Jeff Bezos's Earth Fund Under Scrutiny For Potential Influence On Carbon Credit Market Amid Amazon's Expanding Climate Initiatives
Portfolio Pulse from Benzinga Neuro
Concerns are rising over the influence of Jeff Bezos's Earth Fund and Amazon on the carbon credit market. The Bezos Earth Fund supports the Science Based Targets initiative (SBTi), which is reconsidering its approach to carbon offsets. Amazon is expanding its climate initiatives but faces criticism for not reporting certain emissions. The UK charity commission is advising SBTi on governance improvements.
September 02, 2024 | 2:46 am
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Amazon is under scrutiny for its influence on carbon credit markets and its climate initiatives. Concerns include potential conflicts of interest with the Bezos Earth Fund and criticism for not reporting certain emissions.
Amazon's involvement in climate initiatives and the Bezos Earth Fund's influence on SBTi raise concerns about conflicts of interest and emissions reporting. This scrutiny could negatively impact Amazon's stock in the short term.
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