Chevron's (CVX) Rig-to-Reef Strategy Receives Green Backlash

Chevron Corporation (CVX) , the American energy giant, has outlined a plan for decommissioning oil platforms off the Pilbara Coast in Western Australia that has received approval from the state government. Chevron plans to decommission the infrastructure by creating artificial reefs out of the platforms. The American oil giant owns nine platforms around Thevenard Island, offshore Western Australia. The company has not extracted any oil from these platforms since 2014. However, the plan has earned much scrut ...