Jeff Bezos’ Earth Fund Cuts Off a Key Nonprofit Monitoring Corporate Climate Efforts – Mother Joneshttps://www.motherjones.com/politics/2025/02/jeff-bezo-earth-fund-ends-support-nonprofit-science-based-targets-initiative-sbti-corporate-climate-efforts-paris/The Bezos Earth Fund has stopped its support for the Science Based Targets initiative (SBTi), an international body that assesses if companies are decarbonizing 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 percent of its total funding last year. Earth Fund’s decision was first reported by the Financial Times.
Spokespeople for Earth Fund and SBTi said the $18 million grant had been a three-year commitment that expired as previously agreed, and Earth Fund had not made a final decision on future support. But researchers familiar with the SBTi, as well as advisers at the organization, raised concerns that the vanishing support was part of a broader trend of wealthy individuals moving away from funding causes that the US president—who has previously called climate change a hoax—did not agree with