The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Apple Responds to Trump's Paris Exit With $1 Billion Green Bond
Apple Inc. issued a $1 billion "green bond" on Tuesday, the first U.S. corporation to make such an offer in response to President Donald Trump's withdrawal of the U.S. from the Paris climate agreement.
Proceeds from bond sales will finance renewable energy projects and other environmental initiatives at Apple facilities and in its supply chain.
Last year, the iPhone maker issued a record $1.5 billion in green bonds after the signing of the landmark accord. The aim of the second bond is to show that companies are still committed to the 2015 global agreement.
"Leadership from the business community is essential to address the threat of climate change and protect our shared planet," Lisa Jackson, Apple's vice president of environment, policy and social initiatives, said in a statement.
The tech giant has worked hard to shrink its global carbon footprint in recent years. Apple announced two months ago that 96 percent of the electricity used at its global facilities came from renewable energy. The company is working towards 100 percent renewable goal.
According to Reuters, Apple allocated $442 million last year to 16 different projects from renewable energy to recycling from its first bond offer.
Tim Cook, Apple's chief executive, spoke out against Trump's June 1 announcement to exit the Paris deal.
"I spoke with President Trump on Tuesday and tried to persuade him to keep the U.S. in the agreement. But it wasn't enough," Cook wrote then in an email to employees.
Cook also noted the company's continued commitment to protect the environment.
"We power nearly all of our operations with renewable energy, which we believe is an example of something that's good for our planet and makes good business sense as well," he said.
EcoWatch Daily Newsletter
42 Nobel Laureates Urge Trudeau to Act With 'Moral Clarity' and Stop Climate-Wrecking Teck Frontier Mine
By Jessica Corbett
In an open letter to Canadian Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland, 42 Nobel laureates implored the federal government to "act with the moral clarity required" to tackle the global climate crisis and stop Teck Resources' proposed Frontier tar sands mine.
Concrete and asphalt absorb the sun's energy. So when a heat wave strikes, city neighborhoods with few trees and lots of black pavement can get hotter than other areas — a lot hotter.
By Tara Lohan
The Santa Fe River starts high in the forests of New Mexico's Sangre de Cristo mountains and flows 46 miles to the Rio Grande. Along the way it plays important roles for wildlife, irrigation, recreation and other cultural uses, and provides 40 percent of the water supply for the city of Santa Fe's 85,000 residents.