With more and more climate action coalitions gaining traction, we feel things are looking up for us at EFT. Here’s the latest.
On November 2nd, the Global Methane Pledge was officially launched with a signatory count of more than 90 countries. The pledge, which aims for a 30% reduction in global methane emissions by the end of the decade, was supported by 15 of the top 30 methane emitters. On the same day, the US also launched its Methane Emissions Reduction Action Plan, which seeks to identify and adopt cost-effective alternative fuel sources. As the rest of the world prepares to follow suit, EFT continues to develop the kind of fossil-free fuel production methods that they’ll be turning to. For more about the pledge and steps to come, check out the full article here.
On October 28th, ten major airlines announced the formation of the Aviation Climate Taskforce (ACT). Dedicated to the reduction of aviation’s carbon footprint, the coalition has set absolute targets for 2030: a 20% decrease in greenhouse gas emissions from air operations and a 30% decrease from ground operations. They plan to meet these goals by investing in emerging technology that will decarbonize the industry. Great news for firms like EFT. Our patented, breakthrough technology is already creating engine-compatible sustainable aviation fuels. To learn more about ACT, visit their website here.
For real-time updates and more information about investing in EFT, you can visit our offering page. Also on the page is a link to our U.S. Securities and Exchange Commission-qualified Offering Circular.