FedEx announces lofty goals for biofuel use, emissions cuts

05/1/2009 | Reuters

FedEx intends to have second-generation biofuel sources such as jatropha and algae to provide a third of its fuel supply by 2030 and to slash its greenhouse-gas emissions from air operations by 20% per available ton mile by 2020. "And we pledge our support for environmentally friendly alternative fuel projects, which should be stepped up by funds designated for fuel research in the current stimulus package," CEO and Chairman Fred Smith told the U.S. Chamber of Commerce Aviation Summit. Smith also called for improvements to the air traffic control system, which he said could cut aviation greenhouse gas emissions by as much as 12%.

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