Google Plans $150 Million in Renewable-Energy Investments
October 15 2019 - 12:10PM
Dow Jones News
By Micah Maidenberg
Google said it plans on investing about $150 million in
renewable energy projects in communities where its products are
manufactured.
The company said it hopes its planned investments will generate
around $1.5 billion in capital for renewable energy in production
regions, Anna Meegan, head of sustainability for the Google
consumer hardware business, said in a blog post published
Tuesday.
All Google Nest products launching this year are being built
with recycled plastics and shipping of those products is now carbon
neutral, Ms. Meegan added.
Shares of Google parent Alphabet Inc. (GOOGL) rose 1.6% in
late-morning trading.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 15, 2019 11:55 ET (15:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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