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Old 11-04-2022 | 08:56 AM
  #24  
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notEnuf
Racketeer
 
Joined: Mar 2015
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From: N60.4858 W149.9327
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Originally Posted by GogglesPisano
The way the political winds are blowing I think the emphasis will be on green technology. The industry will use biofuels and claim the flight is "carbon-neutral" on every news outlet with multiple press releases and a few parades. Then claim the next paradigm shift is "electric" airplanes or hydrogen or somesuch nonsense.

​​​​​​https://www.traveldailymedia.com/bri...20and%20Airbus.
Bio fuels is the focus.

From the last 10-Q:

Environmental Sustainability. During 2022, we are continuing to develop our climate transition plan and to pursue our short-, medium-, and long-term climate goals. In July 2022, Science Based Targets Initiative (SBTi) validated our medium-term goal to reduce well-to-wake (lifecycle) scope 1 and 3 jet fuel greenhouse gas emissions by 45% per revenue tonne kilometer by 2035 from a 2019 base year. We expect our path toward achievement of these goals to depend heavily on improved fuel efficiency from fleet renewal, increased use of sustainable aviation fuel (SAF) which is not presently available at scale or at prices competitive to jet fuel, operational initiatives and technological innovation. In the nine months ended September 30, 2022, we incurred $98 million of expense related to carbon offset credits, which relates to a portion of our airline segment's 2021 and March 2022 quarter carbon emissions. As we continue to work on accelerating our long-term, net-zero greenhouse gas emissions goal, our vision of the path forward will require multiple initiatives, centered on a long-term strategy of decarbonization; we therefore expect substantially all of our investment going forward will be focused on solutions other than carbon offsets.

At least we are getting away from the offset (forest hostage and racketeering) business.
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