Apple issues new green bond to finance clean energy

Apple Inc. is once again issuing a $1 billion green bond to be sold by a U.S corporation to finance projects fighting against global warming.

The iPhone maker on June 13th issued a $1 billion green bond to fund renewable energy generation, which builds on the $1.5 billion worth of bonds Apple sold last year.

Apple was among the list of companies that signed an open letter pledging to continue efforts to meet the Paris agreement. The company’s CEO, Tim Cook, even said last week that he sought to persuade the American president Donald Trump from withdrawing from the Paris agreement.

In a report by BloombergLisa Jackson, Apple’s vice president of environment, policy and social initiatives, said in a statement, “Leadership from the business community is essential to address the threat of climate change.”

Apple also said its plans to use the proceeds of the sale of bonds to finance projects involving renewable energy resources and energy efficiency, among other things.

The sale was arranged by Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co.

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