Bezos is rolling $ 10 billion climate fund: that stands by a decision

The Bezos Earth Fund fund of $ 10 billion has stopped financing the Science Based Targets initiative (SBTI), a key organization that sets net zero standards for business. It happened against the backdrop of increasing attention to the influence of the Fund on the organization and attempts of Bezos to avoid conflict with Donald Trump.

Financial Times writes about it, reports UNN.

According to the newspaper, SBTI staff previously expressed concern about the pressure from the Bezos Fund. In addition, the billionaire advisers and the former US climate representative, John Kerry, supported the idea of ​​mitigating the rules for using carbon loans for business.

Sources suggest that the decision to refuse SBTI funding after 2024 is related to the desire of Bezosa to strengthen ties with the Trump administration, which is openly skeptical of climate change. Together with Meta and Google executives, he tries to reduce antitrust pressure on his business.

Despite the break from SBTI, the Bezos Fund continues to support the Greenhouse Gas Protocol and World Resources Institute, although WRI already evaluates the possible consequences of financial changes.

The world turns upside down … we try to figure out what it means

Recall

In the United States, the judge continued to pause the Trump administration on freezing federal loans, grants and other financial assistance, stating that he may have been “violating” the constitutional powers of the Congress on government expenditures.