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United Parcel Service Inc. said investing in 2,500-plus greener vehicles and smarter logistics helped its drivers cut fuel and carbon emissions, as they delivered around 15.8 million packages each business day last year. The world’s biggest package-delivery company said it supports the development of jet-engine biofuels while it aims to reduce emissions from its airline by 20 percent by 2020, compared with 2005 [...]
General Electric Co. has a $1.5 trillion-a- year opportunity in front of it, said Mark L. Vachon, vice president of “ecomagination,” the company’s signature environmental strategy. The world’s largest maker of power-generation equipment recently announced it made $21 billion in revenue last year from “green” products through its ecomagination program. “The overall portfolio grew well [...]
Goldman Sachs Group Inc. said it could exceed a target set in May this year for $40 billion investment in renewable energy over the next decade. Speaking to Clean Energy and Carbon Brief, Kyung-Ah Park, head of its environmental markets group said that although the market remains “challenging,” the firm should be able to achieve [...]
With the opening ceremony of the London Olympics and the first of the games now underway, an estimated 600,000 visitors from around the world are expected to attend the 27-day event. David Stubbs, head of sustainability for the Games, said new standards were set in making sustainability a more sophisticated part of the event. He [...]
Kimberly-Clark Corp., maker of Kleenex tissues and Huggies diapers, is exploring opportunities to “shift from virgin fiber,” for its paper-based products, said Suhas Apte, its vice president for global sustainability. Apte said the company is researching how it can use secondary fiber, otherwise known as waste paper, and still deliver “consumers’ expectations” of softer tissues. [...]
The Inter-American Development Bank may raise this year its private sector financing for “climate-friendly” projects to “up to $1 billion,” said Patrick Doyle, senior climate and energy officer of the structured and corporate finance department. In 2011 it approved about $750 million in loans for projects worth $4.1 billion. This comes after the bank’s announcement [...]
Improving fuel economy in “every segment” of its business is the “biggest thing” Ford Motor Co. can do to be sustainable and profitable, said John Viera, global director of sustainability and vehicle environmental matters. “It all translates back to our customers wanting that fuel-efficiency,” he said. Ford hopes to meet this need, in one way, [...]
California air regulators are speaking more with Chinese and South Korean governments than with U.S. officials, as the eighth-largest economy and the Asian nations prepare to launch cap-and-trade programs. “I don’t say that with pride,” said Mary Nichols, chairman of the California Air Resources Board, which will administer the state’s system when compliance begins in [...]
