The Climate Group welcomes Chevrolet’s $40M Clean Energy Initiative
- 23 November 2010
NEW YORK. On November 18, General Motors announced that its Chevrolet brand would invest $40 million in projects to offset carbon emissions across America. The company’s goal is to reduce 8 million metric tons of carbon dioxide emissions through community projects that promote energy savings, renewable energy and the responsible use of natural resources and conservation.
These investments in carbon-reducing projects will be implemented over the next three to five years through third-party organizations. To define project criteria and the program’s investment portfolio, GM is leveraging a network of advisors through the Climate Neutral Business Network which comprises leading environmental and public policy experts including The Climate Group’s deputy CEO, Mark Kenber.
“We need continued action from U.S. automakers like GM if we, as a country, are to achieve the necessary carbon reductions in the transport sector,” said Amy Davidsen, US Executive Director for The Climate Group. “Given the huge opportunities for those car companies that act to develop low-carbon alternatives, we welcome GM’s decision to embrace the global warming challenge and commit itself to reducing carbon emissions.”
“The U.S. is one step closer to receiving the first mass-marketed plug-in vehicle with the arrival of the electric-powered Chevrolet Volt later this year,” said Jim Walker, co-founder of The Climate Group. “We look forward to seeing further progress from major American original equipment manufacturers (OEMs) with the roll-out of electric vehicles and real effort to make the auto sector a standard bearer for the shift to a prosperous low carbon economy.”