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Apple Issues $1 Billion Green Bond After Trump's Paris Climate Exit (reuters.com)

Posted by msmash on from the for-green dept.

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.

8 of 168 comments (clear)

  1. Second that by SuperKendall · · Score: 2, Insightful

    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
  2. Re:YES! by MightyMartian · · Score: 4, Insightful

    Sooner or later it's all going to get rammed down your throat. How much do you want to pay for house insurance? How much do you think your taxes will go up to pay for remediation or repair of damaged infrastructure? You're not immune from the costs of AGW, and actuaries are already pricing it into insurance.

    There are things that nation states are supposed to do; things that private organizations or sub-national jurisdictions can't expect to do or could never afford to do. Your ideology is getting in the way of seeing the big picture. The physical laws of the universe don't give a flying fuck about your ideology. It is utterly meaningless. CO2 has the properties it has, and shouting "STATIST FUCKS" is simply the cry of stupidity and impotence.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  3. Brilliant! by ArhcAngel · · Score: 1, Insightful

    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
    1. Re:Brilliant! by XxtraLarGe · · Score: 1, Insightful

      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.

      You could probably thank Trump too. Not only is he making companies pay for their own green initiatives, he's also made Democrats embrace the concept of federalism.

      --
      Taking guns away from the 99% gives the 1% 100% of the power.
    2. Re: Brilliant! by Anonymous Coward · · Score: 0, Insightful

      How would you know anything at all about the people who support what the President is doing? You live in a shrunken world where you play with parody dolls of anybody you disagree with. Granted it's a rich cultural world, but it's made up of imagined fluff and if you sniffing closely it smells funny. Like a big overpopulated City tends to.

    3. Re:Brilliant! by drinkypoo · · Score: 1, Insightful

      He's uniting people left and right on a common goal.

      Get rid of him? That's like how my thumb and forefinger unite to squeeze a pimple.

      And companies are spending their own money on things the taxpayers were before.

      A tiny minority of companies. How many companies are taking advantage of the foot Trump has stuck up in the EPA to pollute more?

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  4. Re:Better than taxes. by pastafazou · · Score: 5, Insightful

    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.

  5. A win for Adam Smith and America by gachunt · · Score: 1, Insightful

    Let's give a high 5 to the Invisible Hand!

    Citation: Wikipedia