Page 22 - Frederickw Smith News Today

Details 11 March 2021 The FedEx corporation has announced a firm commitment to fully carbon-neutral operations by 2040. To get there, the company is making an initial investment of US$2 billion across three areas: vehicle electrification, sustainable energy, and carbon sequestration. FedEx has made an additional US$100 million donation to Yale University for the formation of a Yale Centre for Natural Carbon Capture, which will research ways to keep additional ...

Part of logistics giant’s overall carbon neutrality plan.

Ambitious plan includes electrifying the global parcel pickup and delivery fleet and establishing the Yale Center for Natural Carbon Capture to advance sequestration solutions

FedEx Commits To Carbon-Neutral Operations By 2040 MEMPHIS, TENN.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX), home of the world’s largest cargo airline, announced today an ambitious goal to achieve carbon-neutral operations globally by 2040. FedEx Corp. (NYSE: FDX), home of the world’s largest cargo airline, announced today an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in thre...

FedEx had kneeled before mankind, vowing to become a carbon-neutral business by 2040. That’s roughly eight years longer than it’ll probably take most of the population to forget that the promise was ever made. But this is the way of the world and we wager it won’t be long before it’s just easier to list […]

FedEx Corp has announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.

Share: FedEx Corp. (NYSE: FDX) said Wednesday it plans to reach carbon neutrality across its global delivery network by 2040, and as part of that strategy the Memphis, Tennessee-based company will transition to a fully electrified surface transport fleet by that time. In addition, the company said it will spend $100 million to establish the Center for Natural Carbon Capture at Yale University, the alma mater of Frederick W. Smith, FedExs founder, chairman and CEO. The center will be tasked with...

FedEx Corp announced today an ambitious goal to achieve carbon–neutral operations globally by 2040 To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration. This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on help...

Deloitte announced (26-Feb-2021) a collaboration to increase the production of sustainable aviation fuel (SAF) to reduce emissions. The agreement will reduce life cycle emissions from aviation by 3050 metric tons of carbon dioxide, equivalent to approximately 10,000 passengers flying one way from New York City to Los Angeles. [more - original PR] Original report: American Airlines and Deloitte Pioneer Market-Based Solution to Reduce Carbon Emissions from Air Travel Innovative pilot program des...

Air cargo operator pledges to invest in sustainable fuels, carbon capture research, and fleet electrification in bid to meet new climate goals