Amazon to launch $2 billion venture capital fund to invest in clean energy: WSJ
The new fund will be called "The Climate Pledge Fund", the report said, adding that it will invest in companies across a number of industries such as transportation, energy generation, battery storage, manufacturing and food and agriculture.
Amazon did not immediately respond to Reuters request for comment.
Cutting emissions is a challenging goal for Amazon, which delivers 10 billion items a year and has a massive transportation and data center footprint.
The e-commerce giant, which has faced protests from environmental activists and pressure from its employees to take action on climate change, has also vowed to be net carbon neutral by 2040.
In February, Chief Executive Officer Jeff Bezos committed about $10 billion to fund scientists, activists, non-profits and other groups fighting to protect the environment.
(Reporting by Akanksha Rana in Bengaluru; Editing by Vinay Dwivedi)
Top Cloud Hosting Conferences - What's new in the market?
There is no better way to understand the latest trends and emerging technologies in a sector than to attend industry conferences. This is particularly so with cloud hosting. The industry is developing so fast, experts within the field have to keep their fingers on the pulse to remain credible, which is why conferences are so important. Conferences give an idea of the direction the market will be moving in over the next year and speculate on how their industry will adapt to new market pressures. With this in mind, we’ve put together a list of the top cloud hosting conferences, so you can see the businesses that help shape the cloud hosting world.
Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.