Following their recent stock sale, General Motors announced it would invest approximately $40 million for upcoming renewable energy projects. The purpose of this exercise is to lower carbon emissions by 8 million metric tons over the next few years. This is equivalent to the amount of electricity needed to power 1 million homes; it is also the amount of carbon dioxide that will be produced by the 1.9 million Chevrolet models that will be sold in the next year. It is for this reason that Chevrolet will be the direct donor of these monies, which will be invested to promote renewable energy, conservation and resource conservation.
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