Chevrolet to Invest $40 Million in U.S. Clean Energy Projects
December 8, 2010
Chevrolet announced on November 18 that it would invest $40 million in various clean energy projects throughout the United States during the next three to five years. The carmaker said its goal is to reduce 8 million metric tons of carbon dioxide emissions, or the amount of CO2 generated during one year of electricity use in nearly 1 million homes. The initiative will focus on projects that promote energy savings, renewable energy, and responsible use of natural resources.
The company said it would consider projects including providing energy efficient technology such as smart energy sensors and solar panels to schools and other community-based facilities, supporting wind farms and solar projects, and capturing methane from landfills. Chevy will be making investments through third-party organizations such as Bonneville Environmental Foundation, a nonprofit organization based in Portland, Oregon. To define project criteria and the program’s investment portfolio, Chevy's parent company General Motors has engaged environmental experts, non-government organizations, and academics through the Climate Neutral Business Network consultants. See the Chevy press release and its carbon reduction Web site.