Monday, July 27, 2015

Corporate Giants Commit $140 billion to Address Climate Change. #ThanksObama

In the immortal words of VP Joe Biden...this is a BFD!
US corporate giants including Apple, Google, Microsoft, Berkshire Hathaway and Goldman Sachs are looking to invest at least $140bn to shrink their carbon footprints, according to media reports...

The committed funds will be utilised to cut emissions, provide financing to environmentally-focused companies, reduce water consumption, and produce 1,600 megawatts of new, renewable energy, which is enough to power nearly 1.3 million homes.

The announcement comes as part of the Obama administration's efforts to bolster private commitments to climate change, ahead of a summit in Paris later in 2015. The White House expects to announce a second round of similar pledges later from more companies, Bloomberg reported.
That's $140,000,000,000 - seeing a number like that written out can begin to help us understand what a huge financial commitment this is.

Here's a White House fact sheet on The American Business Act on Climate Pledge - yet more evidence of the impact of President Obama's "pen and phone" strategy.

1 comment:

  1. Kinda like they're paying taxes or something, all this investing directly in infrastructure. So happy about this.

    ReplyDelete