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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.
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
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!
Jokes are funny because they say something about reality.
Apple release 1 new phone per year in 2 sizes.
Samsung released more than 30 phones in 2016, and have released around 15 already in 2017.
On top of this, Apple have a recycling program, a refurbishing program, years-long hardware and software support, and their devices have astonishingly high resale prices considering they're, well, computers. They're great "hand-me-down" phones in families because of how easy it is to backup/restore/upgrade the software across generations of devices.
So I dunno man. I'm not saying you're wrong about many Apple users, but the news is about Apple itself increasing its environment efforts, perhaps with the eventual goal of being able to sell phones every year and for that to be cool ecologically as well as fashionably.