Patagonia CEO Rose Marcario announced that the company would be donating the $10M it saved from last year’s Trump tax cuts to environmental causes fighting to combat climate change.
“Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet,” Marcario explained in a LinkedIn post. The CEO said that the money would go “to groups committed to protecting air, land, and water and finding solutions to the climate crisis.”
Marcario also criticized, in general, the administration’s tax cuts, stating that it’s important to pay these taxes that were cut so civil institutions can be funded and public lands protected.
In addition to the massive $10M donation, Patagonia will continue to donate 1% of its total sales to ecological preservations.
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