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Nearly half of Fortune 500 have carbon reductions goals

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With Government in Retreat, Companies Step Up Emissions Reductions Efforts

By HIROKO TABUCHIAPRIL 25, 2017 Continue reading the main story

Nearly half of the Fortune 500 biggest companies in the United States have now set targets to shrink their carbon footprints, according to a report published Tuesday by environmental organizations that monitor corporate emissions pledges. Twenty-five more companies adopted climate targets over the last two years, the groups said.

Almost two dozen companies, including Google, Walmart and Bank of America, have pledged to power their operations with 100 percent renewable energy, with varying deadlines, compared with just a handful in 2015. Google’s data centers worldwide will run entirely on renewable energy by the end of this year, the technology giant announced in December.

“We believe that climate change is real, and it’s a severe crisis,” said Gary Demasi, who directs Google’s energy strategy. “We’re not deviating from our goals.”…

…The laggards, by far, are energy companies. Exxon Mobil, Chevron and Phillips 66 — the largest emitters of the pack — all have no specific public targets to reduce greenhouse gases, improve energy efficiency or shift to renewable energy. Neither did nine out of 10 other companies in the energy sector.

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