Bezos Earth Fund Cuts Ties With Climate Standards Group, FT Says

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

The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen as a move by Bezos to respond to policies favored by President Donald Trump, who last month ordered a withdrawal of the US from the Paris Agreement on climate action.

SBTi and the Bezos Earth Fund did not immediately reply to emails seeking comment ...