BP and Chevron, this Tuesday, announced plans to invest heavily in geothermal energy through a new innovative start up. The new technology introduced by Canadian startup Eavor, pronounced “ever”, provides a clean energy source directly from the earth’s heat. BP and Chevron have made a $40 million investment in Calgary-based Eavor, bucking the trend by developing a largely overlooked energy source. Funding goes mainly towards the research and development of geothermal power. Senior vice president of zero carbon energy…
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