bezos-scales-back-dollar10-billion-climate-fund-whats-behind-the-decision

Bezos scales back $10 billion climate fund: what's behind the decision

 • 55553 переглядiв

The $10 billion Bezos Earth Fund has stopped funding the Science Based Targets (SBTi) initiative, a key organization that sets net zero standards for business. This happened amid growing attention to the fund's influence on the organization and Bezos' attempts to avoid conflict with Donald Trump.

This was reported by the Financial Times and UNN.  

According to the publication, SBTi employees have previously expressed concern about pressure from Bezos' foundation. In addition, the billionaire's advisors and former US Special Representative for Climate Change John Kerry supported the idea of easing the rules for using carbon credits for business.

Sources suggest that the decision to stop funding SBTi after 2024 is due to Bezos' desire to strengthen ties with the Trump administration, which is openly skeptical of climate change. Together with the heads of Meta and Google, he is trying to ease antitrust pressure on his business.

Despite the break with SBTi, the Bezos Foundation continues to support the Greenhouse Gas Protocol and the World Resources Institute, although the WRI is already assessing the possible consequences of financial changes.

The world is turning upside down... We are trying to figure out what it means

- comment on the situation in WRI.

Recall

In the US, a judge extended a pause on the Trump administration's plan to freeze federal loans, grants and other financial aid, saying it may "violate" Congress's constitutional authority over government spending.

Popular

Kate Middleton spotted in a tiara for the first time in almost 2 years
Kate Middleton spotted in a tiara for the first time in almost 2 years

 • 22350 переглядiв

Merz on Russia's war against Ukraine: diplomatic means exhausted
Merz on Russia's war against Ukraine: diplomatic means exhausted

 • 35795 переглядiв

Case "Ukraine and the Netherlands v. Russia": ECHR to announce decision today
Case "Ukraine and the Netherlands v. Russia": ECHR to announce decision today

 • 198030 переглядiв

News by theme

Bezos scales back $10 billion climate fund: what's behind the decision
Bezos scales back $10 billion climate fund: what's behind the decision

 • 55553 переглядiв

Toyota opens a new Lexus plant in Shanghai: what is known about the large-scale project
Toyota opens a new Lexus plant in Shanghai: what is known about the large-scale project

 • 34929 переглядiв

A cloud of polluted air from Poland enters Ukraine: who is at risk
A cloud of polluted air from Poland enters Ukraine: who is at risk

 • 129145 переглядiв

Russian drone attacks unfinished high-rise building in Zaporizhzhia - RMA
Russian drone attacks unfinished high-rise building in Zaporizhzhia - RMA

 • 23723 переглядiв

Argentina follows the US in withdrawing from the WHO

 • 28938 переглядiв

Justin Bieber and his “blank stare”: what's going on in the singer's life?

 • 124617 переглядiв