Stabinsky quoted on Bezos fund ‘bowing down’ to Trump
Photo: Jeff Bezos by Daniel Oberhaus, 2019.
Editor’s note: the following is an excerpt from an original story in the Guardian by Phoebe Weston.
“Jeff Bezos’s $10bn climate and biodiversity fund has halted its funding of one of the world’s most important climate certification organisations, amid broader concerns US billionaires are “bowing down to Trump” and his anti-climate action rhetoric.
The Bezos Earth Fund has stopped its support for the Science Based Targets initiative (SBTi), an international body that assesses if companies are decarbonising in line with the Paris agreement. Earth Fund had been one of two core funders of the SBTi, with the Ikea Foundation: the two accounted for 61% of its total funding last year. Earth Fund’s decision was first reported by the FT. …
Prof Doreen Stabinsky, who is on the technical council of SBTi, said: “You look at Bezos and the folks he’s hanging out with in the billionaires club, and you realise this is about more than SBTi,” she said. “Bezos is bowing down to Trump in a way a bunch of billionaires are bowing down to Trump.”
