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Apple, Google and Tesla Making Strides to Combat Climate Change: Analyst

11/30/15 10:34 AM EST
A host of major companies like Apple (AAPL), Google (GOOG) and Tesla (TSLA) are investing resources to combat climate change, as world leaders gather in Paris for a ten day conference on the issue. ‘We have some of the greatest companies setting their minds towards solving this issue [of climate change],’ said Simon Webber, lead portfolio manager - global equities at Schroders, based in London. ‘Google (GOOG) has many different investments from autonomous and electric vehicles. Apple (AAPL) is getting into that business to disrupt the auto industry and clearly Tesla (TSLA) with its green electric vehicle – is doing very well.’ Webber said there is an investor angle to the growing push by companies and governments to respond to climate change. ‘What the science is trying to get governments to agree to is a path of total global emissions that decreases around the end of this decade,’ he added. ‘That means the total amount of oil, coal and gas that is burned will need to decline. So we’ll need technologies to substitute this – and that could be battery storage, electric vehicles and other forms of more traditional renewable energy. We’re going to need new technologies and those are going to be the growth industries of the future.’ TheStreet’s Scott Gamm has details from New York.
Stocks in this video: AAPLGOOGTSLA
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