Thirteen large businesses have signed a White House pledge to fight climate change. By signing the American Business Act on Climate Pledge, the corporations have agreed to reduce their carbon emissions, increase low-carbon investments, invest in renewable energy and support an international agreement to combat climate change. In total, the pledges will account for $140 billion in new low-carbon investments and more than 1,600 megawatts of new renewable energy.
This December, nations will gather for global climate negotiations in Paris, France. This fall, in preparation for the global meeting, the Obama Administration will release a second round of pledges with the goal of encouraging more companies to join in on the American Business Act on Climate Pledge.
This pledge is part of the President’s Climate Action Plan, which, once fully implemented, will cut nearly 6 billion tons of carbon pollution. This is equivalent to removing every car in the United States off the roads for more than four years.
Companies that have signed the pledge include Apple, General Motors, Google and UPS, among others. The companies making the pledge totaled more than $1.3 trillion in revenue in 2014.
For a full list of the companies that have made the pledge and more information about the American Business Act on Climate Pledge, read this White House press release.
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