DETROIT – General Motors and a Shell-owned power company will unveiled a partnership aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars.
Why it matters: It’s a new way for two corporate giants to expand their operations in a way that lowers emissions at the customer and supplier level.
The big picture: In the process, the two companies — one a giant fossil fuel producer, the other a manufacturer of oil-hungry products — can make progress toward their corporate emissions goals.
- GM, for example, has set a target of being carbon neutral in its global products and operations by 2040, while Shell is aiming for a net-zero emissions energy business by 2050.
- GM’s goal requires the company to make significant cuts in the emissions from the vehicles it sells (known as Scope 3 emissions).
- Shell’s target includes not only the energy consumed through its own operations, but the emissions from the fuels it sells to its customers.
