2020 marks 50 years of celebrating Earth Day and the theme for this year is “Climate Action”. Earth Day has helped shine a spotlight on the importance of protecting our planet for current and future generations.
2020 marks 50 years of celebrating Earth Day and the theme for this year is “Climate Action”. Earth Day has helped shine a spotlight on the importance of protecting our planet for current and future generations. At Fortis, we recognize the need to take climate action and are focused on delivering cleaner energy to customers in a safe, reliable and affordable manner.
Throughout our ten utilities across North America, our teams are focused on innovative ways to limit the impact on the environment. In Arizona, we are increasing renewable energy sources with the development of the 250-megawatt Oso Grande Wind Project and are collaborating with the local community and University of Arizona to develop a measurable, science-based target aimed at reducing carbon emissions. In British Columbia, our team has set a goal to reduce greenhouse gas emissions associated with customers’ energy use by 30% by 2030 and are focused on energy efficiency projects, renewable gas supply and zero or lower-carbon transportation to achieve this goal.
Our largest utility, ITC, is a central player in the shift to renewables in the United States through its role of connecting wind and solar to the transmission grid. In the Caribbean, we are installing a 20-megawatt battery in Grand Cayman to provide back-up power for a generation plant which will in turn reduce greenhouse gas emissions through reduced fuel consumption and will support the connection of more renewable energy to the Island’s power system. These are just a few examples of the initiatives at Fortis to protect the planet that we call home.
Across the globe, there remains much work to be done to combat climate change. We owe it to future generations to reduce our greenhouse gas emissions and become more resilient to the effects of climate change. At Fortis, reducing our carbon footprint is important to us. We are focused on the move to cleaner energy and encourage all organizations to find ways to be a model of environmental success.
Forward-Looking Information
Fortis includes forward-looking information in this document within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information included in this document reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as anticipates, believes, budgets, could, estimates, expects, forecasts, intends, may, might, plans, projects, schedule, should, target, will, would and the negative of these terms and other similar terminology or expressions have been used to identify the forward-looking information, which includes, without limitation: the nature, timing and benefits of certain capital projects including the Oso Grande Wind Project and Caribbean Utilities battery storage project; and expectations regarding TEP's emissions target and FortisBC's 2030 GHG emission goal.
Forward-looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information. These factors or assumptions are subject to inherent risks and uncertainties surrounding future expectations generally, including those identified from time to time in the forward-looking information. Fortis cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors should be considered carefully and undue reliance should not be placed on the forward-looking information. For additional information with respect to certain of these risks or factors, reference should be made to the continuous disclosure materials filed from time to time by the Corporation with Canadian securities regulatory authorities and the Securities and Exchange Commission. All forward-looking information herein is given as of the date of this document. Fortis disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.