Privately, John Krafcik told some investors he had already stayed longer than he intended.
Google affiliate Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts.
And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
But Waymo must first quell concerns about a recent string of departures that have raised questions about its strategy and the size of its lead in the field.
Since February, Waymo has
lost six key executives in rapid succession, including its CEO, CFO and several key lieutenants. John Krafcik, the outgoing CEO, had telegraphed his departure to some although it surprised many at Waymo and others at Alphabet, said the people, who asked not to be identified because the talks were private. Waymo appointed two executives as co-CEOs and is recruiting a new CFO.
Publishing date: May 19, 2021 • 1 day ago • 4 minute read •
Article content
(Bloomberg) Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
But Waymo must first quell concerns about a recent string of departures that have raised questions about its strategy and the size of its lead in the field.
We apologize, but this video has failed to load.
Try refreshing your browser, or Waymo Eyes Raising Up to $4 Billion as Leaders Exits Sow Doubts Back to video
Save to Read Later
CALGARY - In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fewer carbon emissions.
An oil worker holds raw sand bitumen near Fort McMurray, on July 9, 2008. THE CANADIAN PRESS/Jeff McIntosh
CALGARY - In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fewer carbon emissions.
Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel
by The Canadian Press
Last Updated May 12, 2021 at 3:14 pm EDT
CALGARY In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fewer carbon emissions.
The company says its NGL North project is expected to reduce carbon dioxide emissions from oilsands projects in the Christina Lake area by over 200,000 tonnes per year by removing liquids such as ethane, propane, butane and condensate from natural gas, leaving primarily methane.