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Canada's Nutrien to cut 30% greenhouse gas emissions by 2030

Credit: REUTERS/STRINGER

Canadian fertilizer producer Nutrien Ltd said on Thursday it aimed to achieve at least a 30% reduction in greenhouse gas emissions by 2030, the latest company seeking to tackle climate change.

April 8 (Reuters) - Canadian fertilizer producer Nutrien Ltd NTR.TO said on Thursday it aimed to achieve at least a 30% reduction in greenhouse gas emissions by 2030, the latest company seeking to tackle climate change.

The company has estimated capital investment requirements of between $500 million and $700 million to meet the carbon emissions target.

The Saskatoon, Saskatchewan-based company, which will deploy wind and solar energy at four potash plants by the end of 2025, will invest in new technologies and tap into low-carbon fertilizers.

Agricultural companies, including Mosaic MOS.N and Corteva CTVA.N, have set up carbon emissions targets as increasingly climate-conscious investors push firms to be environmentally friendly.

(Reporting by Rithika Krishna in Bengaluru; Editing by Sriraj Kalluvila)

((Rithika.Krishna@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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