Amazon concerned about its carbon print

Amazon concerned about its carbon print

Amazon pledges over $10 billion to save the environment.

The carbon emissions situation became a matter that giant companies are starting to address, one being Amazon.

Yesterday, the company announced that it pledges $2 billion in a venture capital fund meant to focus on technology that reduces the impact on climate change and helps sustainable development. The money will go to companies that activate in transportations and logistics, food and agriculture, storage, manufacturing and materials, and energy.

Over time, the company faced a backlash from activists due to its massive carbon print, caused by its transportation and data centers, who deliver yearly approximately 10 billion items.

This is not the first time when Jeff Bezos takes steps in this direction. In February, he allocated $10 billion to scientists, activists, and non-profit organizations for preserving the environment. By 2040 the company is said to be carbon neutral.

The data comes after new cases of infections were reported in its Minnesota warehouse. In 70 days, 88 positive cases have been recorded, about which Minnesota's Health Department said to be the biggest, worst one to date. Since the pandemic started, Amazon has been a central point of controversy regarding its employees' safety and wellbeing.

Amazon’s stock price traded higher in after-market by 1.86%.

Sources: businesswire.com, reuters.com, nbcnews.com

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