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…