Amazon to Commit $2 Billion to Clean Energy Fund

In a step reflecting its desire to achieve net zero carbon by 2040, Amazon (NASDAQ: AMZN) announced today that it is dedicating $2 billion to The Climate Pledge Fund. According to Amazon's founder and CEO Jeff Bezos, "The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably."

Unlimited in its scope, The Climate Pledge Fund will seek investments in businesses of any size or industry, provided they are committed to realizing a zero carbon economy. Addressing the possible targets of the The Climate Pledge Fund, Bezos said, "Companies from around the world of all sizes and stages will be considered, from pre-product start-ups to well-established enterprises. Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations."

Image source: Getty Images.

Source Fool.com