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Is a watchdog for corporate climate commitments caving to industry?
Will it allow companies to offset their supply chain emissions?
The quarrel came to a head last week, when SBTi put out an explosive statement seeming to soften its stance on offsets, giving companies a potentially easier way out of actually reducing their greenhouse gas emissions. Since 2020, when the e-commerce tycoon launched the $10 billion Earth Fund, Bezos has tried to remake himself as a major climate philanthropist even as Amazon’s greenhouse gas emissions skyrocketed. At meetings hosted by the Bezos Earth Fund in London in March, lobbying groups peppered representatives from SBTi with “a barrage of implicit and direct requests to relax their position on carbon offsets,” Bloomberg reported over the weekend.
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