Leading firms join White House pledge to fight climate change
Thirteen of the largest companies from across the American economy who are standing with the Obama Administration to launch the American Business Act on Climate Pledge which encourages companies to cut pollution and use sustainable resources.
Alcoa, Apple, Bank of America, Berkshire Hathaway Energy, Cargill, Coca-Cola, General Motors, Goldman Sachs, Google, Microsoft, PepsiCo, UPS, and Walmart all signed the pledge.
These firms generated a combined $1.3 trillion in revenue in 2014 and have a total combined market cap of $2.5 trillion. Their pledges would deliver $140 billion in investment that could lower carbon emissions, and create 1.6 gigawatts of new clean energy projects.
The pledge demonstrates that these Fortune 500 firms are eager to change the conversation in the U.S. around clean energy and climate change in the run up to the United Nation’s COP21 conference in Paris at the end of the year. At that event, countries around the world set targets for lowering their nations’ greenhouse gas emissions.
By signing the White House pledge, the companies agree to support a strong outcome from the Paris talks, agree to new investments in clean energy and reducing carbon emissions, and agree to provide leadership around fighting climate change.
