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American Airlines, Microsoft join Gates-backed program to boost clean energy

American Airlines, Microsoft join Gates-backed program to boost clean energy
American Airlines, Microsoft join Gates-backed program to boost clean energy   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> – Several U.S. companies, including American Airlines Group Inc, General Motors and Microsoft Corp, on Monday build on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates’ Breakthrough Energy program.</p> <p>The initiative aims to boost development of technologies to achieve the target of net-zero carbon emissions by 2050. </p> <p>Its catalyst program aims to raise money from governments, philanthropists and companies to make capital investments to bring down the cost of clean technology. </p> <p>Bank of America Corp, steelmaker ArcelorMittal SA, Boston Consulting Group and the philanthropic arm of asset manager BlackRock Inc have also joined the program, Breakthrough Energy said on Monday.</p> <p>American Airlines said in a statement it has invested $100 million. The program will initially focus on four key areas: direct air capture, green hydrogen, long-duration energy storage and sustainable aviation fuel. </p> <p>The support from U.S. companies comes against the backdrop of President Joe Biden’s plans to accelerate carbon cutting. Earlier this month, the White House said it was targeting 20% lower aviation emissions by 2030. </p> <p/> </div>