who Fought Exxon Will Build Gas Plants for AI with Chevron

Investor Who Fought Exxon Will Build Gas Plants for AI with Chevron

Engine No. 1, the investment firm that four years ago picked a fight with U.S. oil and gas supermajor Exxon over climate – and won – is now teaming up with the other supermajor, Chevron, to build natural gas-fired power plants to meet soaring AI-driven electricity demand. In a sign of changing times and a signal that investors continue to chase money and profitability, Engine No. 1 sees a huge opportunity in the AI-led power demand growth in the United States. The Investment Firm That Took On Exxon The hedge fund grabbed quite a few…

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