Login

General Motors, American Airlines, Microsoft Join Gates-Backed Programme To Boost Clean Energy

Several U.S. companies, including American Airlines Group Inc, General Motors and Microsoft Corp, on Monday build on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates' Breakthrough Energy programme.
Calendar-icon

By Carandbike Team

clock-icon

1 mins read

Calendar-icon

Published on September 20, 2021

Follow us on

google-news-iconWhatsapp-icon
Story

Highlights

    Several U.S. companies, including American Airlines Group Inc, General Motors and Microsoft Corp, on Monday build on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates' Breakthrough Energy programme.

    The initiative aims to boost development of technologies to achieve the target of net-zero carbon emissions by 2050.

    Its catalyst program aims to raise money from governments, philanthropists and companies to make capital investments to bring down the cost of clean technology.

    3g728rog

    The programme aims to raise money from governments, philanthropists and companies to make capital investments to bring down the cost of clean technology

    Bank of America Corp, steelmaker ArcelorMittal SA, Boston Consulting Group and the philanthropic arm of asset manager BlackRock Inc have also joined the program, Breakthrough Energy said on Monday.

    American Airlines said in a statement it has invested $100 million. The program will initially focus on four key areas: direct air capture, green hydrogen, long-duration energy storage and sustainable aviation fuel.

    The support from U.S. companies comes against the backdrop of President Joe Biden's plans to accelerate carbon cutting. Earlier this month, the White House said it was targeting 20% lower aviation emissions by 2030.

    (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.

    Great Deals on Used Cars

    View All Used Cars

    Explore More