American firms pledge USD$140 billion to support climate action

Apple, Coca-Cola and Walmart are among 13 American multinationals that have put forward $140 billion of new low-carbon investment in an announcement at the White House.

The companies have expressed their support for President Obama’s Climate Action Plan to cut six billion tonnes of carbon pollution by 2030 at a White House event hosted by Secretary of State John Kerry.

The businesses have signed up to an American Business Act on Climate Pledge, voicing strong support for the Paris climate change talks which will be held in December.

The group aims to demonstrate a commitment to climate action, with collective investment of $140 billion in low-carbon technologies and plans for more than 1,600 megawatts of renewable energy.

Other companies launching the Climate Pledge include Bank of America, Cargill, GM, Goldman Sachs, Google, Microsoft, Pepsi-Co, and UPS.