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Pipeline giant Kinder Morgan starts Energy Transition Ventures group looking into CCUS, renewables

A big-time fossil fuels player is jumping into the energy transition in a bolder, more focused way.

Kinder Morgan Inc. has formed a new Energy Transition Ventures group to identify and pursue commercial opportunities within the low-carbon sector. The company is one of the biggest in the oil and gas infrastructure sector, with close to 85,000 miles of pipelines and 144 terminals either under ownership or interest, according to reports.

“While we continue to remain disciplined and focused on attractive returns when evaluating investment opportunities in these new ventures, we are extremely pleased to announce the formation of this new group at a time when energy markets are evolving both nationally and abroad,” said Steve Kean, Kinder Morgan CEO, in a statement.

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