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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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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit

DeSmogBlog

Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. Lena Gonzalez (D-Long Beach) introduced legislation requiring both funds to divest from the 200 largest fossil fuel companies by the 2030s — holdings worth about $15 billion.

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BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

GreenBiz

BP, Shell, oil giants fund research into mobile carbon capture from ships at sea. Carbon capture will play an important role in reducing overall greenhouse gas emissions, but there's no reason it needs to be limited to stationary applications," said Michael Traver, head of OGCI's transport workstream. Michael Holder.

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'Imminent emissions inflection point': Why global CO2 from fossil fuels could peak in 2025

Business Green

There is growing confidence that clean technologies could start to squeeze the dominance of fossil fuels across the global economy, and potentially sooner than previously thought Whisper it, but is the dominance of fossil fuels across the global economy finally starting to wane? It's conclusions are similarly encouraging.

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Scotland to ban fossil fuel powered boilers in new homes from 2024

Business Green

Scottish Government unveils plans to ensure all new homes and properties are fitted with low carbon alternatives to gas boilers. The Scottish government has announced it plans to ban the installation of fossil fuel powered boilers in all new homes in Scotland from 2024.

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3 Predictions for US Renewables and Storage Markets in 2025

GreenTechMedia

By 2025, we will be well on our way to the clean energy future that we need. energy market will be in 2025 — with some caveats about what it will take to get there. Without energy storage, the excess solar energy produced during the day is wasted, requiring more fossil fuel-based power plants to meet the evening demand.

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UN chief: Fossil fuel firms without credible net zero plans 'should not be in business'

Business Green

By September this year, Guterres said all businesses, cities, regions, and financial institutions that have pledged to achieve net zero emissions by 2050 should present their transition plans "with credible and ambitious targets for 2025 and 2030", as recommended by the UN net zero expert group appointed by the secretary-general last year.