Dominion Energy Targets Net-Zero Emissions by 2050
February 11 2020 - 11:15AM
Dow Jones News
By Maitane Sardon
Dominion Energy Inc. said Tuesday that it will aim to reach
net-zero carbon-dioxide and methane emissions by 2050 in its
electricity-generation and gas-infrastructure operations, as part
of its goal to combat climate change.
The company said it will decrease its methane emissions by 65%
by 2030 and 80% by 2040 compared to 2010 levels.
To reach its goal, the U.S. utility said it will extend licenses
for its zero-carbon nuclear generation fleet, promote
energy-efficiency programs among its customers and invest in
renewable power--including wind and solar energy.
In addition to reducing its own emissions, it said it will help
accelerate greenhouse-gas reductions in other industries, including
transportation, agriculture and manufacturing.
Dominion will improve its electric grid to speed up the
deployment of electric-vehicle charging infrastructure, and is also
working on developing an electric school bus program in the U.S, it
said.
In agriculture, the company said it is partnering with hog and
dairy producers and has committed to $700 million in shared
investments to capture methane emissions from farms and use
renewable natural gas to serve homes, businesses and vehicle
fleets.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
February 11, 2020 11:00 ET (16:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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