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Does Verizon Issuing $1B in Green Bonds for New Tech Have Much to Do with The Unpopular “Green New Deal?” What About Verizon’s Lawsuits Concerns?

By B.N. Frank

Published February 11, 2019 by FierceTelecom: “Verizon issues $1B in green bonds to fund companywide environmental initiatives”

Verizon issued $1 billion in green bonds on Friday, and it plans to use the proceeds to fund various sustainability initiatives including renewable energy, green buildings, energy efficiency, and sustainable water management. Verizon anticipates that a majority of the funds will be allocated within three years.

The demand from environmental, social and governance (ESG) investors was substantial enough to enable Verizon to price the bond at a lower cost than its traditional bonds, said Jim Gowen, Verizon’s chief sustainability officer, in an email to Fierce.

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The demand from
environmental, social and governance (ESG) investors???  Do they know in 2014, Verizon acknowledged probable future lawsuits and settlements based on their business dealings in re cell phones and towers?  Do they know insurance companies don’t cover tech and wireless companies anymore because it’s too risky?

“I’m very pleased to share that proceeds from the $1 billion of 10-year green bonds will support several green 5G-related projects

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