This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cummins Commits To Greater Efficiency Improvements Through Better Buildings, Better Plants Challenge

After achieving significant energy efficiency and greenhouse gas (GHG) reductions over the last five years, Cummins (NYSE: CMI) is now raising the bar on its efforts by becoming a Partner in the Better Buildings, Better Plants Challenge.

President Obama announced the Challenge today. The criteria for being a Challenge Partner in the U.S. Department of Energy’s program include reducing energy use by at least 25 percent per dollar revenue from 2005-2015, committing to complete a larger-scale energy efficiency project, and reporting details on energy use and progress.

Cummins joined the U.S. Environmental Protection Agency’s Climate Leaders Program in 2006 and set the goal of a 25 percent reduction of GHG emissions per dollar revenue from 2005 to 2010. In May 2011, the Company announced that it had exceeded the goal with a 28 percent reduction.

In becoming a Partner in the Better Buildings, Better Plants Challenge, Cummins will be building on this effort as approximately half of that 28 percent GHG reduction came as a result of energy efficiency improvements. The Company’s new 25 percent energy efficiency goal over the 2005 to 2015 timeframe is equivalent to about a 40 percent GHG reduction.

“Cummins strongly believes in the business case for energy efficiency,” said Tom Linebarger, Cummins President and Chief Operating Officer. “It is good business, good for our business, and it is the right thing to do. By being a Challenge Partner, Cummins commits to aggressively pursue energy efficiency which will continue to move our work forward. The Challenge also provides a forum to both share our knowledge and learn from fellow Partners that can encourage other companies to pursue energy efficiency actions.”

The Company’s wide-ranging energy savings actions have included projects such as high-efficiency lighting upgrades, power management systems, energy efficient motors, pumps and fans, compressed air optimization, heating and cooling equipment upgrades, and energy recovery from engine test cells. Energy efficiency is also incorporated in the Company’s global environmental management system – which is implemented at 69 sites around the world and the key mechanism for driving environmental improvements at Cummins facilities.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.56 +15.31 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs