business news in context, analysis with attitude

•  From the New York Times:

"Jeff Bezos, one of the richest humans on the planet, and who started his financial empire by selling books online, pledged $2 billion to restoring natural habitats and transforming food systems at the climate summit in Glasgow on Tuesday.

"Speaking at a conference where President Biden and other leaders announced a global pact to end deforestation by 2030, Mr. Bezos said that private industry must play a central role in the campaign.

"'Amazon aims to power all its operations by renewable energies by 2025,' he said, restating his goal for the company to be carbon-neutral by 2040."

The story notes that Amazon has said "that the company’s emissions from indirect sources had increased 15 percent last year over 2019. The company has pointed out that when its emissions are measured relative to its booming sales, its carbon footprint has been decreasing. But some climate experts say this calculation, called carbon intensity, obscures that the company is still generating an increasing amount of carbon."

In a statement, Bezos said, "I was told that seeing the Earth from space changes the lens through which you view the world. Looking back at Earth from up there, the atmosphere seems so thin, the world so finite and so fragile. Now in this critical year, and what we all know is the decisive decade, we must all stand together to protect our world."