Jeff Bezos’s decision to cut funding from his $10 billion Earth Fund for SBTi has raised concerns about the future of global climate initiatives

Jeff Bezos’s $10 billion climate and biodiversity fund has halted its funding of one of the world’s most important climate certification organizations, amid broader concerns US billionaires are “bowing down to Trump” and his anti-climate action rhetoric.

According to the Financial Times, the Earth Fund—a $10 billion initiative founded by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos—has discontinued its support for the Science Based Targets initiative (SBTi),

CEO Jeff Bezos’ $10 billion initiative to support climate and nature solutions, Bezos Earth Fund, has ceased its funding for the

Mega-billionaire Jeff Bezos owns so much stuff that his investments are effectively going to war with one another. Earlier this week, Bezos’s e-commerce company (Amazon) launched a lawsuit against the government in its home state of Washington to retaliate against Bezos’ newspaper (The Washington Post). Confused yet?

Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported.