The Financial Times reports that US energy giant Chevron is “doubling down” on its belief that demand for fossil fuels will stay high in the coming years after it agreed to buy gas producer Hess for $53bn.
The paper says the move will give Chevron “a foothold in Guyana, home to the biggest oil discovery of the past decade” and that it shows the company is “doubling down on its bet that demand for fossil fuels will remain robust for decades to come”.
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