Energy

‘Green’ fuels more expensive but need to think long term: Maersk CEO

0


The container ship MORTEN MÆRSK heading to Hamburg on April 22, 2020.

eyewave | iStock Editorial | Getty Images

The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.  

Soren Skou’s comments come a day after his company said it wanted the entire business to reach net-zero greenhouse gas emissions in the year 2040, 10 years ahead of its previous goal.

“When we embark on this carbon neutrality journey, we are going to use … green fuels,” Skou, who was speaking to CNBC’s “Squawk Box Europe,” said. As a starting point, these fuels were…



Source cnbc.com

0 0 votes
Article Rating

Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA

Previous article

Ford’s market cap tops $100 billion for first time ever

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Energy