Amazon vows to meet goals of Paris climate agreement by 2040
[WASHINGTON] Amazon.com Inc is due to sign a pledge to meet the goals of the Paris Climate agreement by 2040 and be net carbon neutral, 10 years ahead of schedule, Chief Executive Jeff Bezos said on Thursday.
Mr Bezos is announcing a number of actions at a press conference in Washington, including a pledge to be net carbon neutral by 2040. The Trump administration said in June 2017 it was withdrawing from the Paris climate accord.
Mr Bezos said Amazon was placing an order to buy 100,000 electric delivery vehicles from Rivian Automotive LLC and to use 100 per cent renewable energy by 2030, up from 40 per cent today.
Amazon and Ford Motor Co are among the investors in the EV startup.
Amazon will also invest US$100 million to restore forests and wetlands.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
Japan’s Uniqlo opens Rome store as part of European expansion