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.
| less than a minute read
Amazon exec discusses company Climate Pledge Fund
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.
