Magna commits to reaching net-zero emissions by 2050, will run 100% renewable energy by 2030
Alongside targets outlined in the Paris Climate Agreement, Magna International has submitted goals to be validated by the Science Based Targets initiative (SBTi) to reach net-zero carbon emissions by 2050. En route to that target, the global contract manufacturer had introduced several near-term sustainability goals.
Magna International is a global automotive contract manufacturer that currently reigns as the largest in North America and the fourth largest on the planet. It currently operates 341 production and assembly facilities across North America, Europe, Asia, South America, and Africa – and is only getting bigger.
In the last year alone, Magna has committed close to $1 billion toward the expansion of its North American operations, including $470 million in Canada, where it’s globally headquartered, in addition to another $500 million in Michigan, where its US headquarters sits.
The company also committed nearly $800 million to the state of Tennessee to build a new manufacturing plant in Ford’s BlueOval City. Such massive footprints of manufacturing around the world come with their fair share of carbon emissions, something Magna International has previously recognized and worked to offset.
Today, however, Magna has submitted a clear timeline for its journey to net-zero emissions.
Magna targets net-zero emissions worldwide
Magna International has submitted the following net-zero targets to the SBTi for validation: reach net-zero emissions worldwide by 2050, reduce about 42% of the company’s Scope 1 and Scope 2 emissions, and 35% of Scope 3 emissions by 2030. Per Magna CEO Swamy Kotagiri:
Magna has focused on creating a better world of mobility, and the company’s pursuit of net-zero emissions reflects this commitment. To reach this ambitious target, we are addressing not only the emissions we produce within our own facilities but also those of our entire supply chain, while supporting the industry move to low-carbon mobility technology. By embracing sustainable practices, shifting to renewable energy sources, making our manufacturing processes more efficient and partnering with our customers in the transition to electric vehicles, we want to make a positive impact on the planet and future generations.
In addition to setting net-zero goals, Magna has committed to having all its European operations running on 100% renewable energy by 2025 and worldwide by 2030. Magna says it will require a lot of education and effort across its entire staff, Rolodex of partners, and customers to truly tackle climate change, but the company has contributed to discussions to help keep the conversation going, like the Suppliers Partnership for the Environment (SP), for example. SP is an open forum created to promote collaboration across the global automotive supply chain, including automakers, suppliers, the US EPA, and other governments. Per SP director Kellen Mahoney:
Collaboration is a key driving force that is propelling the automotive industry towards a sustainable future. Magna’s unwavering commitment and dedication to creating a greener planet is not only commendable but, as one of the world’s largest automotive suppliers, presents an opportunity for even greater collaboration to help shape a future where sustainable practices become the industry standard.
This year, Magna says it remains on track to achieve a previous commitment of reducing global energy intensity by 10% in all manufacturing facilities and is still aiming to further reduce that number to a 20% reduction by 2027. In the last two years alone, 30 Magna divisions have achieved carbon neutrality.
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Elon Musk has claimed that the Democratic party organized recent protests at Tesla locations worldwide. As he usually does with his wild claims lately, he hasn’t offered any proof whatsoever.
Over the last few weeks, there have been growing protests at Tesla locations around the word.
It started small with just a few locations in the US, but it has since grown to now dozens of locations every weekend, with sometimes hundreds of people at some locations.
Protestors have different reasons for wanting to disrupt Tesla, but they are mostly centered around seeing the company as Elon Musk’s piggybank and they are upset at his involvement in the government through his financial contribution to Trump’s election and his role at the Department of Government Efficiency (DOGE).
Musk took to X today to comment on the situation, and he made the claim that the protests at Tesla locations are funded by ActBlue:
An investigation has found 5 ActBlue-funded groups responsible for Tesla “protests”: Troublemakers, Disruption Project, Rise & Resist, Indivisible Project and Democratic Socialists of America. ActBlue funders include George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix. ActBlue is currently under investigation for allowing foreign and illegal donations in criminal violation of campaign finance regulations. This week, 7 ActBlue senior officials resigned, including the associate general counsel.
ActBlue is a political action committee (PAC) used by the Democratic Party.
Musk did not elaborate on what “investigation” he was referring to nor did he provide any proof to back up his claim. In fact, he even asked for people to help provide information:
“If you know anything about this, please post in replies.”
Musk directly named Reid Hoffman, his former Paypal Mafia friend turned foe due to political differences, who was quick to deny any involvement:
Just one more of Elon’s false claims about me: I never funded anyone for Tesla protests. I don’t condone violence. But it’s clear Americans are angry at him – it’s easier to explain away their anger, than to accept that actions have consequences.
While the Democratic Party could be sympathetic to the Tesla protestors, there’s no evidence that they started the “Tesla Takedown” movement or have any significant involvement.
As we previously reported, it started as a grassroots movement with some posts on BlueSky, an X competitor, last month.
It has since gained considerable momentum, and they are now using Action Network, an open platform, to organize. As it grew, some groups have gotten involved to organize local protests, like The Disruption Project, which claims to stand “against the unjust systems of racial capitalism, the hetero-patriarchy, white supremacy and settler colonialism.”
In Seattle, The Troublemakers, a local environmentalist group, has also been helping organize.
The biggest blow to Musk’s claim is that there have also been protests outside the US, including in Canada and Europe. It’s unlikely that the US Democratic party would be involved in those.
There are currently six protests planned in Europe by the “Tesla Takedown” in the coming weeks:
Musk has also been involved in European politics, promoting far-right parties throughout Europe.
Along with the claims about the Tesla protests, Musk also retweeted someone linking several Cybertrucks burning down at a Tesla location in Seattle to “Democrat NGOs”:
Again, this claim is without evidence. In fact, the fires are still under investigation and it hasn’t yet been confirmed if it was arson.
Electrek’s Take
Could the Democratic Party be involved in some of the protests? It wouldn’t shock me, but you can claim that without proof.
I think most people involved in the protests are just mad at Elon for any of the hundreds of stupid things he has done or said in the last few months, including doing a couple of Nazi salutes at Trump’s inauguration.
He prefers to think that there’s some grand conspiracy against him because that’s easier to swallow than people hating home for being a compulsive liar, oligarch dork with the sense of humor of a maladjusted 13-year-old.
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Environment
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday.
Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at the CERAWeek by S&P Global. The U.S. is in “active dialogue” with Canada and Mexico, the energy secretary said.
President Donald Trump has paused until April 2 tariffs on Mexican and Canadian imports that are compliant with the agreement which governs trade in North America. Trump originally imposed broad 25% tariffs on goods from both countries as well as lesser 10% tariffs on energy imports from Canada.
It’s unclear, however, how much of the oil, gas and other energy that the U.S. imports from Canada is compliant with the United States-Mexico-Canada Agreement. Wright declined to provide specifics when CNBC asked how much of those imports are USMCA compliant.
“I’m going to avoid the details for now,” Wright said. The energy secretary said, “We can get to no tariffs or very low tariffs but it’s got to be reciprocal” in an interview with CNBC’s Brian Sullivan.
Canada’s energy minister, Jonathan Wilkinson, warned last week that energy prices will rise in the U.S. if the tariffs on energy imports go into full effect.
“We will see higher gasoline prices as a function of energy, higher electricity prices from hydroelectricity from Canada, higher home heating prices associated with natural gas that comes from Canada and higher automobile prices,” Wilkinson told CNBC’s Megan Cassella in an interview.
The U.S. has been the largest producer of crude oil and natural gas in the world for years. But many refiners in the U.S. are dependent on heavy crude imported from Canada. The U.S. imported 6.6 million barrels of crude oil per day on average in December, more than 60% of which came from Canada, according to the Energy Information Administration.
Wright acknowledged that the tariffs are creating uncertainty in energy markets as negotiations continue.
“We’re in the middle of negotiations for where things are going to go with tariffs, so that feels frightening and gripping right now but this time will pass,” Wright said. “Deals will be made, we’ll get certainty and we’ll have a positive economic environment for Americans going forward.”
U.S. crude oil fell more than 1% Monday to close at $66.03 per barrel, while global benchmark Brent closed at $69.28 per barrel. Crude oil futures have pulled back substantially as Trump’s trade policy creates uncertainty and OPEC+ has confirmed that it plans to gradually bring back 2.2 million barrels per day of production beginning next month.
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