Meta quits RE100 clean energy pledge amid natural gas data center push

Corporate Action Impact 4
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Summary · why it matters

Meta has withdrawn from the RE100 global corporate renewable energy pledge, the company confirmed Friday. The social media giant behind Facebook and Instagram joined the initiative in 2016 but is no longer listed as a member on the Climate Group's website. A Climate Group spokesperson told Recharge News that Meta left because it can no longer meet the technical criteria due to investments in new gas power, including deals for 10 natural gas plants to supply its Hyperion data center in Louisiana. Meta said its goal of matching electricity use with 100 percent clean energy remains unchanged, and it has met that target on an annualized basis since 2020 through long-term power purchase agreements. The departure comes as major tech firms rapidly expand data centers and increasingly turn to natural gas, with Microsoft signing a Chevron deal for gas-fired power in West Texas and Google reportedly pursuing similar partnerships.

Impact on stocks 5

Artificial Intelligence± Mixed · 4 stocks
Meta Platforms Inc.
META
▼ NegativeRegulationrelevance

Meta withdrew from RE100 pledge due to natural gas investments, signaling regulatory/environmental compliance setback

Microsoft Corporation
MSFT
▲ PositiveSupplyrelevance

Microsoft signed a deal for gas-fired power to support data center expansion, securing energy supply

Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

Microsoft signed a Chevron deal for gas-fired power, indicating demand for Chevron's natural gas

Theme Impact 6

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