Amazon.com Inc will launch a $ 2 billion internal venture capital fund that will focus on technology investments to mitigate the effects of climate change, the Wall Street Journal said Tuesday.
The new fund is called "The Climate Pledge Fund" and will invest in companies in a number of sectors such as transport, power generation, battery storage, manufacturing, food and agriculture.
Amazon did not immediately respond to Reuters' request for comment.
Reducing emissions is a challenging goal for Amazon, which delivers 10 billion items annually and has a huge presence in transportation and data centers.
The e-commerce giant, which has faced protests from environmentalists and the pressure of its employees to take action against climate change, has also vowed to be net carbon neutral by 2040.
In February, CEO Jeff Bezos allocated around $ 10 billion to fund scientists, activists, nonprofits, and other groups working to protect the environment.
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