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FedEx pledges to be carbon neutral by 2040

GreenBiz

FedEx pledges to be carbon neutral by 2040. Global logistics giant FedEx on Wednesday announced a goal to be carbon neutral by 2040. The plan includes a $2 billion investment across electric vehicles, clean energy for operations and a new academic center with Yale focused on capturing carbon. Katie Fehrenbacher.

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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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Amazon aims to clean up aviation

GreenBiz

The key solutions today are biofuels, only displacing a mere fraction of fossil fuels-based jet fuel, and offsets. Infinium, spun out of another company called Greyrock Energy , says because the biofuel (dubbed an "electrofuel") is made with clean energy and CO2, it's a "net-zero carbon" fuel.

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Amazon to buy bio jet fuel to lower air cargo emissions

GreenBiz

The companies said the jet fuel will be made from agricultural waste fats and oils (such as used cooking oil and inedible fats from beef processing). Amazon has pledged to reach net-zero carbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030. A drop in the fuel tank.

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The top 25 most sustainable fleets

GreenBiz

Thanks to converging forces — including supportive policies, dropping battery costs and aggressive climate goals — transportation leaders at large and small organizations are increasingly turning to new zero-emission and low-carbon options that decarbonize fleets and in some cases save money. Media Authorship. Anheuser-Busch. Anheuser-Busch.

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Is 'net zero' much ado about nothing?

GreenBiz

Corporate signatories to the Climate Pledge have committed to net zero by 2040. Is net zero the same as carbon neutral? You can become carbon neutral simply by buying offsets — for a year’s worth of driving or air travel, for example. However, Germany just committed to reaching this goal by 2045. The bar continues to move.

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Reuters, New York Times Top List of Fossil Fuel Industry’s Media Enablers

DeSmogBlog

Darren Woods, the CEO of Exxon, celebrates the potential of carbon capture to dramatically reduce global emissions. According to Saudi Aramco’s podcast, the fossil fuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. and Europe.