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In a Canadian first, Loblaw to purchase electricity in Alberta that is generated by wind, sun and water - helping to cut its nationwide operating carbon emissions by 17%
In a Canadian first, Loblaw to purchase electricity in Alberta that is generated by wind, sun and...
About this update from Loblaw Companies Limited
[{"type":"text","content":"\n \n \n \n In a Canadian first, Loblaw to purchase electricity in Alberta that is generated by wind, sun and water - helping to cut its nationwide operating carbon emissions by 17%\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 4, 2023\n \n \n /CNW/ - Today, Loblaw Companies Limited (TSX: L) (\"Loblaw\") announced an unprecedented carbon-free energy deal that will see the electricity it purchases for its supermarkets, drugstores, offices and distribution centres in\n \n Alberta\n \n generated entirely by wind, sun and water. The arrangement, leveraging renewable energy sources, is the first of its kind in Canada.\n \n \n \n \n \n \n \n \n This program will eliminate the carbon emissions associated with the company's electricity purchases in\n \n Alberta\n \n , while cutting its nationwide enterprise operating emissions by 17%.\n \n \n As a result of this program, one day soon, carbon-free electricity will be used to power over 280 locations, including Real Canadian Superstore, Shoppers Drug Mart, No Frills, Real Canadian Liquor Store, Independent and Wholesale Club stores, as well as the company's offices and distribution centres. This energy purchase will provide over 300,000 megawatt hours of carbon-free energy every year – enough to power the homes in a city like\n \n Lethbridge, Alberta\n \n – and save the equivalent of up to 180,000 metric tons of carbon emissions from being released into the atmosphere.\n \n \n \"Loblaw has been actively reducing its carbon emissions for over a decade, consistently exceeding its own ambitious targets. Last year, when we raised those targets to become net zero by 2040, we knew we would need some breakthrough innovation to reach our goal,\" said\n \n Galen G. Weston\n \n , Chairman and President, Loblaw Companies Limited. \"This project delivers that by turning our highest carbon emitting energy market into our lowest, in one single step. Today's announcement is a powerful example of private industry working together to bring scaled cha...