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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.
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
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.
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.
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.
Brilliant.
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.
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
I'm thinking that this might be a scam to repatriate some of the money without paying taxes.
1. Apple can use their overseas money to buy their Green bond.
2. The then get to use the money in the US and they can pay themselves interest which will go back to the overseas account.
3. Profit (for Apple, not so much for US taxpayers).
I don't read your sig. Why are you reading mine?
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.
Apple is soliciting other peoples' wealth, rather than spend any of the gold in their money bin that they like to roll in.
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?
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.
I have yet to see the experiments where they quantify CO2's absorption at different concentrations and in the presence of different concentrations of other gasses.
Did you go to college? Did you study any STEM field? The experiments that you describe are routine first year undergraduate chemistry that should be a prerequisite for any STEM degree.
Seriously? Are you a fucking retard? The absorption and emission properties of CO2 have been known for over a century. I have to assume you are indeed a complete fucking moron.
http://irina.eas.gatech.edu/EA...
The world's burning. Moped Jesus spotted on I50. Details at 11.
How about the last 10000 year? See https://xkcd.com/1732/.