Lyft will invest ‘millions’ in effort to become completely carbon neutral

Lyft announced a multimillion-dollar investment to become a completely carbon-neutral transportation service. The ride-hailing company said on Thursday that it would purchase an undisclosed number of carbon offsets, which are investments in environmental projects elsewhere to balance out Lyft’s own carbon footprint. In the first year alone, Lyft says it anticipates offsetting “over a million metric tons of carbon.”

According to Lyft’s co-founders, these investments will help fund a variety of environmental and sustainability efforts.