Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

Galen Weston, chairman and president of Loblaw, says the deal reflects the company’s efforts to become net zero by 2040.

He says it will turn Loblaw’s highest carbon-emitting energy market into its lowest – in a single step.Sobeys parent company Empire Co. Ltd. has said it’s working to achieve net zero by 2040 for the company’s direct and indirect emissions. It’s also gone a step further, saying it will work with its supply chain to ensure its suppliers are also working toward reduction targets.

Metro Inc. said it aims to reduce greenhouse gas emissions by 37.5 per cent by 2035 compared with 2020, for an average reduction of 2.5 per cent a year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Loblaw buying TC Energy renewable power for its Alberta operations - BNN BloombergLoblaw Companies Ltd has announced a deal with TC Energy that will see its electricity use in Alberta come from renewable sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Loblaw is reporting a $418M first-quarter profit - BNN BloombergLoblaw Companies Ltd. raised its dividend 10 per cent as it reported a profit available to common shareholders of $418 million for its first quarter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Loblaw Companies reports $418M Q1 profit, raises quarterly dividend 10%Revenue for the 12\u002Dweek period totalled nearly $13 billion, up from nearly $12.3 billion a year earlier
Source: TheTorontoSun - 🏆 23. / 68 Read more »