News

Carbon Emissions

AP News | Equities.com |

Air France-KLM is sending into the air what it calls its first long-haul flight with sustainable aviation fuel Tuesday. The plane is said to be using petroleum mixed with a synthetic jet fuel derived from waste cooking oils.

The company said the move toward sustainable aviation fuel or SAF is to support the creation of an industry that guarantees increasingly eco-responsible air transport. The jet is flying from Paris to Montreal, with a fuel mixture including 16% of sustainable fuel.


Kimberly Redmond | Equities.com |

Germany’s highest court ruled Thursday that the government’s climate protection plan was insufficient to protect future generations, ordering officials to set clear goals for reducing greenhouse gas emissions after 2030.

In its ruling, the Bundesverfassungsgericht, or Federal Constitutional Court, said Berlin’s reduction plan was “incompatible with fundamental rights” because it failed to cover the years beyond this decade and would “irreversibly offload major emission reduction burdens onto periods after 2030.”


Reuters | Equities.com |

Apple Inc on Tuesday called for the U.S. Securities and Exchange Commission (SEC) to require companies to disclose far-reaching emissions information such as how customers use their products, according to a tweet from Apple Vice President Lisa Jackson.

The comments by the iPhone maker mark the most specific prescription to date from a large public company about what disclosures are needed, said Veena Ramani, senior program director for Ceres, a Boston-based climate advocacy group.


Kimberly Redmond | Equities.com |

Mercedes-Benz maker Daimler AG plans to speed up its shift to electric cars but shared few details on how fast that transition would happen.

During its annual meeting Wednesday, the German auto company said it would accelerate the electrification of its product range and from its previously set target of half of its sales being zero-emissions vehicles by 2030.


Reuters | Equities.com |

Google’s Maps app will start directing drivers along routes estimated to generate the lowest carbon emissions based on traffic, slopes and other factors, the company announced on Tuesday.

Google, an Alphabet Inc unit, said the feature would launch later this year in the U.S. and eventually reach other countries as part of its commitment to help combat climate change through its services.


Kimberly Redmond | Equities.com |

California’s two U.S. senators, Dianne Feinstein and Alex Padilla, are urging President Joe Biden establish a firm deadline for U.S. automakers to end the sales of new cars powered by fossil fuels.

In a March 19 letter to Biden, the Democratic senators called on the president “to follow California’s lead and set a date by which all new cars and passenger trucks sold will be zero-emissions vehicles.”


Kimberly Redmond | Equities.com |

Jeep’s parent company, Stellantis NV (NYSE: STLA), has unveiled a concept version of a fully-electric Wrangler sport utility vehicle.

On Monday, the brand showed off a battery-powered version of its iconic SUV – dubbed the Magneto – which it plans to debut at this year’s Easter Jeep Safari, an off-road event that will take place in Moab, Utah, from March 27 to April 4.


Reuters | Equities.com |

Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go into production in Turkey in 2023 and include fully electric and hybrid variants along with the combustion-engined version.

The vans will be built by Ford Otosan, the No. 2 U.S. automaker’s joint venture in Turkey.


Kimberly Redmond | Equities.com |

American Honda Motor Co will start selling two all-electric sport utility vehicles starting with the 2024 model year.

Head of sales Dave Gardner told The Associated Press that the North American subsidiary of the Honda Motor Co Ltd (NYSE: HMC) will introduce one SUV under the Honda nameplate and the other under Acura.


Reuters | Equities.com |

Chevron Corp said on Tuesday it would keep project spending muted at around $14 billion through mid-decade and raised its climate goals, even as it took a different tack from major rivals by keeping its oil and gas production growing.

Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.