VENTURA, Calif. — Patagonia, the outdoor gear company, is passing along the $10 million it saved from tax cuts to non-profit environmental groups.
Corporations received a windfall from the GOP’s sweeping overhaul of the U.S. tax code last year, which slashed corporate rates from 35 percent to 21 percent.
The California company said Wednesday that the donation is in addition to 1 percent of sales it gives to environmental groups every year. The donation comes on the heels of the recent National Climate Assessment, which Patagonia cited in its announcement.
“Our government continues to ignore the seriousness and causes of the climate crisis. It is pure evil,” said Yvon Chouinard, Patagonia’s founder. “We need to double down on renewable energy solutions. We need an agriculture system that supports small family farms and ranches, not one that rewards chemical companies intent on destroying our planet and poisoning our food. And we need to protect our public lands and waters because they are all we have left.”
