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Apple Issues $1 Billion Green Bond After Trump's Paris Climate Exit (reuters.com)
An anonymous reader shares a report: Apple offered a $1 billion bond dedicated to financing clean energy and environmental projects on Tuesday, the first corporate green bond offered since President Donald Trump withdrew the United States from the Paris climate agreement. The offering comes over a year after Apple issued its first green bond of $1.5 billion -- the largest issued by a U.S. corporation -- as a response to the 2015 Paris agreement. Apple said its second green bond is meant to show that businesses are still committed to the goals of the 194-nation accord. "Leadership from the business community is essential to address the threat of climate change and protect our shared planet," said Lisa Jackson, Apple's vice president of environment, policy and social initiatives.
As one that agreed with Trump in pulling the US out of this stupid Paris accord, I AGREE WITH APPLE on this! Let business that can, and are willing to afford it, do so. I can't wait till the cost of solar and wind drops so I can retrofit my house with them too. I love green energy. I HATE STATIST fucks that wish to ram it down my throat half-way around the world.
Life is not for the lazy.
I thought the Paris accord was the worst of virtue signaling pointless politics, but will happily buy into this green fund bond which is actually something real to support.
Widespread use of solar power especially is inevitable, so supporting it makes a great deal of sense.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
They have over two hundred billion dollars just lying around. What's a measly one billion to them?
So they're, umm, cashing on on Trump being President?
So you think the "Right" isn't paying for climate change? Ever heard of the insurance industry?
The world's burning. Moped Jesus spotted on I50. Details at 11.
Why do they need a bond to be environmentally ... They are asking for lenders to give money rather than dip into the profit margin ... The rich always seem to need at hand out - especially when it involves doing the right thing.
BTW better strategy to save the environment stop producing millions of pieces of crap with a useful life of 2 years.
Call him all the names you want. He's uniting people left and right on a common goal. And companies are spending their own money on things the taxpayers were before.
"A person is smart. People are dumb, panicky dangerous animals and you know it." - K
They currently have $260 Billion in cash sitting in off shore banks. $1 Billion is nothing.
I would be more impressed if apple gave a portion of their profits to green initiatives and in each product sold provided a small factoid book about climate change and the environment by stating facts. Then all the people that don't believe that it is "real" that buy Apple products will be inundated with facts. What would be better is if all tech giants did this together. Apple, Google, Samsung, Microsoft, Dell, etc.
Apple is begging for money? wtf, bizarro world and you all are cheering it.
Brilliant.
...the process has just been started and won't actually be completed until 2020.
Many of the other signatories are just pissed because a large source of their blackmail money is going away - they won't cut back unless they are paid. Even if they are paid, they are still raising their pollution caps instead of freezing or reducing them.
So what?poor apple.
... is like setting your money on fire.
What, let the earth die, hoping that the government will pick up that tab? That is so EBT of you. You should be ashamed and relinquish your Section 8 housing. You've had the money all along!
Those of us who believe in global warming must act now. Do not wait for someone else to pick up the tab or hope your senator will vote the right way. It's your job.
The way for all of us "global warmists" to show our suppport is to send 1/3 of our gross salary to Apple with the stipulation that they will redistribute our money to fight global warming.
Please join me by mailing 1/3 of your gross salary (cash preferred) to:
Thank you, and have a (hopefully) cool day!
Perhaps you missed this incident a few years where Tim Cook defended Apple's use of renewable energy?
For the better part of the last decade, Apple has taken on a number of sustainability projects and adopted practices to reduce waste and carbon emissions. In 2012, it broke ground on a data center in Oregon in order to take advantage of low-cost renewable energy and has plans to make all of its facilities reliant on green energy. It generally scores highly with EPEAT, a federal environmental group that keeps a registry of "green" digital devices. And in May 2013, it hired Lisa Jackson, who formerly ran the Environmental Protection Agency, to help Apple with sustainability.
https://arstechnica.com/apple/2014/03/at-apple-shareholders-meeting-tim-cook-tells-off-climate-change-deniers/
They're not coughing up money. They're borrowing 1 billion dollars by issuing bonds on the promise of spending it on green tech. And I can't find anywhere in the article where it mentions what rate of return the bond is paying.
Hey you! You with a basic understanding of the topic! Delete and ban yourself now!
A company that willingly manufactures the VAST majority of it's products using Chinese coal and slave labor decides to cough up a billion dollars to do what?
Undo what it has wrought?
If Apple was sincere it would move its manufacturing to the USA where we actually have clean air standards.
Caution: Contents under pressure
Chris, this is Jimmy in marketing? We were just wondering when you're returning our 3 foot LEGO Imperial Star Destroyer that you took from the ceiling?
We also found the five ladders you broke.
We're so environmentally friendly! Now quick, throw out your year old iPhone 7 because YOU MUST buy the iPhone 8! It's almost exactly the same, but it's the latest model! You don't want to be seen at Starbucks with a phone that's over a YEAR OLD do you?
Seven puppies were harmed during the making of this post.
I would be more impressed if apple gave a portion of their profits to green initiatives and in each product sold provided a small factoid book
What would this action cause to increase Apple's profits? I expect management to fulfill their obligation to maximize Apple shareholders' investment returns, otherwise offenders are subject to getting sued and ejected.
Call him all the names you want. He's uniting people left and right on a common goal. And companies are spending their own money on things the taxpayers were before.
All hail the God Emperor Leto Atreides II!
His wormy orange appearance and Golden Path will unite us by subjugating us.
Let's give a high 5 to the Invisible Hand!
Citation: Wikipedia
Let's remember that Apple is legally obligated only to do things which are in the interest of its shareholders. This is not some altruistic act. I bet a good deal of the money they're borrowing will be spent on their own automated vehicle efforts (which, in theory, could *also* be good for the environment), improvements in data centre cooling efficiency, power savings, etc. I imagine the bulk of the benefit to shareholders is simply as a marketing ploy, to keep their customer base happy and coming back for more, tricking them into believing that Apple is a "good" corporation and shares their values.
Honestly, this is disgusting. The last thing we need is the business community trying to steer environmental efforts in order to benefit them. We need fucking deplorables to pull their heads out of their asses. That's it.
Unlike the inefficient red states, we blue cities are investing in more efficient cheaper energy.
Like this.
Have fun being left in the dust!
-- Tigger warning: This post may contain tiggers! --
Hey, Jimmy, this is Bill in accounting. We had to repossessed the Star Destroyer for non-payment on the Krispy Kreme tab. It was my mother who broke all those ladders. Replacement ladders will be coming out of the marketing budget.
They're not coughing up money.
If Apple and their artistic tax attorneys brewed up this scheme, you can be guaranteed that there is a financial advantage for them. This reminds me of Mark "Sugar Mountain" announcing that he was donating all of his fortune to charity.
Oh, wait, he's not donating it to charity . . . he's donating it to an investment vehicle that he completely controls. If an investment fails . . . he gets to write it off on taxes. If an investment turns a profit . . . well, he keeps that, tax-free.
Privatize profits, socialize losses.
If I tried shenanigans like this on my tax return for my ranch, the IRS would char-broil my balls. Not that my vast herds of armadillos and rattlesnakes are worth much to anyone anyway.
Oh, but I did implement a fix for the socket layer "Thundering Herd" problem ages ago . . . that's another story, but the IRS would tax me for that if they could . . .
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
Hey guys, this is Bob over in facilities? I just got a trouble ticket for 15 toilets in 3 men's rooms completely blocked with LEGO. You know anything about this? Ii called Chris in the basement 20 times already but I guess he's on lunch?
That's funny because for the most part (Texas being the exception), red states are financially supported by the blue ones.
But you're right about the "idiotic left." The left are idiots for giving welfare to the red states. It's time to cut the red states off and let them try to support themselves financially. Self-reliance is still a conservative value, isn't it?
Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
Only 2 people so far have understood what the fuck this means.
They're ISSUING A BOND. That means someone can GIVE APPLE MONEY and get a BOND which will, in theory, earn interest over time.
Someone could then CASH THAT BOND and Apple would have to pay them the face value of the bond plus any accrued interest.
What is the interest rate?
When does it fully mature?
What is the money going toward?
Are there guarantees? (Typically there are with a bond.)
What will Apple do with the money?
What other little gotchas are there?
Industry standard battery/data connections and get out of the proprietary cable /adapter business. Now, this would be a true gesture of Apples' willingness to "save the planet".
Lets look at the 2016 eligibility:
We selected projects that represent the breadth of environmental work we are
undertaking at Apple. A broad range of teams submitted projects for an allocation
of Green Bond proceeds. The Green Bond Project Review team selected projects
based on the following criteria:
Alignment with eligibility criteria
Refection of our three environmental priorities
Measurability of environmental benefts
Magnitude of environmental benefts
Feasibility to track and audit project expenditure
Sounds great! is this available to any global team deemed worthy?
Nope, this money goes to apple and its own internal green projects. I.E. Apple just gave themselves 1 bn to develop money saving and "green" tech that mostly just applies to them.
I have no problem with them developing what they want with their own money....but let's call a spade a spade....this is tax evasion, pure and simple.
Unless a switch to "Green energy" makes economic sense, it doesn't make any sense. I could decide to heat and cool my home and power everything in it without any fossil fuels being burned at all if I got funding for a mini nuclear power plant in my back yard. But it'd NEVER make any real economic sense to do it (even if you assume all the safety issues are handled far better than today's reactors handle them).
I'd be better served by Apple cutting prices on its products, rather than financing the latest politically-correct or trendy Green energy initiative that wasn't able to justify its existence to any traditional lenders. But no ... Instead, we're supposed to pay $129.99 each for the new Apple wireless keyboards (with non-replaceable rechargeable batteries inside them). What a value, right?
So, we all know that it's just a clever tax dodge for them and now Apple is bad, but when they support everyone else paying through taxes, it's good? Yeah, right.
Slashtard liberal idiots.
Jimmy, Bob and Bill, this is Carol in HR. Chris will be conducting a sensitivity training class at 3PM today. Be there or be fired.
By todays "Republican" standards, the idiotic left also paid for the foundations of what just allowed you to type out that idiotic message on a magical box and send it through the magical intertubes:
https://en.wikipedia.org/wiki/History_of_the_transistor
https://en.wikipedia.org/wiki/ENIAC
https://en.wikipedia.org/wiki/ARPANET
All paid for under guberment contracts which paved the way for the private industry to develop tools and expertise to build what we have today.
Talking to Republicans is like talking to a day trader...
Day trader: "Hahaha I just took my profit for 10%!"
10 years later, company is worth 30x more...
"Hardly surprising, we see that in a two-party split, 60-80% of welfare recipients are Democrats, while full time Workers are evenly divided between parties.
"You have similar results in this recent NPR-Poll. Among the Long Term Unemployed, 72% of the two-party support goes to Democrats.
"It appears that once more common sense is right and the impression left by the New York Times wrong. Indeed, people who live off the government disproportionally support Democrats.
"Given that Krugman is aware of the Gellman-Paradox, he should have reported the individual level data first instead of wasting everyone’s time with state-level aggregation that we already know is wrong. Instead he acknowledged that state level data is probably wrong (to get cover), then goes ahead and relies on the wrong method anyway, since it produces the results he wants. The false impression that Republicans use more welfare is already spread around the internet by liberals who still trust Krugman."
That of course would mean that Apple nees to violate their mission statement:
"Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices."
"Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings."
OK, but tell him to wash first this time, and to eat his toenails before the class. The last time he grabbed his foot to his mouth he was wearing short shorts, and I'm still working that image out of my mind...
The mental gymnastics of Trump supporters are amazing...
1. Paris accord and the NATO green fund (i.e. you're precious tax dollars) are two separate things.
2. Contributions to the NATO green fund would benefit the US because those funds which are 'sent' to other countries are used to 'buy' production from US companies. But it's not OK because environmentalism is a dirty left idea, and deals like the Saudi Arabia Arms deal are genius and bestest thing ever! YUGE!
3. These corporations aren't using their own money... you do understand what a bond is right?
I'm honestly thinking that this is the long term effects seen before the EPA was established... Pollutants must be cause some sort of mental retardation with a significant portion of the population... Either that or the US education system.
Nice try, but the idea of Red State Socialism (Republican states get more federal spending than they pay in federal taxes) is well supported.
Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
A fool and his money are soon parted
Can someone point to a time in the history of our big blue ball of fun when the climate has not changed?
Also, a nice try, but read the article. "Red states" may get more federal funding, but not all of the people in each state are "red" or "blue". In fact, in most states the difference between Democrat and Republican voters is less than 10%. So, if the Democrats in a state are disproportionately receiving a large share of federal largesse, it says nothing about the Republicans in that state.
All part of the defense of the country. That's a tenet of conservatives - defense of the country is one of the most legitimate responsibilities of the federal government.
From your articles:
Although ENIAC was designed and primarily used to calculate artillery firing tables for the United States Army's Ballistic Research Laboratory,[5][6] its first programs included a study of the feasibility of the thermonuclear weapon.[7]
The Bell Labs work on the transistor emerged from war-time efforts to produce extremely pure germanium "crystal" mixer diodes, used in radar units as a frequency mixer element in microwave radar receivers.
ARPANET was initially funded by the Advanced Research Projects Agency (ARPA) of the United States Department of Defense.
By today's "Democrat" standards, the idiotic right set the foundations of what just allowed you to type out that idiotic message on a magical box and send it through the magical intertubes.
Hoist by your own petard, it would seem.
I would be more impressed if so-called environmentalists actually cleaned up their own backyard first. This includes having less children, smaller homes, smaller cars and being vegetarian. My experience is that a lot of these folks talk a good game but do fuck all when it comes down to their personal lives. They must be living on the idea that buying a Tesla and having a government accord that has no measure of real accountability is somehow going to fix things. Of course, the vast majority of them have a million excuses as to why they don't own an EV.... but don't let that stop them from running their mouths.
I would be more impressed if people wanted to promote a better way of life instead of using science like a club to bash others while not really living the life they're talking about.
I would be more impressed if the so-called "Science!" crowd actually got out and active in their science community. I do community outreach with an astronomy club and out average donations for a star party night is about as much as what it would cost a family of four to go to the theater to see the latest sci-fi movie. For us, a dollar per visitor is doing very very well. Hollywood is (very literally) going to make more money from their first 10 dim-minded consumers than a nonprofit organization promoting science makes with the work of a couple dozen volunteers, hundreds of thousands of privately owned telescopes and countless hours of knowledge and effort. Stop acting like you're all "Science!" and actually work with those of us who are really trying to promote the idea of science.
I would be more impressed if people stopped flogging what is a dead horse in the minds of many and went for the low hanging fruit instead. Instead of attacking people why not raise up those who are already on board but don't know how to go about producing results? Does a bit of positive energy really mindfuck people like you so badly?
I would be more impressed if people who find favor for what some of these smaller governments and companies like Apple doing would start holding their feet to the fire and ask "Why the fuck haven't you been doing this all along?" Why did it take a token move by Trump to spur these "concerned" people into action? If they had the money and power to do it all along they should have been doing it all along. Instead they let it go and turned it into politics... by doing this they fucked you and only did The Right Thing(tm) when it was in the form of political capital. How the fuck doesn't that piss off a real environmentalist?
Thanks for finally coming back to the same conclusion liberalism had 150 years ago.
Signed, -Libertarians.
"His name was James Damore."
That of course would mean that Apple nees to violate their mission statement:
Maximizing profit is not in conflict with their mission statement.
Doing all of those things listed in their mission statement have proven extremely profitable.
Let's not get into hypotheticals. The important point is that red states tend to get more federal funding than they pay in federal taxes, while blue states tend to pay more in federal taxes than they receive in federal funding. So the Democratic states subsidize the Republican ones.
Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
But, the Democratic voters get more federal funding than they pay in federal taxes, while Republican voters tend to pay more in federal taxes than they receive in federal funding. So, the Republican voters subsidize the Democratic ones. That's a much more important distinction.
Now can you make your own products without slave labor, make them upgradable and recyclable?
Or are you just giving slush money to slush funds?
Hmmm....let's see....I'll bet there's never any report where it all goes.
Time to switch back to Windows.
Most major military bases are located in red states, hence more federal money.
Yeah 1 billion dollar for them is like a bar of chocolate for us xD. It's just bothering them... By the way if you are interested How to build iOS apps and how to get real profit I recommend this link http://bit.ly/2tooQge It helped me a lot, I have an app with already 30.000 downloads and it really works.
Apple's Lisa Jackson says they are working to "protect our shared planet".
This is a common misconception. Our goal should be to maintain the planet's ecosystem compatible with human life. The planet will perfectly cope with our removal because we do not fit anymore.
Apple should make their products repairable, provide replacement parts, publish maintenance manuals, and stop releasing new models every year. That would do way more for the environment and drastically lower carbon footprint and e-waste than a billion dollar PR stunt does.
Complete nonsense linking a private company's "green bond" offering to the President's pulling out of wasting billions of dollars of taxpayers money on a slush fund for bureaucrats in Europe. More trolling by the media.
Cite Please
....And yet all of Apple's manufacturing and money is overseas avoiding taxes and supporting the USA. Really Apple?
"... in 2003, the average Republican man paid about 48 percent ($5,100) more than his Democratic counterpart in total Federal taxes, including FICA contributions. The average Republican woman paid about 34 percent ($3,400) more than her counterpart."
http://wallstreetpit.com/89671... [wallstreetpit.com]. From the article:
"Hardly surprising, we see that in a two-party split, 60-80% of welfare recipients are Democrats, while full time Workers are evenly divided between parties.
"You have similar results in this recent NPR-Poll. Among the Long Term Unemployed, 72% of the two-party support goes to Democrats.
And WTF do they need to issue a bond for?!? They are sitting on a pile of cash that would make Scrooge McDuck jealous.
I don't know much about economics of a corporation, but why do Apple need to borrow when they sit on a shit load of cash?
Or is it more of a marketing strategy saying "look, we're a great company, we try to invest and improve environment protection"?