Facebook Recommits to Renewable Energy With 2020 Pledge

Facebook Pledges to Power Operations With 100% Renewable Energy Within Two Years

Facebook Pledges to Power Operations With 100% Renewable Energy Within Two Years

Facebook also got an A-grade, with Greenpeace commending it: "Facebook was the first major internet company to commit to be 100% renewably powered and continues to play a leadership role within the sector".

The announcement was made by the official statement of the company and also accompanies the initiative to reduce by at least 75 percent emissions of greenhouse gases in the same period.

Facebook already uses 100 percent clean and renewable energy to power its data centers in Los Lunas, New Mexico, Papillion, Nebraska, Luleå, Sweden, Altoona, Iowa, and Fort Worth, Texas, the company said on its sustainability site. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. research analysts expect that Renewable Energy Group will post 2.07 EPS for the current fiscal year.

Major League Baseball trade rumors: Blue Jays place Josh Donaldson on waivers
Sportsnet's Shi Davidi reports that Donaldson was held out of Wednesday's lineup due to soreness in his calves and legs. Louis-Dispatch cautions that the Cards were not among the teams that sent a scout to check out his first rehab game.

What's more, Facebook's operations produce considerable emissions: the company was reportedly responsible for 979,000 metric tons of carbon dioxide equivalent in 2017, ⅔ of which came from powering these data centers. Google achieved the same milestone a year ago. All of these wind and solar projects are new and on the same grid as our data centers. A recent report indicates that roughly 18% of America's energy comes from renewable sources, a figure that is greatly surpassed in states like California, where officials recently moved to require solar panels on all new homes starting in 2020. He added that, "This type of financing is meant to continue supporting the development of projects aligned to the Federal Government's market strategy for renewable energy".

"We work to enable access to renewable energy resources for other companies and organizations through green tariffs, building infrastructure or opening projects to other buyers".

The 2.5 GW commitment in the past year will give Facebook a little over 3 GW of clean energy total, with most in the United States. "In other words, these projects would not be happening without the long-term financial commitment that Facebook has undertaken", company spokesperson Melanie Roe said in an email. It is the first solar energy project in Mexico for Atlas Renewable Energy, but the company aims to beef up its position in this market. In 2017, Facebook covered 51 percent of its electricity usage that way, and by the end of 2020 it plans to increase that to 100 percent.

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