U.S. Steel sets net-zero target for emissions
By JEFF STITT
jstitt@yourmvi.com
In honor of Earth Day, U.S. Steel has set an ambitious environmentally friendly goal for itself.
President and CEO David B. Burritt announced this week that the company has expanded its commitment to sustainability by targeting net-zero emissions by 2050.
U.S. Steel also announced its membership in ResponsibleSteel, a global not-for-profit forum for all members of the steel supply chain and civil society organizations to work together to promote steel’s contribution to a sustainable future.
U.S. Steel is the first steel company in North America to become a member of ResponsibleSteel.
Achieving net-zero status at U.S. Steel
“Climate change is a global crisis that requires a global response. Today, by announcing our net-zero goal, U.S. Steel is committing to doing our part to support the U.N. Paris Agreement on climate change to achieve global carbon neutrality by 2050.” Burritt said. “With our 120-year history of innovating to solve any challenge, U.S. Steel intends to be a part of the climate solution.”
To achieve its net-zero goal for 2050, the company expects to leverage its growing fleet of electric arc furnaces. That move is coupled with other technologies such as direct-reduced iron, carbon-free energy sources, carbon capturing, sequestration and utilization.
Achievement of the goal also depends on public-private collaboration across industries and global stakeholders to develop supportive innovative breakthroughs, including access to commercially available carbon-neutral electricity sources, U.S. Steel said in a prepared statement.
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