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USA: Patagonia donates $10M tax break to groups protecting the environment & finding solutions to the climate crisis

Author: Nick Visser, HuffPost, Published on: 29 November 2018

"Patagonia donates $10 million tax break to green groups, says Trump 'irresponsible'," 28 Nov 2018

Patagonia said Wednesday it planned to donate $10 million to environmental causes, money the company saved due to President Donald Trump's massive tax breaks for corporate America last year. In an impassioned note, the clothing brand’s CEO, Rose Marcario, called the tax cuts “irresponsible” and slammed climate change denial at the highest levels of government as “just evil.” She said Patagonia had benefited enormously from the new tax plan, but noted that the company would dole out the funds to environmental defenders instead of reinvesting them into the business... "We recognize that our planet is in peril,” Marcario said. “We are committing all $10 million to groups committed to protecting air, land and water and finding solutions to the climate crisis... Being a responsible company means paying your taxes in proportion to your success and supporting your state and federal governments, which in turn contribute to the health and well-being of civil society."

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Related companies: Patagonia