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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.
https://www.youtube.com/watch?...
Thanks to international tax dodges, it's almost impossible to get a company like Apple to cough up money. But pull out of one accord and they just voluntarily hand over money.
The madman did it.
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.
This is great. Let the idiotic left pay for this worthless garbage while allowing the right to prosper.
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?
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.
...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/
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.
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?
In a master stroke, Trump has motivated our largest cities, states and some of our biggest corporations to voluntarily provide most of the benefits of the Paris deal, without spending trillions of tax dollars that will not benefit us. And he managed to get the rest of the world pissed enough to refuse to let us try to renegotiate our financial commitments, saving us even more tax dollars.
By pulling out of the Paris deal, Leftists are now screaming for state's rights and corporate rights. If that's not 3D chess, I dunno what is.This folks, is what winning looks like.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
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?
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.
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...
We don't need the federal government as much as you think we do. Things can get done just fine without the people in DC getting involved in everything.
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?
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.
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.
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.
....And yet all of Apple's manufacturing and money is overseas avoiding taxes and supporting the USA. Really Apple?
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"?