{"id":6625,"date":"2023-04-11T21:08:37","date_gmt":"2023-04-11T21:08:37","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/apple-to-invest-another\/"},"modified":"2023-04-11T21:10:05","modified_gmt":"2023-04-11T21:10:05","slug":"apple-to-invest-another","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/apple-to-invest-another\/","title":{"rendered":"Apple to invest another $200 million in carbon removal fund"},"content":{"rendered":"<p>(Reuters) &#8211;     Apple Inc said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. <\/p>\n<p>The iPhone-maker said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial $200 million commitment. <\/p>\n<p>The additional investment is expected to help the fund start new projects and double its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said.<\/p>\n<p>Apple is making efforts to become carbon neutral through its entire supply chain and the life cycle of every product by 2030.<\/p>\n<p>The fund, launched with Goldman Sachs Group Inc and nonprofit Conservation International, has invested in forest properties in Brazil and Paraguay in the last two years. <\/p>\n<p>The expanded fund will be managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination, Apple added. <\/p>\n<p>&#8220;The Restore Fund is an innovative investment approach that generates real, measurable benefits for the planet, while aiming to generate a financial return,&#8221; said Lisa Jackson, Apple&#8217;s vice president of Environment, Policy, and Social Initiatives.<\/p>\n<p \/>\n<p>(This story has been corrected to clarify that the new $200 million investment doubles Apple&#8217;s carbon removal goal to 2 million metric tons in paragraph 3)   <\/p>\n<p \/>\n<p \/>\n<p> (Reporting by Yuvraj Malik in Bengaluru and Stephen Nellis in San Francisco; Editing by Shweta Agarwal)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/apple-to-invest-another\/file-photo-file-photo-apple-inc-reports-fourth-quarter-earnings-2\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3A0OY-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3A0OY-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Apple Inc said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The iPhone-maker said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":6626,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[1223],"class_list":["post-6625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3A0OY-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=6625"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6625\/revisions"}],"predecessor-version":[{"id":6774,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6625\/revisions\/6774"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/6626"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=6625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=6625"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=6625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}