New Kid on the Block: Venture Capital Fund for Clean Energy

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June 25, 2020

The New Kid on the Block: The Climate Pledge Fund

Who is creating this VC fund? Amazon

What’s the funding level? $2 Billion in initial funding

Which industries could be funded for clean energy projects?

transportation
energy generation
battery storage
manufacturing
food and agriculture

Where are Amazon employees on Clean Energy?

Created the Amazon Employees for Climate Justice
2019 open letter, signed by thousands of employees
Urging Amazon to commit to a deadline to secure 100% renewable electricity

What other Clean Energy steps has Amazon taken in the last year?

co-founded an initiative called “The Climate Pledge”
a commitment to reach carbon-reduction goals set in the Paris Climate Agreement
2040 deadline to be carbon-neutral
$700 million financing round in the electric-vehicle startup Rivian
intends to buy 100,000 of its electric-delivery vehicles

Wall Street Journal | Amazon to Launch $2 Billion Venture Capital Fund to Invest in Clean Energy