31 Jul '15, 6pm

Companies Pledge $140 Billion Toward Resolving Climate Change

Companies Pledge $140 Billion Toward Resolving Climate Change

The White House has organized an initiative to demonstrate the private sector’s commitment to combating climate change. The result: a total of $140 billion in new funds from more than a dozen leading U.S. companies. The effort was the latest in a series of actions taken by the White House on climate change. While many of the companies have made previous efforts to mitigate climate change, the announcement consists of new commitments of both money and resources to tackle the issue. The list of 13 companies involved in the initiative contains many of the country’s most eminent corporations, including banks, retailers and tech companies. “What’s exciting about this is these commitments are new and push beyond what has been done,” said Brian Deese, the president’s senior climate change advisor, on a conference call for journalists. “They are accountable, measurable and verifia...

Full article: http://news.mongabay.com/2015/07/companies-pledge-140-bil...

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