Climate Lobbying Appendix

As part of the highly regulated global aviation industry, Delta advocates for thoughtful, harmonized policies that will help us achieve our net-zero-aligned climate and business goals. This includes building coalitions and engaging with policymakers, regulators, academics and thought leaders involved in developing and advancing relevant policies — especially those intended to commercialize the burgeoning sustainable aviation fuel (SAF) industry and support breakthrough innovations in flight.

The following provides an overview of the domestic and international climate lobbying activities we have engaged in directly on behalf of Delta Air Lines and indirectly via membership-based trade associations from January 1, 2024, through December 31, 2024. It also includes climate-related lobbying activities conducted by or on behalf of our wholly owned subsidiary Monroe Energy, LLC (Monroe) over the same time period.

Consistent with our commitment to transparent climate policy leadership, this section also includes details of how we assess the climate lobbying activities of our trade associations for alignment with our net-zero by 2050 ambition and Climate Lobbying Principles.

For more information, including our Climate Lobbying Principles and details on oversight and coordination of climate lobbying priorities and activities within Delta, see the Climate Lobbying summary in our 2024 Delta Difference Report.

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Direct Lobbying

Federal

In 2024, Delta’s federal climate advocacy continued to prioritize (1) the implementation of the first federal-level SAF incentives; (2) initiatives to enhance bipartisan support for developing the SAF market, inclusive of coalition building; and (3) accelerating other clean energy solutions in the United States consistent with our net-zero commitment. We effectively influenced policy through several diversified efforts, some of which are highlighted below:

We advocated directly and indirectly for clarifying guidance around sustainable production of biofuel feedstocks for SAF using climate-smart agricultural (CSA) practices, which were recognized in the 40B Blenders Tax Credit guidance via a limited demonstration project. We also encouraged enhanced flexibilities for future guidance governing the 45Z Clean Fuel Production Credit to enable a broader suite of CSA practices than the 40B guidance allowed.
- In 2024, we accelerated our education and advocacy to support a longer duration and higher-value credit. Notably, the near-zero starting value of 45Z, combined with its 2027 expiration, fails to provide the bankability or long-term certainty needed to sustain investment in SAF.
In November 2024, we celebrated the one-year anniversaryopens in a new window of Americans for Clean Aviation Fuels (ACAF), the first national coalition to bring together value chain leaders from the aviation, manufacturing, energy and agriculture sectors to elevate the economic and energy security benefits of a scaled U.S. SAF market.
We continued our advocacy in support of increased funding and resources via the appropriations process for the multiple federal agencies implementing the SAF Grand Challengeopens in a new window.
We partnered with our State & Local team to support participation in Department of Energy (DOE)-hosted regional workshops across the country that fostered dialogue on the role of federal as well as emerging state-specific policy solutions and financing needs for scaling SAF.
We celebrated the creation of, and actively engaged with, the new bipartisan Sustainable Aviation Caucuses in the U.S. Houseopens in a new window and U.S. Senateopens in a new window. These groups will drive constructive policy engagement and education to enable a more sustainable and energy-secure aviation industry.
We also celebrated the enactment of a new Federal Aviation Administration (FAA) Reauthorization bill. While it did not contain all the climate-specific provisions we advocated for, such as enhanced grant funding for the Department of Transportation’s (DOT) Fueling Aviation’s Sustainable Transition (FAST) SAF Program or U.S. implementation authority for the offsetting provisions of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), it did include language we supported to strengthen research and innovation on clean hydrogen as a next-generation aviation fuel, inclusive of power-to-liquids or e-SAF.
While the outlook for a new Farm Bill this Congress stalled, we continued our bipartisan and bicameral engagement on policies, like the Farm to Fly Act, which further centers the importance of the agricultural community in catalyzing SAF.

State

Delta believes that to harness the momentum of the first federal-level SAF incentives, targeted state-level SAF incentives, such as tax credits and low carbon fuel standards (LCFS) where SAF generates credits as an opt-in fuel, are also needed. This will help not only further scale the market but also enable geographic diversification. Our state team worked across the full value chain and engaged environmental organizations to accelerate support for our SAF hub investment model and develop key policy proposals for SAF. Key highlights are found below:

In 2024, we celebrated a year of accomplishments for the Minnesota SAF Hub as the first large-scale, end-to-end SAF value chain in the United States, including Delta’s first fuel delivery of SAF at Minneapolis-St. Paul International Airport from low-carbon-intensity camelina oil, a next-generation bio-feedstock, and the development of the first blending facility, which is projected to be operational by the end of 2025. For more information about the SAF hub and our one-year milestones, see the Cleaner Fuel section in our 2024 Delta Difference Report. Meanwhile, our continued engagement with the Minnesota government — including advocating for additional support policies for the SAF industry in the state — continues to strengthen the prospects for the hub’s success.
Beyond Minnesota, we continued to lead advocacy efforts in the Delta hub states of Michigan, New York and Massachusetts, where policymakers drafted legislation proposing new policies to spur investment in SAF.
- In Michigan and New York, for example, our Chief Sustainability Officer testified in both state capitals in support of SAF policy measures and authored op-eds (Times Unionopens in a new window & Detroit Newsopens in a new window) urging policymakers to act. While these efforts were not ultimately signed into law, the momentum for SAF policy deployment in both states continues in 2025.
In California, in coordination with Airlines for America (A4A), the industry negotiated a voluntary landmark partnershipopens in a new window between the California Air Resources Board (CARB) and A4A that seeks to expand cost competitive SAF availability to 200 million gallons in the state by 2035 as an alternative to the state’s original proposal to obligate jet fuel under the state LCFS. We opposed obligating jet fuel on several grounds:
- It would fundamentally conflict with federal regulation of jet fuel
- It would not result in additional SAF volume, due to a failure to address the structural cost disadvantage experienced by SAF in the market
- It would increase jet fuel costs, further eroding already thin airline margins and making it more difficult for us to afford SAF
In our home state of Georgia, Delta constructively engaged the Georgia Study Committee on Advancing Forest Innovation to enable a legislative pathway for the state adoption of future SAF policies that harness the state’s natural resources. We participated in discussions on the effectiveness of incentives in driving forestry innovation and enabling domestic alternatives to jet fuel. The committee ultimately advanced academic recommendations to speed the development of innovative forestry markets, which would include SAF.
Beyond our hub states, Delta has also constructively supported, directly and indirectly, policy efforts to enact a new SAF tax credit in Nebraska and engaged on policy development efforts underway in Kentucky and Hawaii.

International

At Delta, we proactively monitor the aviation industry’s global progress toward net-zero alongside our own net-zero commitment. The year of 2024 marked two important milestones for the airline industry:

The two-year anniversary of the International Civil Aviation Organization’s (ICAO) adoption of a long-term aspirational goal (LTAG) of net-zero carbon emissions in international aviation by 2050
The one-year anniversary of ICAO’s adoption of a global framework for SAF deployment and an aspirational interim goal to reduce carbon emissions in international aviation by 5% by 2030 through the use of SAF, low-carbon aviation fuel and other clean energy solutions

To monitor progress toward these goals, Delta’s Government Affairs team participated in the 2024 ICAO LTAG Stocktaking Event on Aviation CO₂ Emissions Reductions with observer status as delegates of the International Air Transport Association (IATA). The event covered all aviation in-sector CO₂ emission-reduction measures and innovations, showcasing the progress on the implementation of all elements of the basket of measures toward the achievement of the LTAG and 2030 goal while reinforcing the catalyzing power of global policies needed to scale SAF.

At the international policy level, we are constructively engaged directly and indirectly with our trade associations to scale a robust global SAF market that will allow us to compete globally and enable our net-zero by 2050 goal. In 2024, our policy advocacy was focused on the European Union (EU) and the United Kingdom (U.K.). As SAF becomes a rising priority for the aviation industry and global markets, we continue to highlight the need for individual countries to pursue a whole-of-government approach to scaling SAF production, similar to the U.S. government’s SAF Grand Challenge Roadmap strategy, coupled with a general assertion that incentive-based policies are most critical for catalyzing new SAF markets and driving down the green price premium for SAF. We also identified opportunities to streamline implementation of existing measures, such as the U.K. SAF Mandate and the EU SAF mandate (ReFuelEU Aviation), which went into effect on January 1, 2025. For example:

In the EU, we are working closely with our trade associations to emphasize the importance of the ability to utilize book-and-claim accounting as a compliance flexibility mechanism given the low availability of SAF. The inclusion would not only enable airlines like Delta to uplift SAF across the EU, but it would also assist in lowering the costs of transporting SAF and lowering associated emissions.

We also engaged in direct and indirect advocacy to ensure the appropriate application of emerging policies related to non-CO₂ emissions reporting in the EU:

We supported the exclusion of U.S. airlines from the EU’s new monitoring, reporting and verification (MRV) requirements for non-CO₂ emissions, limiting applicability to intra-EU flights until 2027. This position is consistent with our efforts to prevent the extraterritorial application of the related EU Emissions Trading System (ETS) Directive, which the new MRV requirements are based upon. Delta has collaborated with the Massachusetts Institute of Technology and other airlines to advance our understanding of the science and trade-offs associated with contrail mitigation.

Monroe

Delta owns Monroe as part of our strategy to mitigate the cost and supply risks associated with jet fuel. However, Monroe has experienced substantial economic setbacks under the federal Renewable Fuels Standard (RFS) due to a lack of transparency in the Renewable Identification Numbers (RINs) market that has resulted in prohibitive compliance costs. Therefore, we continue to support Monroe’s efforts to seek RFS policy reform measures to reduce the financial impact on the operation. This year, Monroe and Delta continued to advocate for the bipartisan and bicameral Safeguarding Domestic Energy Production and Independence Actopens in a new window (HR 4576 & S 2242), which seeks to provide certainty and predictability in the RINs market by making renewable fuel credits available for refiners at a lower fixed price, while also investing in innovations in biofuels and environmental conservation. This bill will also help enable long-term investment certainty in key biofuels markets, such as SAF, by helping to eliminate the volatility in the RINs market. Overall, our advocacy is designed to provide Monroe with greater financial certainty and economic flexibility to invest in the business, including clean energy and other sustainability measures.

TRADE ASSOCIATIONS

In addition to the direct lobbying activities described above, we are members of sector-specific and multisector industry trade associations that engage in lobbying on a variety of matters, including climate change. Included in this final section is a table and climate policy alignment analysis of those trade associations. We have included all the trade association memberships disclosed in our separately issued annual political contributions and activity report that, to our knowledge, engage in lobbying activities on climate matters. Additionally, we have included Monroe’s primary trade association membership in the table.

We analyzed alignment based on:

Whether the trade association has a climate position that supports the achievement of net-zero emissions by 2050 and/or temperature goals identified by the Intergovernmental Panel on Climate Change (IPCC) as the scientific underpinning of the Paris Agreement
Whether specific trade association climate lobbying activities were consistent with our climate goals

The aviation-specific associations in which we are members have expressed strong support for achieving GHG emissions reductions in line with science, with both A4A and IATA having ambitious net-zero goals.

Our participation in diverse and multisector industry associations, given our ambitious climate goals, helps positively influence the development and execution of climate policy positions and advocacy efforts. Our participation in industry-specific associations facilitates the identification, assessment and mitigation of risks while providing us with a platform for constructive engagement on a variety of policy issues related to climate and nonclimate matters. With our Climate Lobbying Principles, we are sharing our expectations for climate advocacy.

While we may not always agree with the views or tactics of these trade associations, we believe they provide a valuable opportunity for us to better understand the perspectives of others as we work to inform our advocacy strategies. We are committed to collaborative engagement and problem solving; where we disagree with one or more of these trade associations on a matter tied to our strategy, we have in the past taken — and may in the future take — independent actions to mitigate risks an association’s actions may present to our strategy.

2024 Trade Associations Overview

Airlines for America (A4A)

About

A4A is the primary trade association advocating for the leading U.S. airlines, both passenger and cargo carriers, on federal, state, local and international policies. A4A works collaboratively with industry stakeholders, federal agencies, the Administration, Congress, labor and other groups to improve aviation for the traveling and shipping public.

Delta Involvement:
Our Chief Executive Officer (CEO) sits on the Board of Directors. Delta representatives are active on a variety of working groups and committees, including the Environmental Sustainability Council, SAF Committee and the Environmental Regulatory Committee.

Climate Position

A4A is committed to advancing policy solutions to address climate change. A4A has committed to work with government leaders and other stakeholders on the following goals, which it continues to affirm:

Achieving net-zero carbon emissions by 2050.
Partnering with key stakeholders to advance production and deployment of 3 billion gallons of cost-competitive SAF by 2030, including:
- Implementation and extension of the SAF tax credits with recognition of greenhouse gases, Regulated Emissions, and Energy use in Technologies (GREET) as an appropriate and equivalent lifecycle carbon accounting methodology of qualifying SAF for the credits;
- Advocating for State SAF tax credits and SAF opt-in provisions in state Clean Fuel Standard programs to promote regional diversification of SAF; and
- Advocating for aviation technology R&D and SAF production infrastructure support in the FAA Reauthorization and U.S. Department of Agriculture Farm Bill.
Reaffirming the global aviation industry goals under ICAO, including:
- A commitment to CORSIA as the sole market-based mechanism for international aviation emissions;
- Aircraft CO₂ certification standards applied to new aircraft and support for greater stringency;
- The long-term aspirational goal of net zero, subject to critical aviation infrastructure and technology advances achieved by the industry and government; and
- The Third Conference on Aviation and Alternative Fuels (CAAF/3) aspirational goal for carbon emissions reductions from SAF, lower-carbon aviation fuels (LCAF) and cleaner energies for aviation.
Advancing transparent and effective reporting requirements for aircraft operators and their customers of their GHG emissions.

Alignment

Delta strongly supports A4A’s climate change position and goals. Our federal, state and international climate policy advocacy is aligned. Additional illustrative 2024 examples of interest can be found below.

Clean Energy Tax Credit Implementation: A4A supported the comment process for various elements of clean energy tax implementation, which Delta helped to inform, specific to the deployment of SAF, including the 40B SAF Tax Credit, 45Z Clean Fuel Production Credit and the 45V Clean Hydrogen Tax Credit.
Supporting Climate-Smart Agriculture (CSA): A4A combined inputs from the SAF Coalition and Americans for Clean Aviation Fuels (ACAF) to submit comments to the USDA Request for Information on the production of biofuel feedstocks using CSA practices.
California Air Resources Board’s (CARB) LCFS Reform: As noted under “direct engagement,” Delta and A4A’s aligned advocacy produced a first of its kind, voluntary partnership between A4A and CARB to accelerate the availability and use of SAF in California.
Encouraging International Certainty: A4A constructively engaged in the comment process on several international policy measures related to sustainable aviation, including the consultations for (1) the U.K. Revenue Certainty Mechanism via the U.K. Department for Transport (DfT) on options for a revenue certainty mechanism to support SAF production; (2) the voluntary RefuelEU Aviation Flight Emissions Label; and (3) the EU ETS Monitoring and Reporting Regulation. With respect to the latter and as noted under “direct lobbying,” the industry had significant concerns regarding the substance and scope of the originally proposed non-CO₂ MRV requirements for flights outside the European Economic Area (EEA). While the issue was temporarily resolved for 2025 and 2026, A4A has concerns regarding any future application in 2027 and beyond.

International Air Transport Association (IATA)

About

IATA is the trade association for the world’s airlines with a mission to represent, lead and serve the airline industry. Its 290 members comprise 83% of total air traffic and it works with over 400 strategic partners to deliver solutions that shape aviation.

Delta Involvement:
Delta is an active member company and currently participates in the Fuels Task Group committee within IATA. Pending future availability, we remain interested in joining the Sustainability & Environment Advisory Council.

Climate Position

IATA recognizes the need to address the global challenge of climate change and has adopted an ambitious goal of net-zero carbon emissions by 2050.

IATA also reaffirms its support of global aviation industry goals under ICAO by:

Reaffirming CORSIA as an effective measure to stabilize net emissions from international aviation in the short to medium term;
Calling for governments to support CORSIA, coordinate policy measures and avoid a patchwork of regional, national or local measures;
Calling for governments to deliver more incentive policies to scale up SAF supply;
Urging parties of the United Nations Framework Convention on Climate Change to authorize the CORSIA eligible emissions units for airlines’ compliance under CORSIA; and
Encouraging global SAF incentives and creating a global SAF accounting framework with a robust chain of custody.

Alignment

Delta strongly supports IATA’s climate change position and goals. We also support IATA’s active involvement in ICAO to promote harmonized global standards and international agreement on aviation emissions as well as complementary policies, such as SAF incentives. IATA’s climate advocacy on the international front is fully aligned with our climate goals and objectives. Some illustrative examples from 2024 can be found below.

SAF Accounting: Delta is supportive of IATA’s work to advance a global SAF accounting framework and CO₂ calculations, such as book and claim, with a robust chain of custody. We believe this is key to advancing global SAF usage and development as this market scales and support its inclusion as an additional compliance flexibility mechanism under ReFuelEU Aviation.
EU ETS: IATA’s advocacy against the implementation of non-CO₂ MRV requirements outside of the EEA is consistent with A4A’s advocacy on this issue and our shared position.
CORSIA: IATA provides an international advocacy forum for the global implementation of CORSIA, inclusive of unlocking and upscaling CORSIA eligible emissions units and supporting alignment with CORSIA standards and recommended practices.

Business Roundtable (BRT)

About

BRT is an association of CEOs from America’s leading companies working to promote a thriving U.S. economy and expanded opportunity for all Americans through public policy. For more than 45 years, the membership of BRT has applied CEO expertise to the major issues facing the nation.

Delta Involvement:
Delta representatives are active on the Corporate Governance and Energy & Environment Committees.

Climate Position

The BRT believes that to avoid the worst impacts of climate change, the world must work together to limit global temperature rise this century to well below 2°C above preindustrial levels, consistent with the Paris Agreement. The BRT also acknowledges that the IPCC’s 2018 report limiting warming to no more than 1.5°C compared to preindustrial levels will be necessary to avoid some of the most severe risks associated with climate change. The BRT supports a goal of reducing net U.S. GHG emissions by at least 80% from 2005 levels by 2050.

The BRT has developed a suite of principles by which U.S. climate policy should be guided, including but not limited to the following:

Align policy goals and GHG emissions reduction targets with science;
Increase global engagement, cooperation and accountability;
Provide adequate transition time and long-term regulatory certainty; and
Ensure that U.S. policies account for international emissions reduction programs.

The BRT also actively engages in the Conference of the Parties (COP) process, facilitating business delegations at COP29 on climate and energy policy.

Alignment

We are appreciative of the BRT’s recognition that while a market-based climate strategy should apply broadly across the economy, no one policy or approach can fully address climate change across such a diverse economy and such diverse sources of GHG emissions. The BRT’s formal policy also notes that, in unique circumstances, non-duplicative, tailored policies may be more effective or administratively feasible.

While the BRT’s climate change position indicates alignment with the stated temperature goals identified by the IPCC, its current 2050 ambition is not a net-zero goal. However, the BRT’s climate advocacy is not misaligned with our goals. In 2024, the BRT engaged on the following advocacy items of note:

Clean Energy Advocacy: BRT educated key policymakers on the economic benefits of the clean energy tax incentives and organized domestic and international events on climate and energy policy as well as served as an advocate for federal clean energy permitting reform.
Reporting Certainty: BRT filed an amicus brief to vacate the Securities and Exchange Commission's (SEC) climate disclosure rule, citing concerns with statutory authority, materiality and unintended consequences. The rule was eventually stayed by the SEC pending judicial review and in early 2025 the current Administration declined to defend the rule.

U.S. Chamber of Commerce

About

The U.S. Chamber of Commerce is the world’s largest business organization representing the interests of more than 3 million businesses of all sizes, sectors and regions. The Chamber believes in the ability of American businesses to improve lives, solve problems and strengthen society.

Delta Involvement:
Delta rejoined the U.S. Chamber in 2024. The Chamber covers an array of policy issues of importance to Delta, inclusive of and beyond climate change. With respect to climate advocacy, Delta is a member of the Chamber’s Energy, Environment, Climate, and Sustainability Policy Committee.

Climate Position

The Chamber recognizes that humans are contributing to our changing climate and that practical, flexible, predictable and durable policies to address climate change are needed. The Chamber believes an effective climate policy should:

Support a market-based approach to accelerate GHG emissions reductions across the U.S. economy;
Leverage the power of business;
Maintain U.S. leadership in climate science;
Embrace technology and innovation;
Aggressively pursue energy efficiency;
Promote climate resilient infrastructure;
Support trade in U.S. technologies and products; and
Encourage international cooperation.

The Chamber actively supported U.S. participation in the Paris Agreement and facilitated constructive business engagement with policymakers during critical events such as COP29 and its 2024 Aerospace Summit.

Alignment

While the U.S. Chamber’s climate policy is not aligned with any stated temperature goal and therefore is not aligned with our net zero ambition, Delta believes in the importance of engagement, particularly within the influential business community. In 2021, we joined the U.S. Chamber’s Task Force on Climate Actions, which was established by member companies seeking to influence the climate policy positioning of the Chamber from within and provided a platform for direct business engagement with diverse stakeholders on climate policy. The original Task Force on Climate Actions has since been folded into the Chamber’s current Energy, Environment, Climate, and Sustainability Policy Committee.

At the Chamber, Delta supports Chamber engagement on climate policies that support our sectoral interests, such as incentives for SAF and related research and development to support advanced propulsion systems and next generation fuels. Additionally, given our international regulatory regime, Delta elevates the importance of international cooperation through ICAO. In 2024, some illustrative examples of policy engagement by the U.S. Chamber can be found below:

Aerospace Summit: In 2024, the U.S. Chamber facilitated constructive dialogue between leaders at the Department of Transportation and the SAF value chain – from refiners and producers to manufacturers and airlines. Delta participated in these sessions, which provided a forum for discussing the challenges and opportunities associated with deploying SAF, implementing the SAF tax credits and addressing CORSIA compliance flexibilities.
Supporting Farmers: The Chamber encouraged the inclusion of key provisions in the 2024 Farm Bill, to advance the business communities’ climate and conservation goals, consistent with our overall objectives and demonstrating business support for sustainable agriculture practices.
Reporting Certainty: The U.S. Chamber filed a lawsuit challenging the SEC’s climate disclosure rule, citing concerns with statutory authority, materiality and unintended consequences. The rule was eventually stayed by the SEC pending judicial review and in early 2025 the current Administration declined to defend the rule. The U.S. Chamber also filed a lawsuit with the California Chamber of Commerce and other businesses against California’s new climate disclosure laws, expressing concerns regarding a patchwork approach and compliance burden.

American Fuel and Petrochemical Manufacturers (AFPM)

About

AFPM is the leading trade association representing the fuel and petrochemical manufacturing and refining industry. Its mission includes educating policymakers, the media and the public on the value its members and their products provide the nation and the world, as well as providing strategic business and technical information to its members, among other items.

Monroe Involvement:
Monroe is a dues-paying member of AFPM. It has a representative on AFPM’s Board of Directors (as do all other members) and on AFPM’s Executive Committee. Monroe also has representatives on issue-specific committees, including environmental, fuels and government relations.

Advocacy is only one element of Monroe’s engagement with AFPM. It utilizes its membership to stay informed on and contribute to best practices in the industry, covering a variety of issues beyond climate change, such as safety, environmental stewardship and operational performance. Therefore, we believe the overall benefits of engagement outweigh identified concerns.

Climate Position

AFPM is committed to engaging in the discussion and development of sound climate change policies. The association acknowledges climate change is real and is committed to the development of sound policies that enable its members to supply the fuel and petrochemicals that growing global populations and economies need to thrive and to do so in an environmentally sustainable way. AFPM believes policies addressing climate change must be:

Balanced and measured to improve quality of life, ensuring the long-term economic, energy and environmental needs of humanity are met;
Protective of U.S. competitiveness, including preventing the shifting of production, jobs and emissions from the United States to other countries;
Harmonized, preemptive and economy-wide;
Simple and transparent; and
Achievable and flexible to adjust, as necessary.

Alignment

While AFPM’s climate policy is not aligned with Delta’s net-zero ambition, we believe in the value of influencing from the inside, and Monroe has been able to help champion constructive viewpoints and perspectives on renewable fuels such as SAF through its involvement and unique vantage point.

Monroe works alongside AFPM to advance policies that mitigate the economic hardship of RFS compliance as well as a diverse array of matters impacting the overall industry.

AFPM advocates for policies that carefully assess vital needs for meeting current and future demands. This includes federal, state and local government investment, regulatory reform that encourages private investment, and streamlining the regulatory system and permitting processes to facilitate prompt construction of critical new infrastructure, including pipelines. Monroe and Delta are aligned with AFPM’s stated position on implementation of certain clean energy tax measures.

Clean Energy Tax Support: AFPM supported the implementation of clean energy tax measures that recognize and support their members’ technologies and investments in biofuels, hydrogen, sustainable aviation fuel and carbon capture technologies.

An area of visibility in 2024 where AFPM continued to be active – which without additional context could be viewed as misaligned with Delta’s net-zero objectives – includes its advocacy around zero emission vehicle (ZEV) mandates at the state and federal levels.

Consumer Choice: AFPM has filed comments and supported legislation in opposition to policy efforts to accelerate investment in ZEVs via de facto mandates or production bans. Both AFPM and Monroe supported the Preserving Choice in Vehicle Purchasing Act, for example, which would prevent the state of California from limiting the sale or use of new motor vehicles with internal combustion engines. AFPM and Monroe view this initiative as ensuring a future for liquid fuels, inclusive of renewable biofuels, in the on-road vehicle market while maintaining consumer choice in vehicle purchasing decisions.

Conclusion

Delta appreciates that many factors surrounding our ambitious climate goals are outside our control and progress will require significant capital investment, government policies and incentives, dedicated R&D and the transformation of some of the world’s largest industries. As highlighted in this section, one critical component of the advancement and ultimate achievement of our climate goals is effective public policy engagement, including direct and indirect lobbying activities. Delta remains committed to being a voice of leadership on climate policy issues that impact our business and stakeholders as well as our overall global competitiveness.

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