JetBlue to go carbon neutral starting July 2020
JetBlue Airways Corp. said Monday that it will offset carbon dioxide emissions from fuel used on domestic flights beginning July 2020. The company said it will continue to partner with the nonprofit Carbonfund.org, which JetBlue has worked with since 2008 to offset more than 2.6 billion points of carbon dioxide emissions. This new commitment will be an offset of an additional 15 billion to 17 billion pounds of emissions. JetBlue has also agreed to purchase sustainable aviation fuel from Neste, a producer of renewable diesel that's made from waste and residue raw materials, starting in 2020. In addition to other offset efforts, JetBlue has also purchased 85 new fuel-efficient Airbus planes and has modernized its air-traffic control. JetBlue stock is up 11.7% for the past year while the S&P 500 index has gained 28% for the period.
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