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.

Comments

Re:YES!

[MightyMartian]

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.

Re:Better than taxes.

[pastafazou]

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.

Peanuts

[OYAHHH]

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.

At apple we're so enviroconscious

[Dunbal]

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?

Re:At apple we're so enviroconscious

[Black.Shuck]

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.

You're All Fucking Retarded

[sexconker]

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?