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Showing posts with the label Carbon Emission & Forestry Fund.

News | Carbon Emissions And Sustainable Forestry: Apple Launches $200 million Forestry Fund.

  marketwatch.com Apple launches $200 million forestry fund it says will bring financial return for investors Rachel Koning Beals 5-6 minutes Apple has created a $200 million fund designed to remove carbon emissions from the air and support the sustainable forestry the company uses to package iPhones and more. Yet the fund will still generate a financial return for investors. Called the Restore Fund, the effort launched with Goldman Sachs GS, +0.39% , who’ll run the investment portion, and nonprofit Conservation International, aims to remove 1 million metric tons of carbon dioxide from the atmosphere each year. That’s equivalent to more than 200,000 passenger cars annually, Apple AAPL, -0.55% said this week. The project is also meant to show other for-profit enterprises that their investment in environmental pursuits can improve t