Patagonia is taking money the company saved from the 2017 federal tax cuts and putting it toward another cause: the planet’s well-being. In a 360-word statement published to LinkedIn on Wednesday, CEO Rose Marcario announced that Patagonia will be donating its $10 million tax cut to “groups committed to protecting air, land and water and finding solutions to the climate crisis.” “Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact,” wrote Marcario. “Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.” Marcario also called out the results of the most recent Climate Assessment report from 13 federal agencies, which warned that the United States could lose 10 percent of its GDP by 2100 if greater action isn’t taken to protect the planet and curtail climate change. “The climate crisis is already affecting all of us,” she continued. “Mega-fires. Toxic algae blooms. Deadly heat waves and deadly hurricanes. Far too many have suffered the consequences of global warming in recent months, and the political response has so far been woefully inadequate—and […]
Latest Articles
The Success of Spirit Bear Lodge: How a Remote, Community-led Business Became a Global...
Takeaways: The Spirit Bear Lodge in British Columbia as helped strengthen economic, conservation, and cultural well-being in the community of Klemtu for over 20...
“I Actually Love to Drive. But…There’s no Driving in Los Angeles. There’s Idling and...
Takeaways: Eric Brightwell moved to Los Angeles from Iowa and has been car free for 11 years.
To get around the city, Eric walks,...
A 1st in the U.S., Unions Announce Deal to Build Offshore Wind Farms (Video)
Takeaways: The U.S., offshore wind developer Ørsted and North America’s Building and Trade Unions have agreed to a national project labor agreement for offshore...
An Enormous Hydrogen Battery-Hybrid Truck Can Help Cut Emissions
Takeaways: A mining company called Anglo American has unveiled the world's largest hydrogen-battery hybrid mind haul truck.
This new technology has the potential to...
6 New Tiny Frog Species Discovered in Mexico
Takeaways: Researchers have discovered 6 new species of miniscule frogs in Mexico.
When they are fully grown the frogs will measure about 18 millimeters...
Inflating Animals: 7 Incredible Creatures That Blow up Like Balloons
Takeaways: Some animals are able to inflate themselves as a way to project sounds, scare off predators or even attract a mate.
Siamangs will expand...