Colgate-Palmolive Signs Agreement for Solar Energy Farm in Texas
By Denny Jacob
Colgate-Palmolive signed a 20-year virtual power purchase agreement for a solar energy farm in Texas.
The consumer products company said the project is expected to produce the equivalent of 100% of its U.S.-based operational electricity needs, with start-up expected in 2025.
Colgate-Palmolive said about 52% of its global electricity consumption was sourced from renewable energy as of Dec. 31.
Chief Sustainability Officer Ann Tracy said renewable energy agreements will help it hit its target of net zero carbon emissions by 2040 and 100% renewable electricity across its global operations by 2030.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 15, 2023 10:26 ET (14:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations