Qantas Airways Ltd on Monday pledged to slash its carbon emissions to net zero b...
FILE PHOTO: Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018. Picture taken November 6, 2018. REUTERS/Phil Noble
The high-profile debate has spurred increasing numbers of environmentally conscious travellers and investors, putting pressure on the aviation industry.Qantas said it was looking to cap net emissions at 2020 levels and will invest A$50 million over 10 years to develop sustainable fuel to help lower carbon emissions by 80% compared with traditional jet fuel.
Qantas’ pledge coincided with an outbreak of deadly bushfires along Australia’s east coast, which experts have linked to climate change. Fund managers, pension funds, sovereign wealth funds and others are showing greater care when investing in companies, and have started limiting exposure to oil, gas and coal stocks.
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