Jeff Bezos’s $10bn philanthropic fund has stopped backing the world’s leading voluntary climate standard setter, following rising scrutiny over its influence on the body, in a move seen as the billionaire’s latest effort to curry favour with US President Donald Trump.
According to three people familiar with the decision, the Bezos Earth Fund has ended its support for the Science Based Targets initiative, a globally renowned body that holds sway over how companies such as Apple and H&M can achieve a credible “net zero” label.
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