- 4AIR agreed to provide Sustainable Aviation Fuel (SAF) inventory accounting and documentation services Southwest Airlines Co LUV.
- As part of the agreement, 4AIR will assist Southwest in the allocation and documentation of certain Scope 3 emission reduction rights resulting from corporate use of SAF Customers participating in the SAF Beta program.
- Customers earn Scope 3 emission reduction rights resulting from Southwest’s use of SAF.
- also read: Southwest Airlines aircraft optics technicians approve a new agreement
- The move supports Southwest’s 10-year plan to maintain carbon neutrality at 2019 levels while continuing to expand its operations.
- The plan includes a goal of replacing 10% of all jet fuel consumption with Sustainable Aviation Fuel (SAF) by 2030.
- SAF is a key strategy to combat the aviation industry’s carbon emissions caused by climate change.
- Price promotion: LUV shares trade 0.38% lower at $32.63 on the latest check Monday.
- Photo via company
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