BusinessWire reports that McDonald’s has partnered with Apex Clean Energy to buy renewable energy.

“'This program will help the industry collectively improve operations and continue to drive down emissions,' Matthew Todd, program director of the Environmental Partnership, told the Washington Examiner."

“The firm plans to increase its renewable power capacity 20-fold by 2030 to 50 gigawatts while reducing its oil output by 40% and diverting more funds to low-carbon investments.”

"‘These meaningful near-term emission reductions result from our ongoing business planning process as we work towards industry-leading greenhouse gas performance across all our business lines,’ CEO Darren Woods said in a statement.”

Kevin Crowley and Caroline Hyde of World Oil report that Chevron’s CEO, Mike Wirth, believes actions over pledges will deliver higher returns and lower carbon. “‘We favor action over pledges,’ Wirth said. ‘Long-dated pledges where we really don’t know how we’ll get to the end of the road are something that we’ve been a little...

“For the first time on record, private-equity firms globally have done more deals this year in clean technologies than in oil and gas, though the average deal size was smaller, according to PitchBook data as of early December.”

“United Airlines said on Thursday it had committed to a multimillion-dollar investment in a project to remove carbon dioxide from the air through air direct-capture technology as part of a plan to be 100% ‘green’ by 2050.”

Rachel Sandler of Forbes reports that Microsoft and Unilever have joined Amazon’s climate pledge.

“Shell plans to spend $100 million on average over the next year or two on nature-based carbon offsets and van Bergen expects emissions cuts from nature-based solutions or carbon sinks will be ‘material’ by 2030 or 2035.”

“Coal India Ltd, the world’s largest coal miner, said on Monday it would invest 56.50 billion rupees ($763 million) by March 2024 to build 14 solar projects to help power its mining operations and cut costs.”