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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, FedEx's founder, chairman and CEO. The center will be tasked with developing methods to extract and store existing carbon emissions from the atmosphere, an effort c...
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 helping to offset greenhouse gas emissions equivalent to current airline emissions. “We have a respons...
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 designed to increase production of sustainable aviation fuel American Airlines and Deloitte today annou...
Air cargo operator pledges to invest in sustainable fuels, carbon capture research, and fleet electrification in bid to meet new climate goals