Treasurer Magaziner Urges Walmart to Scale back Harmful Hydrofluorocarbon (HFC) Emissions

Rhode Island Treasurer Seth Magaziner right this moment introduced his name for Walmart to scale back its utilization of tremendous pollution to be able to additional the battle towards local weather change. The Treasurer, together with Pennsylvania State Treasurer Joe Torsella, submitted a shareholder proposal asking the corporate to deal with its use and mitigation of hydrofluorocarbons (HFCs), the potent climate-changing gases utilized in air conditioners and fridges, which have 9,000 instances better capability to heat the ambiance than carbon dioxide.

“The continued results of world local weather change, together with the monetary impacts, are vital,” stated Rhode Island Normal Treasurer Seth Magaziner. “As a way to be sustainable over the long-term, corporations – particularly these as massive as Walmart – should acknowledge and restrict their carbon influence. We’re calling on Walmart to right away share with buyers plans to scale back the quantity of the super-pollutant hydrofluorocarbon utilized by the corporate, and to put out plans to transition to cost- and energy-efficient options.”

Analysis suggests one of the vital steps to scale back local weather change is administration and correct disposal of refrigerants already in use. It’s estimated that within the U.S. alone, emissions from retired HFC refrigerants account for 75-80 million metric tons of air pollution yearly, the equal of the emissions from 16 million vehicles.

An estimated 90% of greenhouse fuel emissions from refrigerants, together with hydrofluorocarbons, comes from end-of-life leaking. Federal laws handed on the finish of 2020 requires an 85% reduce in hydrofluorocarbon (HFC) manufacturing over the following 15 years.

“State, federal and company leaders have a grave duty to make sure a secure setting for right this moment and for each tomorrow,” stated Pennsylvania State Treasurer Torsella. “It’s nothing lower than egregious to take a seat idly by and ignore factual science that gives clear proof of tremendous pollution’ potential to exacerbate the damaging influence of local weather change. As treasurer and steward of taxpayer {dollars}, it’s my obligation to battle for the perfect long-term outcomes of our investments, and on this case, it means demanding motion to protect an important future for our planet.”

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Rosie Hilmer, Director of Communications
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