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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Jeff Bezos' £8B Fund Cuts Funding to Climate Group As Amazon Secures £670K Military Contract In Britain

Amazon's Kuiper deal is thought to be Bezos' first military contract in Britain. (Credit: Twitter / Kieran Drew @ItsKieranDrew)

Amazon founder Jeff Bezos' £8.06 billion Earth fund for climate and biodiversity has halted funding for the Science Based Targets Initiative (SBTi), an international body that assesses whether companies are decarbonising in accordance with the Paris Climate Agreement.

This development came as US President Donald Trump exited the Paris Agreement, sharply contradicting Bezos' earlier climate commitments. The Earth Fund was reportedly among the largest funders of the SBTi.

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