Amazon.com Inc will launch a $2 billion inside enterprise capital fund that may give attention to know-how investments to scale back the impression of local weather change, the Wall Avenue Journal reported on Tuesday.
The brand new fund will probably be referred to as “The Local weather Pledge Fund”, the report stated, including that it’ll put money into corporations throughout plenty of industries resembling transportation, vitality era, battery storage, manufacturing and meals and agriculture.
Amazon didn’t instantly reply to Reuters request for remark.
Reducing emissions is a difficult objective for Amazon, which delivers 10 billion gadgets a yr and has a large transportation and information middle footprint.
The e-commerce large, which has confronted protests from environmental activists and stress from its workers to take motion on local weather change, has additionally vowed to be internet 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 atmosphere.
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