Concerns raised as $10bn Bezos Earth Fund halts funding for Science Based Targets initiative, which monitors companies’ decarbonisation

Summary

Jeff Bezos’s Earth Fund has ended its funding for the Science Based Targets initiative (SBTi), a major climate certification group, raising concerns that billionaires are shifting away from climate action under Trump.

While Earth Fund claims the $18M grant expired as planned, critics argue political pressure influenced the decision.

Trump’s administration has cut climate mentions from federal sites and slashed green funding, prompting corporations to retreat from climate commitments.

Experts fear this signals a broader decline in green investment as Trump aggressively rolls back environmental initiatives.