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Stock impact report

Crown To Use Wind Power In 2020 As First Step In Long-Term Renewable Energy Initiative

Crown Holdings, Inc. (CCK) 
Last crown holdings, inc. earnings: 4/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: crowncork.com/investors
Company Research Source: PR Newswire
YARDLEY, Pa., June 6, 2019 /PRNewswire/ -- As a major step toward fulfillment of its pledge to the RE100 initiative, which focuses on accelerating the transition to zero carbon grids at global scale, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has signed a 15-year Virtual Power Purchase Agreement (VPPA) with Longroad Energy to utilize wind power in all of its U.S. and Canadian beverage can plants starting on July 1, 2020. The new program will rely on a wind farm based in Knox County, Texas to generate over 400,000 MWhs of electricity. The renewable power will offset 100% of the energy usage within Crown's U.S. and Canadian beverage plants, which account for over 20% of the Company's global Scope 2 greenhouse gas emissions. This transition serves as the first phase of Crown's RE100 plan, which anticipates that the Company will run 100% renewable electricity by 2050. The RE100 initiative is led by The Climate Group and CDP.One of the first milestones on the Company's jo Show less Read more
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