[NEWS] Airlines Cozying Up to Biofuels

– by Maxx Chatsko, September 26, 2016, Motley Fool

carbon_footprint_gettyimages

Photo: Getty Images

The global airlines industry has committed to reducing its carbon dioxide emissions 30% from 2007 by 2020. A variety of technologies are being leveraged to accomplish the goal, including fuel-efficient aircraft and renewable fuels. Of course, given a lack of commercially ready and economically viable renewable jet fuels, the industry is still searching for ways to reconcile its responsibilities to climate and shareholders.

You can’t blame ’em for trying.

In the last week, JetBlue Airways Corporation (NASDAQ:JBLU) and Virgin Atlantic have announced progress in renewable fuels. That follows commitments from United Continental Holdings (NYSE:UAL) and a slew of smaller airlines. While the updates are encouraging and worth their weight in PR value, investors may want to remain cautious in the near term for several often-overlooked reasons — even if there are signs that technology is making big steps in the right direction.

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