APS’s purpose features a 2030 goal of reaching a useful resource combine that’s 65% clear energy, with 45% coming from renewable energy. The firm will finish all coal-fired era by 2031, seven years ahead of beforehand projected.
As You Sow, a nonprofit group that promotes environmental and social company accountability, has labored with APS over time in search of to cut back the corporate’s reliance on fossil-fuel-based energy, efficiently reaching withdrawal agreements after submitting shareholder resolutions in 2017 and 2019.
“We commend APS for this important step toward addressing its climate impact and positioning itself to thrive in the coming clean energy economy,” says Lila Holzman, energy program supervisor of As You Sow. “APS’s leadership shows that it is feasible for the power sector to proactively plan to transition away from all fossil fuels.”
As buyers ramp up strain on firms to handle greenhouse fuel emissions, utilities are accelerating their climate ambitions by setting long-term, net-zero targets. Investors proceed to work with these utilities to make sure that targets are adopted with significant planning and motion.
“We are pleased that APS highlighted in its announcement an expectation to move beyond natural gas and focus on renewable energy and storage,” provides Holzman. “Utilities must plan well in advance and avoid investing in fossil assets with high potential for stranding.”
To be taught extra about As You Sow’s work on climate change, click on here.
Photo: As You Sow’s emblem