article thumbnail

FedEx pledges to be carbon neutral by 2040

GreenBiz

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. That fuel also accounts for 6 percent of its annual operating budget. FedEx already has made some progress with electric vehicles. Katie Fehrenbacher.

article thumbnail

Guardian halts fossil fuel advertising

Business Green

The Guardian has today become the first major global news organisation to announce a ban on advertising from oil and gas companies, despite the fossil fuels industry's role as a major advertiser and the media outlet admitting it faces a "precarious" financial future.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silicon valley startup develops hydrogen fuel cell powertain for potential zero-emissions aviation

Envirotec Magazine

Presented as a milestone in the effort to make aviation sustainable and reduce its greenhouse gas emissions, start-up firm ZeroAvia announced on 14 August seemingly significant advances in developing a zero-emission, hydrogen-fueled electric powertrain.

Aviation 172
article thumbnail

Amazon to buy bio jet fuel to lower air cargo emissions

GreenBiz

But the business of biofuels is a bit messier and — for bio jet fuel — at an earlier stage than procuring solar and wind energy or even purchasing electric vehicles. . On Tuesday, Neste announced that it delivered its first batch of sustainable aviation fuel via pipeline for airlines refueling at SFO to use.

Aviation 517
article thumbnail

Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’

DeSmogBlog

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

article thumbnail

Global warming is projected to exceed 1.8°C, according to McKinsey report

Envirotec Magazine

The report projects a rapid shift in the global energy mix, with the share of renewables in global power generation expected to double in the next 15 years while total fossil fuel demand is projected to peak before 2030, depending on the scenario. C by 2100, and reaching a 1.5°C C pathway is increasingly challenging. To keep the 1.5°C

article thumbnail

Halfway to net zero heaven

Business Green

UK emissions are down 52 per cent since 1990 and fossil fuels last year provided just a third of UK power - change is happening Some good news for the Bank Holiday weekend. per cent of the UK's electricity - a record low. per cent compared to 1990 levels. Coal, gas, and oil together generated just 34.3