Industrial | Page 46

In just the past two months, record-shattering torrential rains have wreaked havoc on homes and businesses in Texas, the west coast and the Midwest, along with Pakistan, Australia, China and other parts of the globe. Mindy Lubber, President and CEO of Ceres, explains why these and other financial impacts from the systemic climate trends are hugely relevant as the U.S. Securities and Exchange Commission considers its next move in its push to significantly strengthen corporate climate disclosure rules.

Fortescue Metals Group Ltd aims to eliminate fossil fuel use and achieve real zero terrestrial emissions (Scope 1 and 2) across its iron ore operations by 2030.

The U.S. Department of Energy's 2022 Better Plants Progress Update shows that partners have cumulatively saved more than $10.6 billion in energy costs, 2.2 quadrillion Btus of energy, and more than 130 million metric tons of CO2 to date. The report highlights four Better Plant partners who achieved their energy intensity reduction goals in the past years and takes a look at Focusing on Decarbonization.

Air Canada announced a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace of Sweden.

Samsung Electronics Co., Ltd. announced its new environmental strategy with commitments to achieve enterprise-wide net zero carbon emissions and plans to use more renewable energy.

Western Massachusetts installed the first ever vehicle-to-grid (V2G) bidirectional charging stations in the visitor parking lot outside of FirstLight’s Northfield Mountain Pumped Hydro Storage Station.

Firmenich, a privately-owned fragrance and taste company, announced Scope 1 and 2 emissions were reduced by 36.1% vs. 2017 while the new ingredients sites reduced Scope 1 and 2 emissions by 12.2% vs. 2020.

Sierra Northern Railway (SERA) unveiled its hydrogen powered switching locomotive. This zero emission switching locomotive is slated to be completed on schedule.

Peyto Exploration & Development Corp. announced its Scope 1 and 2 GHG emissions intensities were determined at 18.1 kgCO2e per boe of production in 2021, representing a 28% reduction from 2013 levels.