Concerns raised as $10bn Bezos Earth Fund halts funding for Science Based Targets initiative, which monitors companies’ decarbonisation

Summary

Jeff Bezos’s Earth Fund has ended its funding for the Science Based Targets initiative (SBTi), a major climate certification group, raising concerns that billionaires are shifting away from climate action under Trump.

While Earth Fund claims the $18M grant expired as planned, critics argue political pressure influenced the decision.

Trump’s administration has cut climate mentions from federal sites and slashed green funding, prompting corporations to retreat from climate commitments.

Experts fear this signals a broader decline in green investment as Trump aggressively rolls back environmental initiatives.

  • ImInLoveWithLife@lemm.ee
    39·
    2 months ago

    Billionaires ‘bowing down’ to Trump? Like they are reluctant? Like they aren’t helping orchestrate this direction? Like they give a fuck about anything but their bottom line in the short term? Like this isn’t an administration designed in plain view for billionaire interests, more so than any previous administration?

    • samus12345@lemm.eeEnglish
      3·
      2 months ago

      I guess all of them standing right behind him at his coronation wasn’t enough of a clue.

  • Kyrgizion@lemmy.world
    7·
    2 months ago

    What if instead of “bowing down”, ALL of their DEI/nature/climate/… shit was always performative and meant as cheap PR while they privately couldn’t give two flying fucks?

    • thefartographer@lemm.ee
      2·
      2 months ago

      Shut up. Your ideas are dumb and will give everyone access to food.

      Wait, that can’t be right… Hold on… - checks notes -

      Oh okay, I get it now. Here we go!

      Shut up. Your easily implemented “simple plans” would make universal healthcare easily accessible.

      Huh… I know there’s a good argument in here… - thumbs through pages of notes -

      Look, quit trying to make unchecked capitalism look bad by simply talking about it!