SOURCE: United Airlines Inc.
DESCRIPTION:United Airlines is investing in a venture that doesn’t make airplanes, transport passengers or ring up frequent-flier miles on the company’s credit cards. And even as it posts losses stemming from the coronavirus pandemic, United is providing millions of dollars to that venture, which has no direct ties to aviation and may not make any money.
It is backing carbon capture — the nascent technology designed to suck carbon dioxide from the atmosphere.
United Airlines is the first major U.S. air carrier to take a step toward trying to remove some of the greenhouse gases spewed by it and every other airline, pollution that is driving up global temperatures.
KEYWORDS: United Airlines, NASDAQ:UAL
