New agreements are Part of Company-wide
Commitment to Help Address Climate Change
Today, as part of Climate Week NYC 2019, AT&T* (NYSE: T)
announced that our renewable energy purchases will surpass 1.5
gigawatts (GW) of clean energy capacity with the addition of new
Virtual Power Purchase Agreements (VPPAs) with Invenergy** and Duke
Energy Renewables.*** The new deals will support new wind and solar
projects, and help solidify AT&T’s position as one of the
largest corporate purchasers of renewable energy in the U.S.1
“AT&T is investing in renewable energy because it is good
for our planet and our business,” said Charlene Lake, Chief
Sustainability Officer & Senior Vice President, Corporate
Social Responsibility. “AT&T’s new renewable energy purchases
are a milestone in our company-wide efforts to help address climate
change, and they will deliver important benefits to our bottom
line.”
Our newest renewable energy purchases will support wind and
solar projects, developed by Invenergy, delivering 800 megawatts
(MW) of sustainable energy, as well as 160 MWs of wind energy
generated by the Frontier Windpower II project, developed by Duke
Energy Renewables. The new purchase agreements build upon
AT&T’s existing agreements supporting wind energy centers
already operational or under development.
“Large-scale renewable energy investments are a key area of
opportunity for achieving a low-carbon economy and are critically
important to help us secure a world of no more than 1.5 degrees C
warming,” said Helen Clarkson, CEO of The Climate Group, the
international non-profit which runs Climate Week NYC. “The Climate
Group is proud to have AT&T join with other leading companies
at Climate Week NYC 2019 in taking bold action.”
Together, AT&T’s renewable energy purchases to date are
expected to reduce greenhouse gas (GHG) emissions by an amount
equivalent to providing electricity for more than 560,000 homes or
taking 690,000 cars off the road for 1 year.2 The total annual
energy produced is also enough to power New York City for
approximately 1 month.3 The projects will create hundreds of
construction jobs and dozens of permanent jobs in fast-growing
clean energy careers.4 As part of AT&T Aspire, our $500 million commitment to education and
skilling, AT&T has provided scholarships and support for
students seeking careers as wind turbine technicians and solar
panel installers through contributions to organizations including
Texas State Technical College (TSTC), Canadian Valley Technology
Center (CV-Tech) and Homeboy Industries.
“AT&T’s renewable energy purchases are just one action our
company is taking to respond to the changing climate,” said Lake.
“Addressing climate change is a global challenge—and it will take
collective action to deliver significant impact. We are pleased to
join with leaders from around the world at Climate Week NYC to
discuss innovations and opportunities to help advance climate
action and progress toward global climate goals.”
As a platinum sponsor of Climate Week NYC 2019, AT&T is also
highlighting this week our company-wide commitment to help address
climate change and the progress we are making toward our 10x Carbon
Reduction Goal to enable greenhouse gas (GHG) savings 10x the
footprint of our operations by 2025. We’re celebrating our
technology and Internet of Things (IoT) solutions that are helping
to reduce GHG emissions. And, we’re sharing insights about our
Climate Change Analysis Tool and industry-leading Climate
Resiliency Project, which is helping to assess the risks of climate
change on our business and build resilience. More information about
AT&T’s environmental initiatives and commitment to
environmental responsibility can be found at
att.com/environment.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in
telecommunications, media and entertainment, and technology. It
executes in the market under four operating units. WarnerMedia’s
HBO, Turner and Warner Bros. divisions are world leaders in
creating premium content, operate one of the world’s largest TV and
film studios, and own a world-class library of entertainment.
AT&T Communications provides more than 100 million U.S.
consumers with entertainment and communications experiences across
TV, mobile and broadband services. Plus, it serves nearly 3 million
business customers with high-speed, highly secure connectivity and
smart solutions. AT&T Latin America provides pay-TV services
across 11 countries and territories in Latin America and the
Caribbean, and is the fastest growing wireless provider in Mexico,
serving consumers and businesses. Xandr provides marketers with
innovative and relevant advertising solutions for consumers around
premium video content and digital advertising through its AppNexus
platform.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2019 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
**About Invenergy
We are innovators building a sustainable world. Invenergy and
its affiliated companies develop, own, and operate large-scale
sustainable energy generation and storage facilities in the
Americas, Europe and Asia. Invenergy's home office is located in
Chicago, and it has regional development offices in the United
States, Canada, Mexico, Japan, Poland and Scotland.
Invenergy has successfully developed more than 22,600 megawatts
of projects that are in operation, construction or contracted,
including wind, solar, and natural gas power generation facilities
as well as advanced energy storage projects. For more information,
please visit www.invenergyllc.com.
***About Duke Energy Renewables
Duke Energy Renewables, a nonregulated unit of Duke Energy,
operates wind and solar generation facilities across the U.S., with
a total electric capacity of 3,000 megawatts. The power is sold to
electric utilities, electric cooperatives, municipalities, and
commercial and industrial customers. The unit also operates energy
storage and microgrid projects. Visit Duke Energy Renewables for
more information.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of the largest energy holding companies in
the U.S. It employs 30,000 people and has an electric generating
capacity of 51,000 megawatts through its regulated utilities, in
addition to Duke Energy Renewables’ capacity.
Duke Energy is transforming its customers’ experience,
modernizing the energy grid, generating cleaner energy and
expanding natural gas infrastructure to create a smarter energy
future for the people and communities it serves.
Duke Energy was named to Fortune’s 2019 “World’s Most Admired
Companies” list, and Forbes’ 2019 “America’s Best Employers” list.
More information about the company is available at duke-energy.com.
The Duke Energy News Center contains news releases, fact sheets,
photos, videos and other materials. Duke Energy’s illumination
features stories about people, innovations, community topics and
environmental issues. Follow Duke Energy on Twitter, LinkedIn,
Instagram and Facebook.
1 Business Renewables Center (2018). BRC Deal Tracker.
http://businessrenewables.org/corporate-transactions/
2 EPA Greenhouse Gas Equivalencies Calculator:
https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
3 Based on estimates from “2018 Power Trends” by The New York
Independent System Operator (NYISO).
4 AT&T Renewable Energy Website:
https://about.att.com/csr/home/environment/renewable-energy.html
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190920005430/en/
Gwen Oldham (415) 939-6912 go8189@att.com
AT&T (NYSE:T)
Historical Stock Chart
From Aug 2024 to Sep 2024
AT&T (NYSE:T)
Historical Stock Chart
From Sep 2023 to Sep 2024