Amazon to launch $2 billion venture capital fund to invest in clean energy
The new fund will be called "The Climate Pledge Fund", according to a report by the Wall Street Journal
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo
Amazon.com Inc will launch a $2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate change, the Wall Street Journal reported on Tuesday.
The new fund will be called "The Climate Pledge Fund", the report said, adding that it will invest in companies across a number of industries such as transportation, energy generation, battery storage, manufacturing and food and agriculture.
Amazon did not immediately respond to Reuters request for comment.
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