Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Photo: Julian Stratenschulte/picture alliance via Getty Images
The huge utility Dominion Energy vowed Tuesday to achieve net-zero greenhouse gas emissions by 2050.
Why it matters: Virginia-headquartered Dominion has ranked among the country's 10 largest power generators and operates in 18 states.
- They're joining a growing list of utility giants making long-term emissions pledges.
- Others with net-zero commitments or carbon-free pledges by midcentury include Duke, Xcel Energy, Arizona Public Service, and DTE Energy.
What's next: "The company will focus not only on driving toward the 2050 goal, but on achieving near-term progress, particularly on methane emissions," the announcement states.
- It includes a nearer-term goal of cutting emissions of methane, a highly potent planet-warmer, by 65% by 2030.
The big picture: Dominion — whose fleet includes coal, gas, nuclear and renewables — said it plans to meet the overall goal with a menu of strategies.
- That includes its power generation — such as more renewables investments and nuclear plant life extensions — but also more efforts to spur emissions cuts in other industries.
- On the transportation side, they're exploring faster EV charging deployment; boosting their existing electric school bus program; and use of gas and hydrogen in heavy vehicles.
- They aim to help industrial energy users move away from coal and oil with natural gas, and to expand their work with agriculture sector on methane capture.
- Over the long-term, they're citing the potential for tech like carbon capture, large-scale storage, and new reactor technologies.