Northeast heating oil industry pledges net-zero CO2 emissions by 2050

September 18, 2019 |

In Rhode Island, the Northeast’s heating oil industry has resolved to achieve net-zero carbon dioxide (CO2) emissions by 2050. The industry’s resolution calls for a 15% reduction in CO2 emissions by 2023, a 40% reduction by 2030, and net-zero-carbon emissions by 2050. The resolution also directs industry associations and other groups assembled at the meeting to work with each other to achieve these emissions reductions.

The Northeast heating oil industry delivers renewable liquid heating fuel to more than 5 million homes and businesses across the region — 80% of the national heating oil market. The average retail heating oil company is a multi-generation family-owned and -operated business with a median of 25 employees.

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