13 Big US Firms to Donate $140bn to Fight Climate Change

business_ethics_highlights_2It is perhaps not a coincidence that the list includes Microsoft and Berkshire Hathaway — Microsoft was formerly led by Bill Gates, and BH is currently led by Warren Buffett, and Gates and Buffett are the two most generous philanthropists in history. Another point to ponder: has anyone studied the effect that such a move on the part of a handfull of firms can have on the public’s perceptions of big companies in general? Are there important positive externalities within the business community, here?>>>

LINK: Apple, Microsoft, Google and other US firms to commit $140bn to address climate change (by Jerin Mathew in International Business Times)

US corporate giants including Apple, Google, Microsoft, Berkshire Hathaway and Goldman Sachs are looking to invest at least $140bn (£90.2bn, €127.4bn) to shrink their carbon footprints, according to media reports.

Executives from 13 major US corporations are due to announce the investment at the White House on 27 July, in the presence of Secretary of State John Kerry and top administration officials.

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….

What do you think?


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