Reuters is reporting that Chevron and ExxonMobil are investing in the development of lower-carbon gasoline. The companies have partnered with the National Renewable Energy Laboratory to research and develop a new type of fuel that will produce fewer emissions than traditional gasoline. The goal is to create a gasoline that is compatible with existing infrastructure and can be used in today’s cars without modification. The project is part of a larger effort by the oil and gas industry to reduce emissions and transition to cleaner forms of energy.

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