Apple to invest another $200 million in carbon removal fund
- Media Manager
- Apr 10, 2023
- 1 min read
Reuters
Published: April 11th, 2023
Apple Inc (AAPL.O) 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 $200 million commitment.
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.
