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Apple has just offered a whopping $1 billion “green bond” to help finance environmental projects, despite President Trump’s recent withdrawal from the Paris climate agreement.
Tim Cook is one of a number of CEOs who tried to convince Trump to support the agreement. Ultimately, he failed as the US became one of only three countries worldwide who aren’t involved in the pact to combat climate change. Despite the government’s non-involvement, many American companies are still willing to support the accord – and rightly so, as it’s large corporations who are responsible for much of the environment damage in the first place.
This is the first corporate bond since Trump’s withdrawal, and is a strong indication that Apple is ready to put its money where its mouth is in terms of supporting green energy. The company’s Environment VP said “leadership from the business community is essential to address the threat of climate change and protect our shared planet.”