SOURCE: Cummins Inc.
DESCRIPTION:
Cummins is celebrating Earth Week by joining the CEO Climate Dialogue, a group of 22 companies and four leading environmental groups committed to advocating for climate action in the U.S. Congress.
The group is calling for aggressive steps to address the country’s climate-related challenges, including an economy-wide price on carbon to use the power of the market to help achieve the country’s carbon reduction goals in a “simple, coherent and efficient manner.”
“Climate action is consistent with Cummins’ mission of making people’s lives better by powering a more prosperous world,” said Cummins Chairman and CEO Tom Linebarger. “We support strong, market-based goals toward a carbon-neutral future and the CEO Climate Dialogue’s principle that a price on carbon is the best way to use the power of the market to achieve those goals.”
President Biden will hold a virtual climate summit with global leaders on Earth Day (Thursday).
“It is urgent that the President and Congress put in place a long-term federal policy as soon as possible to protect against the worst impacts of climate change,” the CEO Climate Dialogue says. “Acting sooner rather than later allows us to meet the climate challenge at the least possible cost and put the necessary investments in place in time to meet our emissions targets.”
In late 2019, Cummins released PLANET 2050, the company’s environmental strategy for acting on climate change and other environmental concerns. The plan includes specific, ambitious, and measurable goals timed to 2030 aligned with the Paris Agreement to address climate change, and the aspiration to be carbon neutral as a company by 2050.
Cummins has quickly emerged as a leader in low-carbon battery-electric and fuel cell electric technology as well as technology to increase the supply of renewable hydrogen. The company is also working to improve its more traditional product lines, including its diesel and natural gas engines. The company has long supported tough environmental standards, using its technological expertise to grow Cummins’ business, create jobs and improve communities.
KEYWORDS: climate, environmental, Corporate Responsibility, Cummins, NYSE:CMI
