This episode of the Axios Re:Cap podcast digs into how Amazon hopes the fund will help achieve its goal of being carbon neutral by 2040, and whether the plan is more substance than spin.
Amazon on Thursday announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change. Other investments in carbon removal projects and companies are piling up as well. - This week the e-commerce company Shopify announced investments in CarbonCure, Pachama, the direct air capture firm Carbon Engineering and others in the "carbon removal" space. - In May the payment tech company Stripe announced its first four carbon removal purchases, while this summer Microsoft issued a request for proposals for carbon removal projects to finance.
https://www.axios.com/amazon-climate-pledge-fund-podcast-59a3b256-28cd-4124-962b-5a3226bf239c.html