FedEx Going Electric, Aiming for Globally Carbon-Neutral Operations by 2040 naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
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 carbon dioxide from entering our atmosphere. In the meantime, the centre will also look into carbon offsets, especially for airline emissions, that will help achieve neutrality.
A few ways FedEx hopes to achieve carbon-neutral operations include:
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 three key areas: vehicle electrification, sustainable energy, and carbon sequestration. (Photo: Business Wire)
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.
FedEx is committing to reach carbon-neutral operations by 2040, aided in part by replacing its entire pickup and delivery fleet with zero-emission electric vehicles, the Memphis-based company announced Wednesday.
FedEx, which uses more than 200,000 motorized vehicles and 680 cargo aircraft to fuel its global delivery network, said in a news release it would put in an initial investment of more than $2 billion to help achieve the goal.
“We have a responsibility to take bold action in addressing climate challenges,” said Chairman and CEO Fred Smith in a statement. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”
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.