Amazon will launch a $2 billion (roughly Rs. 15,099 crores) inside enterprise capital fund that can deal with know-how investments to scale back the impression of local weather change, the Wall Street Journal reported on Tuesday.
The new fund shall be referred to as “The Climate Pledge Fund”, the report stated, including that it’ll put money into firms throughout a lot of industries reminiscent of transportation, vitality era, battery storage, manufacturing and meals and agriculture.
Amazon didn’t instantly reply to Reuters request for remark.
Cutting emissions is a difficult objective for Amazon, which delivers 10 billion objects a yr and has a large transportation and knowledge 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 Executive Officer Jeff Bezos dedicated about $10 billion (roughly Rs. 75,498 crores) to fund scientists, activists, non-profits and different teams combating to guard the surroundings.
© Thomson Reuters 2020
Leave a Reply