Wirth said it’s important to work together to test and scale new technologies before bringing them to market.
“We need to move rapidly,” he said. “We need to engage with innovation through universities, national laboratories and startup companies, all of which we work closely with, to try to bring these new technologies into the market.”
“What’s different between energy and information technology, which has transformed all of our lives, is you’re dealing in the physical world with the laws of thermodynamics, physics and economics. You need to build things.” says Mike Wirth, chairman and CEO.
more on that
Chevron strives to be among the most efficient and responsible producers of lower carbon energy. Wirth noted the progress it is making will take time.
“It’s very difficult to change as rapidly as some people would like,” Wirth said.
“There’s massive investments, trillions of dollars, in the existing system that has evolved over 150 years.”
Source:
Chevron
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