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Axios | 6/23/2018 | Haley Britzky
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Major companies in the U.S. and worldwide are increasingly taking steps to lower the carbon footprint of what they produce, how they ship goods, and the energy they buy.

They're driven by market signals, government mandates, reputational interests, investor pressure and other factors. Here's a few snapshots of how some major industries are approaching the topic.

Oil - Number - World - Oil-and-gas - Companies

Big oil: A number of the world's biggest oil-and-gas companies are ramping up their investments in low-carbon technologies like renewables and electric vehicle infrastructure.

For instance . . .

Shell - Company - Carbon - Footprint - Energy

Shell: In late 2017 the company pledged to cut the "net carbon footprint of its energy products by around half by 2050," with an interim reduction goal of 20% by 2035.

The company also said spending on its alternative energies division would reach $2 billion per year by 2020.

Shell - Energy - Firms - Purchase - EV

And Shell is increasingly buying or investing in low-carbon energy firms, such as its 2017 purchase of the EV charging company NewMotion and recent investment in the battery storage firm Sonnen.

BP: The company this year made a high-profile pledge to lower emissions of methane, a potent greenhouse gas, from its operations. Like Shell and some other majors — led by European firms — the company is boosting investment in renewables and batteries.

Moves - Investment - Percent - Stake - Power

Recent moves include a three-year, $200 million investment to gain a 43 percent stake in the solar power company Lightsource, and May's announcement that BP's venture arm is investing $20 million in the EV battery firm StoreDot.

Yes, but: These investments represent a very small part of the industry's overall spending. Consider that last year's Shell's overall capital spending was...
(Excerpt) Read more at: Axios
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