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

by Mike Robinson

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© Reuters. FILE PHOTO: Bill Gates, Co-Chair of Bill & Melinda Gates Foundation leaves the Elysee Palace in Paris, France, April 16, 2018. REUTERS/Charles Platiau/File Photo

(Reuters) – Several U.S. companies, including American Airlines (NASDAQ:) Group Inc, General Motors (NYSE:) and Microsoft Corp (NASDAQ:), on Monday build on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates’ Breakthrough Energy program.

It aims to accelerate the advancement of technologies in order to meet the goal of zero carbon emissions by 2050.

The catalyst program is designed to attract money from companies, governments and philanthropists to invest in clean technology.

Breakthrough Energy also announced that Bank of America Corp, steelmaker ArcelorMittal SA (NYSE.) SA and Boston Consulting Group have joined the program.

American Airlines stated in a statement that it had invested $100 million. In the beginning, four areas will be addressed: green hydrogen storage, direct air capture and long-duration energy storage. Then, it will focus on sustainable aviation fuel.

This support comes in the context of President Joe Biden’s plan to increase carbon reduction. The White House stated earlier this month that it aimed to reduce aviation emissions by 20% by 2030.

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