“By committing all countries to action, the agreement expands markets for innovative clean technologies and creates jobs and economic growth,” the letter said. “U.S. companies are well positioned to take a leadership role, and a lack of U.S. involvement could jeopardize their access to these growing markets.” In a letter to the president organized by the Center for Climate and Energy Solutions (C2ES), more than a dozen companies said the U.S. continued participation in the deal would help them manage growing climate risks and compete in growing global clean energy markets. LONDON ( AP) — National Grid is publicly campaigning for the United States to remain in the Paris Climate Agreement. This new decision in the company`s longstanding support for the agreement follows the start of the United States` formal withdrawal from the Paris Climate Agreement in November. The exit process, if it progresses, will be completed at this time next year. The Paris Agreement has been ratified by 143 countries, including the United States. The White House made a decision on whether or not to keep the deal before the president attended the G7 summit in Italy at the end of May.
National Grid has fully supported the Paris Climate Agreement – and its goal of limiting global temperature rise to two degrees Celsius above pre-industrial levels – from the outset. The company also recently announced its goal to reduce its own greenhouse gas emissions to net zero by 2050 in its U.S. and U.K. operations. National Grid`s ambitions align with its commitment to helping its communities deeply decarbonize the economies of Massachusetts, New York and Rhode Island. To learn more about National Grid`s progress in the U.S., check out: www.nationalgridus.com/net-zero Details were documented in the first annual national Net Zero Plan Update Report released today. The report outlines the company`s emissions profile for its direct and indirect greenhouse gas emissions, focuses on fairness, affordability and equity, and details how the company intends to move forward during the critical decade of the 2020s. The report also describes the steps the company has taken so far to achieve reductions.
Highlights include plans to work together to expand transmission lines that will connect 1,000 megawatts of clean energy to the New York City grid. “Corporate governance has been critical to the implementation of the Paris Agreement,” Perciasepe said. “But the deal will only keep its full promise if the U.S. stays on board. These companies from across the U.S. economy present the clear business case to achieve this. The letter also notes that strengthening global action over time will reduce future climate impacts that damage or disrupt business facilities and operations, supply chains, agricultural productivity and water supply. In “Our Contribution”, we set ourselves the goal of reducing our emissions by 80% by 2050 and by 45% by 2020 compared to the 1990 base year.
We have far exceeded our 2020 target and have already reduced our emissions by 70%. The companies told the president that U.S. participation in the Paris Agreement helps them compete and plan for future investments by ensuring a more balanced global climate effort, setting long-term goals, improving transparency, and promoting market-based cost-cutting approaches. Current policies limit each user to a total of no more than 10 requests per second, regardless of the number of computers used to send requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that make excessive requests. In the UK, our electricity transmission business has set a target of becoming climate neutral on all projects by 2026, while Gas Transmission applies it to all major projects. The electricity grid operator has also committed to operating the UK`s carbon-free electricity grid by 2025. WASHINGTON – Major corporations in the U.S. economy today called on President Trump to keep the United States in the Paris Climate Agreement.
Supporting society in decarbonisation is the greatest contribution we can make to the environment. This means facilitating the interconnection of low-carbon renewable energy sources in the UK and the US and achieving the technical capacity to operate a carbon-free electricity system. But our own carbon footprint is also important. We need to consider our direct impact, from the harmful emissions we emit ourselves to the indirect effects of our emissions from the supply chain. In the U.S., all of our major projects are using carbon pricing to evaluate other options. In 2021, we will develop a core CARBON INTENSITY for such projects, with the aim of setting reduction targets from 2022. In our Responsible Business Charter, you will find the commitments that will help us achieve carbon neutrality. If a user or application submits more than 10 requests per second, other requests from the IP address may be limited for a short time. Once the request rate drops below the threshold for 10 minutes, the user can continue to access content on SEC.gov.
This SEC practice is designed to limit excessive automated searches of SEC.gov and is not intended or should not affect individuals browsing the website SEC.gov. “In just one year since the launch of our Net Zero plan, we have rolled up our sleeves and made real progress in reducing emissions,” said Badar Khan, President of National Grid, USA. “We still have a long way to go, but the next decade will require us to act quickly. We keep our customers informed every step of the way and publish annual updates. I`m proud of the work we`ve done so far and I`m looking forward to picking up the race for carbon neutrality. Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. The letter was signed by Apple, BHP Billiton, BP, DuPont, General Mills, Google, Intel, Microsoft, National Grid, Novartis Corporation, PG&E, Rio Tinto, Schneider Electric, Shell, Unilever and Walmart. These 16 Fortune 500 companies are among the leading U.S. retail, technology, energy, mining, pharmaceutical, manufacturing and consumer goods companies with a combined market capitalization of nearly $3.4 trillion. John Pettigrew, CEO of National Grid, said: “The scale and potential impact of the climate crisis has never been more real. At National Grid, we know we have a critical role to play in accelerating towards a cleaner future and we are determined to do our part.
For best practices for efficiently downloading information from SEC.gov, including the latest EDGAR submissions, see sec.gov/developer. You can also sign up for email updates to the SEC Open Data program, including best practices that make downloading data more efficient and improvements SEC.gov that can affect scripted download processes. For more information, please contact firstname.lastname@example.org. To view the joint union-management statement on the Paris Agreement signed by Pettigrew, please click here. During this critical decade, the company will continue to expand and expand many of these initiatives and launch new initiatives to reduce emissions, integrate renewable energy, decarbonize heat and electrify transportation. The company has already reduced its direct emissions by 71% compared to 1990 levels. “U.S. trade interests are best served by a stable and practical framework that allows for an effective and balanced global response,” the letter said. “We believe the Paris Agreement provides such a framework.” For more information, visit our website, follow us on Twitter, watch us on YouTube, befriend us on Facebook and find our photos on Instagram. “The promise of the Paris Agreement is a just and prosperous world – something that can only be achieved through a joint effort by business, unions and governments that puts climate action at the heart of everything we do.” The lock is automatically unlocked while waiting 10 minutes. If you continue to exceed the SEC`s maximum allowable application rate during the expiration period, the duration of the expiration period will be extended. To ensure equitable access for all users, please reduce the rate of your requests and review SEC.gov after the 10-minute break expires.
This has been achieved through a number of initiatives in the UK and the US, supported by specific internal objectives. We have applied carbon pricing to our investment decisions and reduced the carbon intensity of our construction projects. Other emission reduction measures include programs to replace leaking gas lines, upgrade electricity transmission infrastructure to reduce energy losses, and increase the energy efficiency of U.S. consumers` energy consumption. C2ES President Bob Perciasepe said: “Business leaders recognise the costly impacts of climate change and the opportunities for jobs and growth in a clean technology future. WALTHAM, MA – In the year since launching its Net Zero plan, National Grid has made progress in its efforts to improve energy efficiency, integrate clean energy resources and reduce carbon emissions across the company`s overall footprint. . About National Grid: National Grid (NYSE: NGG) is an electric, natural gas, and cleanliness utility that serves more than 20 million people through our grids in New York, Massachusetts, and Rhode Island. .