Amazon To Launch $2 Billion Venture Capital Fund For Clean Energy: Report: Amazon has additionally vowed to be web carbon impartial by 2040 (File)
Amazon To Launch $2 Billion Venture Capital Fund For Clean Energy: Report
Amazon.com Inc will launch a $2 billion inside enterprise capital fund that may deal with expertise investments to scale back the affect of local weather change, the Wall Avenue Journal reported on Tuesday.
The brand new fund shall be known as “The Local weather Pledge Fund”, the report stated, including that it’ll put money into corporations throughout a lot of industries akin to transportation, power technology, battery storage, manufacturing and meals and agriculture.
Amazon didn’t instantly reply to Reuters request for remark.
Slicing emissions is a difficult purpose for Amazon, which delivers 10 billion gadgets a yr and has an enormous transportation and information middle footprint.
The e-commerce large, which has confronted protests from environmental activists and strain from its staff to take motion on local weather change, has additionally vowed to be web carbon impartial by 2040.
In February, Chief Government Officer Jeff Bezos dedicated about $10 billion to fund scientists, activists, non-profits and different teams preventing to guard the setting.
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