Business and Finance

Apple, Google and Microsoft All Make Climate Change Pledges

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Apple, Google and Microsoft are among a group of large companies that are working with the White House to cut carbon emissions.

The companies, which also include Bank of America Corp., General Motors Co., Cargill Inc. and Alcoa Inc., have pledged $140B to help cut carbon emissions.

“It’s significant because they are carbon-intensive, energy-consuming companies making a bottom-up commitment to address climate change,” Kevin Book, managing director at ClearView Energy Partners, a Washington-based firm, told the Wall Street Journal.

Two of the largest pledges come from Bank of America and General Motors Co. GM has pledged to cut their carbon emissions by 20% in the next 5 years, while BOA pledged $75M to help combat the problem.

Apple, which is already the cleanest company of the bunch (they already run their entire stateside operation on renewable energy) said they will bring an additional 280 megawatts of ‘clean energy’ online. Some of this clean energy may be used to power some of the company’s Chinese operations.

Some might see the move as mostly symbolic as the companies involved with the announcement are not very large polluters as far as carbon emissions go. Most carbon emissions come from the energy sector. No companies from that business sector were involved in this announcement.