Home > Breaking News > Industry Commits to Net-Zero Emissions by 2050

Industry Commits to Net-Zero Emissions by 2050

The Northeast’s heating oil industry resolved to achieve net-zero carbon dioxide (CO2) emissions by 2050.

The goal was set at a Northeast Industry Summit, “Responding to the Climate Agenda,” held Sept. 16 during the Heating & Energizing America Trade Show at the Rhode Island Convention Center. More than 300 participants from New England and New York attended the summit and approved the resolution, the New England Fuel Institute and other trade associations said in a statement.

The statement described the goal as “ambitious.” The resolution calls for a 15% reduction in CO2 emissions by 2023; a 40% reduction by 2030; and net-zero-carbon emissions by 2050. The resolution also directs industry associations and other groups assembled at the meeting to work with each other to achieve these emissions reductions.

The resolution was raised by event moderator Charles Uglietto of Cubby Oil & Energy in Somerville, Mass., and seconded by Rick Bologna, of Westmore Fuel in Greenwich, Conn.

“I am thrilled that our industry came together to support a cleaner and greener future for our environment, our customers and the entire Northeast region,” said Uglietto. “Resolving to achieve a net-zero carbon footprint positions our industry as a key player in the climate change discussions happening in halls of government, local communities and dinner tables across the country.”

“The heating oil professionals gathered here represent the backbone of Main Street America,” said NEFI President and CEO Sean Cota. “These companies are already delivering renewable liquid heating fuels, and this resolution doubles-down on our ongoing commitment to help protect the environment and ensure a sustainable future.”

National Biodiesel Board CEO Donnell Rehagen said, “The heating oil and biodiesel and renewable diesel industries work together to provide homes and businesses with low-carbon fuel options. We are excited to see this partnership strengthening and look forward to a continuing collaboration.” The Northeast heating oil industry delivers renewable liquid heating fuel to more than 5 million homes and businesses across the region — 80% of the national heating oil market. The average retail heating oil company is a multi-generation family-owned and -operated business with a median of 25 employees. NEFI was a lead organizer of the 2019 Northeast Industry Summit and HEAT Show, partnering with the Connecticut Energy Marketers Association, Energy Marketers Association of New Hampshire, Maine Energy Marketers Association, Massachusetts Energy Marketers Association, New York Oil Heating Association, Oil Heat Institute of Rhode Island and Vermont Fuel Dealers Association, all of whom supported the resolution. Representatives from the American Energy Coalition (AEC), National Oilheat Research Alliance (NORA), and the Oilheat Manufacturers Association (OMA) were present to contribute their expertise. For more information, visit nefi.com or heatshow.com or call 800-796-3342.

Leave a Reply

Your email address will not be published. Required fields are marked *

*