Air Canada makes significant investment in SAF technology
Air Canada has announced plans to invest $50 million (€42 million) in sustainable aviation fuel (SAF).
This is part of its long-term commitment to advance climate change sustainability throughout its business.
The airline has set ambitious climate targets to realise a goal of net-zero greenhouse gas emissions (GHG) throughout its global operations by 2050.
To reach this, Air Canada has set absolute midterm GHG net reduction targets by 2030 in its air and ground operations compared to its 2019 baseline.
Michael Rousseau, president and CEO at Air Canada, said: "Economic growth and sustainability are equally important, and we have a strong track record for both.
“Despite the severe impact of the COVID-19 pandemic, we remain deeply committed to long-term sustainability. Climate change is critical, and we believe we can and must do more to address this for the future of our environment.
“This is why we are further embedding climate considerations into our strategic decision-making, and undertaking a very ambitious plan that is meaningful, will support Canada's leadership position on climate change, advance de-carbonisation in the airline industry while keeping fares affordable for customers.”
Air Canada said it was focused on investing in innovative, long term, sustainable emission reduction solutions.
Absolute 2030 midterm GHG reduction targets have been set to ensure meaningful progress towards Air Canada's ambitions net zero goal while the airline, technology and energy sectors are transitioning to low carbon alternatives.
This is part of its long-term commitment to advance climate change sustainability throughout its business.
The airline has set ambitious climate targets to realise a goal of net-zero greenhouse gas emissions (GHG) throughout its global operations by 2050.
To reach this, Air Canada has set absolute midterm GHG net reduction targets by 2030 in its air and ground operations compared to its 2019 baseline.
Michael Rousseau, president and CEO at Air Canada, said: "Economic growth and sustainability are equally important, and we have a strong track record for both.
“Despite the severe impact of the COVID-19 pandemic, we remain deeply committed to long-term sustainability. Climate change is critical, and we believe we can and must do more to address this for the future of our environment.
“This is why we are further embedding climate considerations into our strategic decision-making, and undertaking a very ambitious plan that is meaningful, will support Canada's leadership position on climate change, advance de-carbonisation in the airline industry while keeping fares affordable for customers.”
Air Canada said it was focused on investing in innovative, long term, sustainable emission reduction solutions.
Absolute 2030 midterm GHG reduction targets have been set to ensure meaningful progress towards Air Canada's ambitions net zero goal while the airline, technology and energy sectors are transitioning to low carbon alternatives.
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