Tag: British Airways

British Airways To Become The Largest Purchaser Of Carbon Removals In The UK As Part Of 2030 Environmental Drive

Stuart Mitchell

British Airways has signed a deal to purchase more than £9 million worth of innovative carbon removals credits in the United Kingdom and overseas as part of a six-year agreement. The deal is part of an ambitious drive to accelerate the airline’s climate change efforts between now and 2030. One ground-breaking scheme in Scotland will see CO2 emissions captured from whisky distilleries and repurposed into building materials. Another, spread across multiple locations in the UK, uses an enhanced rock weathering technique to lock away carbon for thousands of years. The…

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New deal demonstrates opportunity to scale finance for carbon removals

Stuart Mitchell

Standard Chartered, British Airways, CUR8, CFC and WTW recently announced the completion of a global first transaction to unlock finance for UNDO, a UK-founded carbon removal project developer specialising in enhanced rock weathering. The breakthrough transaction, which specifically provides debt financing for UNDO, now paves the way to scale finance for Carbon Dioxide Removal (CDR) projects elsewhere. The precise and novel structure of the transaction helps to overcome significant barriers when providing finance to carbon removal project developers like UNDO. It separates the cost of a project from the sale…

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British Airways overhauls airport equipment at Heathrow with multi-million-pound investment to help reduce emissions

Stuart Mitchell

British Airways is embarking on a multi-million-pound investment programme to overhaul its ground support equipment at Heathrow Airport, as part of its commitment to reducing emissions both in the air and on the ground. The airline will gradually be replacing its ground vehicles at Heathrow, such as vans and cars, cargo transporters and passenger steps, moving towards hybrid or electric alternatives where available. Already, more than 90% of British Airways’ vehicles and ground equipment at Heathrow are either zero emissions electrical equipment when being used or driven, (hybrids) or are…

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First-Of-A-Kind Pilot For Financing Carbon Removals Launches In Partnership Between CUR8, UNDO, British Airways And Standard Chartered

Stuart Mitchell

CUR8, a UK-based company dedicated to building the global market for carbon removals, in partnership with UNDO, a UK-founded, world-leading carbon dioxide removal project developer specialising in enhanced rock weathering, British Airways and Standard Chartered have launched a first-of-a-kind financing pilot to help scale up the carbon removals market. Financial solutions of this kind are a crucial step in enabling the carbon removals market to reach the multi-billion-tonne scale required, according to the IPCC, to limit global warming below 1.5 degrees. Carbon removal is the process of removing carbon dioxide…

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British Airways and Alzheimer’s Society announce new partnership

Stuart Mitchell

British Airways has announced a new partnership with Alzheimer’s Society to raise funds and support customers travelling with dementia. For someone living with dementia, travel can seem like an impossible challenge. That’s why British Airways (BA) is working with us through the airline’s BA Better World Community Fund in a new three-year partnership. Symptoms – including disorientation, memory loss and difficulties in planning – can mean losing track of your surroundings and getting lost, even in familiar places. But improvements in understanding, support, and accessibility can help transform the travel…

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