United Airlines Moves to Create a Cleaner Future with $40 Million Sustainable Fuel Investment Fund

By Jeremy Del Nero on 27 October 2019
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United's CEO Oscar Munoz

United Airlines CEO Oscar Munoz

United Airlines announced it plans to create and fund what it termed a new investment vehicle that will focus sustainable aviation fuel innovations.

The Chicago-based airline, which is the only U.S. airline that uses sustainable fuel on a regular basis, said it invest $40 million in the new fund, which will support the development of such fuel types as well as other decarbonization technologies.

“We aspire to be the airline leading the revolution to fight climate change,” said the airline’s president, Scott Kirby.

The term decarbonizationmeans the reduction of carbon. What is meant by decarbonization is the conversion to an economic system that sustainably reduces and compensates the emissions of carbon dioxide, with a long-term goal is to create a CO₂-free global economy.

In 2018, United pledged to reduce its carbon footprint by 50% by the year 2050.

“At United, we believe there is no point in setting challenging and ambitious goals without also taking tangible steps towards achieving them, especially when it comes to securing the health of our communities and our planet,” said the airline’s CEO, Oscar Munoz, at the time.

(Photo: Accura Media Group)

Accura News

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