DETROIT, June 23, 2021 /PRNewswire/ -- General
Motors and Shell, through its wholly owned subsidiary MP2
Energy, LLC ("Shell"), are collaborating to provide
comprehensive energy solutions programs to GM's customers and
supply chain partners, including fixed-rate home energy plans
backed by 100 percent renewable energy resources.
This program is currently available for eligible owners of
Chevrolet, Buick, GMC and Cadillac vehicles in Texas. Coming this summer, owners of electric
vehicles from GM brands will have the opportunity to select home
energy plans that include the option for free overnight hours of EV
charging1. This month, the companies will also
begin providing GM suppliers access to a tailored suite of
renewable energy products to assist in setting and achieving their
individual emissions-reduction goals. Employees of participating GM
suppliers will be eligible for the home energy plans mentioned
above.
Both GM and Shell have recently announced ambitious goals to
address emissions.
GM plans to be carbon neutral in global products and operations
by 2040 and has committed to science-based targets that align
with the most ambitious goals of the Paris Agreement.
"Addressing climate change requires incredible scale," said
Kristen Siemen, chief sustainability
officer, General Motors. "At GM, we're committed to helping bring
everybody in on a more sustainable future."
Shell's target is to become a net-zero emissions energy business
by 2050, in step with society's progress in achieving the goals of
the UN Paris Agreement on climate change. This target
includes emissions not only from the energy Shell produces and
processes, but also from all the energy products it sells to its
customers.
"Shell is working across many sectors to help address greenhouse
gas emissions and to serve as a partner for change," said
Glenn Wright, vice president of
Renewables and Energy Solutions, Shell. "We see opportunities
amidst the challenges of the energy transition, and we are excited
to work with GM to provide options for consumers and businesses
focused on their emissions impact."
GM and Shell expect to expand the residential and EV offerings
across U.S. markets in the future.
General Motors (NYSE:GM) is a global company
focused on advancing an all-electric future that is inclusive and
accessible to all. At the heart of this strategy is the Ultium
battery platform, which powers everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under
the Chevrolet, Buick, GMC, Cadillac, Baojun
and Wuling brands. More information on the company and
its subsidiaries, including OnStar, a global leader in vehicle
safety and security services, can be found
at https://www.gm.com.
Royal Dutch Shell
plc, incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New
York stock exchanges. Shell companies have operations in
more than 70 countries and territories with businesses that include
renewable energy projects. For further
information, visit www.shell.com.
1Owners of eligible Chevrolet
electric vehicles (EV) will have the opportunity to schedule
their EV to charge during the free overnight hours, from
midnight to 5 a.m.
Cautionary note:
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this press release "Shell", "Shell
Group" and "Group" are sometimes used for convenience where
references are made to Royal Dutch
Shell plc and its subsidiaries in general. Likewise, the
words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and its subsidiaries in
general or to those who work for them. These terms are also used
where no useful purpose is served by identifying the particular
entity or entities. ''Subsidiaries'', "Shell subsidiaries" and
"Shell companies" as used in this press release refer to entities
over which Royal Dutch Shell plc
either directly or indirectly has control. Entities and
unincorporated arrangements over which Shell has joint control are
generally referred to as "joint ventures" and "joint operations",
respectively. Entities over which Shell has significant
influence but neither control nor joint control are referred to as
"associates". The term "Shell interest" is used for convenience to
indicate the direct and/or indirect ownership interest held by
Shell in an entity or unincorporated joint arrangement, after
exclusion of all third-party interest.
Shell's operating plan, outlook and budgets are forecasted for a
ten-year period and are updated every year. They reflect the
current economic environment and what we can reasonably expect to
see over the next ten years. Accordingly, Shell's operating plans,
outlooks, budgets and pricing assumptions do not reflect our
net-zero emissions target. In the future, as society moves towards
net-zero emissions, we expect Shell's operating plans, outlooks,
budgets and pricing assumptions to reflect this movement.
This press release contains forward-looking statements (within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995) concerning the financial condition, results of operations and
businesses of Royal Dutch Shell. All
statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements. Forward-looking
statements are statements of future expectations that are based on
management's current expectations and assumptions and involve known
and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking
statements include, among other things, statements concerning the
potential exposure of Royal Dutch
Shell to market risks and statements expressing management's
expectations, beliefs, estimates, forecasts, projections and
assumptions. These forward-looking statements are identified by
their use of terms and phrases such as "aim", "ambition",
''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'',
''goals'', ''intend'', ''may'', ''objectives'', ''outlook'',
''plan'', ''probably'', ''project'', ''risks'', "schedule",
''seek'', ''should'', ''target'', ''will'' and similar terms and
phrases. There are a number of factors that could affect the future
operations of Royal Dutch Shell and
could cause those results to differ materially from those expressed
in the forward-looking statements included in this press release,
including (without limitation): (a) price fluctuations in crude oil
and natural gas; (b) changes in demand for Shell's products; (c)
currency fluctuations; (d) drilling and production results; (e)
reserves estimates; (f) loss of market share and industry
competition; (g) environmental and physical risks; (h) risks
associated with the identification of suitable potential
acquisition properties and targets, and successful negotiation and
completion of such transactions; (i) the risk of doing business in
developing countries and countries subject to international
sanctions; (j) legislative, fiscal and regulatory developments
including regulatory measures addressing climate change; (k)
economic and financial market conditions in various countries and
regions; (l) political risks, including the risks of expropriation
and renegotiation of the terms of contracts with governmental
entities, delays or advancements in the approval of projects and
delays in the reimbursement for shared costs; (m) risks associated
with the impact of pandemics, such as the COVID-19 (coronavirus)
outbreak; and (n) changes in trading conditions. No assurance is
provided that future dividend payments will match or exceed
previous dividend payments. All forward-looking statements
contained in this press release are expressly qualified in their
entirety by the cautionary statements contained or referred to in
this section. Readers should not place undue reliance on
forward-looking statements. Additional risk factors that may affect
future results are contained in Royal Dutch Shell's Form 20-F for
the year ended December 31, 2020 (available at
www.shell.com/investor and www.sec.gov). These risk factors also
expressly qualify all forward-looking statements contained in this
press release and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this press
release, [June 23, 2021]. Neither Royal Dutch Shell plc nor any of
its subsidiaries undertake any obligation to publicly update or
revise any forward-looking statement as a result of new
information, future events or other information. In light of these
risks, results could differ materially from those stated, implied
or inferred from the forward-looking statements contained in this
press release.
We may have used certain terms, such as resources, in this press
release that the United States Securities and Exchange Commission
(SEC) strictly prohibits us from including in our filings with the
SEC. Investors are urged to consider closely the disclosure
in our Form 20-F, File No 1-32575, available on the SEC website
www.sec.gov.
GM Forward-Looking Statement
This press release and
related comments by management may also include "forward-looking
statements" relating to General Motors within the meaning of the
U.S. federal securities laws. Forward-looking statements are any
statements other than statements of historical fact.
Forward-looking statements represent GM's current judgement about
possible future events and are often identified by words such as
"anticipate," "appears," "approximately," "believe," "continue,"
"could," "designed," "effect," "estimate," "evaluate," "expect,"
"forecast," "goal," "initiative," "intend," "may," "objective,"
"outlook," "plan," "potential," "priorities," "project," "pursue,"
"seek," "should," "target," "when," "will," "would," or the
negative of any of those words or similar expressions. In making
these statements, GM relies upon assumptions and analysis based on
its experience and perception of historical trends, current
conditions, and expected future developments, as well as other
factors it considers appropriate under the circumstances. GM
believes these judgements are reasonable, but these statements are
not guarantees of any future events or financial results, and GM's
actual results may differ materially due to a variety of factors,
many of which are described in its most recent Annual Report on
Form 10-K and its other filings with the U.S. Securities and
Exchange Commission. GM cautions readers not to place undue
reliance on forward-looking statements. Forward-looking statements
speak only as of the date they are made, and GM undertakes no
obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information,
future events, or other factors that affect the subject of these
statements, except where it is expressly required to do so by
law.
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SOURCE General Motors Co.