Bezos Earth Fund Withdraws Support for Science Based Targets Initiative

Jeff Bezos's $10 billion Earth Fund has ceased funding the Science Based Targets initiative (SBTi), a key organization that sets net-zero standards for businesses, amid concerns over its influence on the group. This decision appears to align with Bezos's efforts to strengthen ties with former President Donald Trump, who has been skeptical of climate change initiatives. Employees of SBTi had previously expressed worries about pressure from the Earth Fund and its advisors regarding the use of carbon credits. The move comes as the SBTi seeks to diversify its funding sources in light of this withdrawal, which could significantly impact its operations. Despite this setback, the Bezos Foundation continues to support other climate-related initiatives, such as the Greenhouse Gas Protocol. This shift reflects a broader trend among tech leaders navigating regulatory pressures while reassessing their climate commitments.