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Chevron to invest $29 million to address CO2 injection shortfall at Australia LNG site -Breaking

by Mike Robinson

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© Reuters.

(Reuters). Chevron Corp (NYSE: ) stated on Thursday that the Australian unit of Corp will spend A$40 million ($29.49 Million) to resolve a shortage in carbon dioxide injection at Gorgon liquefied plant in Western Australia.

Chevron Australia announced that it will invest $5 million to address its shortfall and purchase and give back 5.23million greenhouse gas offsets over five years.

($1 = 1.3563 Australian dollars)

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