Amazon is launching a $2 billion venture capital fund to back companies developing “sustainable and decarbonizing technologies.”
The Climate Pledge Fund will invest in companies across a number of industries, including transportation and logistics, energy generation, manufacturing and food and agriculture, among others, Amazon said. The company added that the $2 billion is an "initial" commitment, signaling that the fund could grow over time.
"Companies from around the world of all sizes and stages will be considered, from pre-product start-ups to well-established enterprises," CEO Jeff Bezos said in a statement. "Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations."last September. As part of the plan, Amazon has committed to be carbon neutral by 2040.
Since then, Amazon has made several moves to advance its goal of relying on renewable energy. As part of the Climate Pledge, Amazon agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian, after it invested $440 million in the company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon creates $2 billion venture fund to speed up carbon-free future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Amazon pledges $2 billion venture capital fund to invest in clean energyAmazon.com Inc said on Tuesday it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development.
Read more »
Amazon pledges $2 billion fund to invest in clean energyAmazon says it will launch a $2 billion fund that will focus on technology investments to reduce the impact of climate change and support sustainable development.
Read more »
Amazon to launch $2 billion venture capital fund to invest in clean energy: WSJAmazon.com Inc will launch a $2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate change, the Wall Street Journal reported on Tuesday.
Read more »
Amazon Launches $2 Billion Fund To Invest In Climate ChangeThe Climate Pledge Fund will invest in companies building “sustainable and decarbonizing technologies.”
Read more »
WSJ News Exclusive | Amazon to Launch $2 Billion Venture Capital Fund to Invest in Clean EnergyAmazon is launching a $2 billion internal venture-capital fund focused on clean energy investments, the tech giant's latest sustainability initiative after criticism of its environmental record
Read more »