Chevrolet Commits $40 Million to Reduce Carbon Dioxide Emissions

Chevrolet Commits $40 Million to Reduce Carbon Dioxide Emissions

Chevrolet, a division of General Motors, has announced a $40 million commitment to reduce carbon dioxide emissions by eight million metric tons by 2015.

The automaker will invest in clean energy projects that promote energy savings, renewable energy, responsible use of natural resources, and conservation in communities across the United States. Over the next three to five years, Chevy's commitment may include funding for installing smart energy sensors and solar panels in schools and other community-based facilities; supporting wind farms and solar projects that deliver renewable energy to the grid and also help family farms increase their revenues per acre; and contributing to forestry initiatives.

Grants will be administered through third-party organizations, including the Bonneville Environmental Foundation in Portland, Oregon, which is working to develop renewable energy and watershed restoration while empowering people to reduce their carbon footprint. To help define project criteria, GM has engaged a number of environmental affiliated with the Climate Neutral Business Network, including the Pew Center on Global Climate Change, the Climate Group, and the Bard Center for Environmental Policy.

"GM has made great progress in reducing our environmental impact, but we know we can do more," said GM CEO Dan Akerson. "Chevrolet's investment is an extension of the environmental initiatives we've been undertaking for years, because the solution to global environmental challenges goes beyond just vehicles."

"Chevrolet Invests in Clean Energy Projects Across America." General Motors Press Release 11/18/2010.