Chevron Corp. will be getting out of the coal industry and is seeking a buyer for its open-pit mine in western Wyoming, the Associated Press reported Friday, citing a spokeswoman for the second-biggest U.S. oil company by market value.
Chevron Mining spokeswoman Margaret Lejuste said new coal technologies are too far off to make staying in coal a good strategy.
She told the AP that Chevron last week began seeking a buyer for its mine outside Kemmerer, Wyo.
The AP also reported that Chevron is close to closing a deal with Florida-based Walter Energy Inc. to sell its North River underground mine in western Alabama.
Chevron Mining spokeswoman Margaret Lejuste said new coal technologies are too far off to make staying in coal a good strategy.
She told the AP that Chevron last week began seeking a buyer for its mine outside Kemmerer, Wyo.
The AP also reported that Chevron is close to closing a deal with Florida-based Walter Energy Inc. to sell its North River underground mine in western Alabama.
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