Month: March 2022

Ford Accelerating Transformation: Forming Distinct Auto Units to Scale EVs, Strengthen Operations, Unlock Value

Stuart Mitchell

Ford is continuing to transform its global automotive business, accelerating the development and scaling of breakthrough electric, connected vehicles, while leveraging its iconic nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities. “This isn’t the first time Ford has reimagined the future and taken our own path,” said Ford Executive Chair Bill Ford. “We have an extraordinary opportunity to lead this thrilling new era of connected and electric vehicles, give our customers the very best of Ford, and help make a real difference for the…

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55 Companies Ranked on Net Zero Emissions Reductions

Stuart Mitchell

Shareholder representative As You Sow has released “Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress,” a report ranking companies on their progress in aligning emissions reductions with the 1.5-degree Paris Agreement goal. The report finds a significant number of companies are making progress in measuring and disclosing greenhouse gas (GHG) emissions, and many are setting GHG reduction targets, but the vast majority are not making progress in aligning year-on-year emissions reductions with global 1.5-degree climate goals. Of the 55 companies ranked, only three companies — Microsoft, PepsiCo,…

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Climate change: a threat to human wellbeing and health of the planet. Taking action now can secure our future

Stuart Mitchell

Human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people around the world, despite efforts to reduce the risks. People and ecosystems least able to cope are being hardest hit, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report, released recently. “This report is a dire warning about the consequences of inaction,” said Hoesung Lee, Chair of the IPCC. “It shows that climate change is a grave and mounting threat to our wellbeing and a healthy planet. Our…

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CFM and Airbus to Pioneer Hydrogen Combustion Technology

Stuart Mitchell

CFM International (CFM), the 50/50 joint company between GE and Safran Aircraft Engines, and Airbus have signed an agreement to collaborate on a hydrogen demonstration program that will take flight around the middle of this decade. The program objective is to ground and flight test a direct combustion engine fueled by hydrogen, in preparation for entry-into-service of a zero-emission aircraft by 2035. CFM will modify the combustor, fuel system, and control system of a GE PassportTM turbofan to run on hydrogen. The engine, which is assembled in the U.S., was…

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TotalEnergies Begins Producing Sustainable Aviation Fuel At Its Normandy Platform

Stuart Mitchell

TotalEnergies’ Normandy platform has successfully started production of sustainable aviation fuel1  (SAF). This new site complements the biojet fuel production capacities of La Mède biorefinery (Bouches-du-Rhône) and the Oudalle plant (Seine-Maritime). This move enables TotalEnergies to meet demand from its customers and respond to French legislation, which calls for aircraft to use at least 1% SAF effective January 1, 2022. TotalEnergies will also produce SAF at its Grandpuits zero-crude platform southeast of Paris starting in 2024. All of the biojet fuel, which is destined for French airports, will be produced…

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