Why would a company like Chevron invest so much capital in a project with so many risks?

Chevron is investing such a large amount of capital into the project because they believe that it will benefit them in the long run. There are numerous risks associated with such investments, but Chevron believes that the potential gains outweigh these risks, such as the ability to access new markets and resources, cost savings from increased efficiency and productivity, and enhanced corporate reputation due to their efforts towards sustainability.

Additionally, other factors like government incentives for renewable energy projects or geopolitical pressures can also influence their decisions as well – ultimately allowing Chevron capitalize on various opportunities available both now future eventually.