Apple, Partners Start $200 Million Fund for Forestry Investments
April 15 2021 - 9:45AM
Dow Jones News
By Dave Sebastian
Apple Inc., Goldman Sachs Group Inc. and Conservation
International have started a $200 million fund to make investments
in forestry projects, Apple said.
The Restore Fund aims to remove at least 1 million metric tons
of carbon dioxide a year from the atmosphere, equivalent to the
amount of fuel used by more than 200,000 passenger vehicles, Apple
said Thursday.
Apple has set a target of being carbon neutral by 2030. It aims
to eliminate 75% of emissions for its supply chain and products by
2030, and it said the fund will help address the remaining 25% of
emissions.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 15, 2021 09:30 ET (13:30 GMT)
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