Monday, December 6, 2021

Apple, other big companies take part in new Biden effort with promises on clean energy

Get more The Box amazon Deals and items The Box Proudly pick for you

This artical is first shown on marketwatch

President Joe Biden on Tuesday plans to unveil a “First Movers Coalition” that involves pledges around clean energy from Apple Inc. and other big companies, according to senior Biden administration officials.

The group is intended to help build private-sector demand for clean-energy technology and thereby speed innovation in that area, the officials told reporters.

It’s expected to have more than 25 founding members, including Apple
AAPL,
-0.56%
,
other key technology players and other large companies from a range of industries.

Together the members have hundreds of billions of dollars in purchasing power, and they will make “demand commitments” related to clean energy
ICLN,
+2.06%

and innovation, the officials said.

Tuesday marks Biden’s second day in Glasgow, the Scottish city where the U.N. is holding its major climate-change summit, the Conference of Parties, or COP26.

His administration is to make a raft of announcements at the event. In a speech on Monday, the president offered U.S. financial help, which will need Congressional backing, for the developing nations that risk being crushed under the effects of climate change.

This artical is first shown on marketwatchAuthor on date 2021-11-02 04:01:00
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron’s, it is a subsidiary of Dow Jones & Company, a property of News Corp.

BEST

Amazon Deals

Get the best Amazon promotions and deals. Fast delivery and free returns on eligible items. Discover millions of products available from Amazon

Trending

More Articles Like This