Green Funds Flock to Apple

The iPhone, they now condone. Apple has become the new apple of the eyes of some leading green fund managers. It's now the top holding of the Parnassus Core Equity Fund, Calvert Equity Portfolio, and the Green Century Balanced Fund. That may come as a surprise. Environmentalists had criticized Apple in the past for hiring underage workers, using toxic materials, and its high levels of heat-trapping greenhouse gas emissions.

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