Re:Amazon Announces $2B Fund to Invest in Climate Tech Compa...
by PragmaticPulp on Tuesday June 23, 2020 @01:07PM
(#23616865)
> Amazon is throwing spare change at a massing problem they're involved in.
Yes, the point is that they're investing in efforts to help deal with some of their own externalities. We shouldn't be shaming a company for having the self-awareness to do this to the tune of billions of dollars.
It's not fair to criticize the amount, either, because $2 billion goes a long way to getting technology companies off the ground. Throwing more money at the problem doesn't produce better outcomes at this stage of the R&D pipeline. $2 billion is a lot of money.
Yes, the point is that they're investing in efforts to help deal with some of their own externalities. We shouldn't be shaming a company for having the self-awareness to do this to the tune of billions of dollars.
It's not fair to criticize the amount, either, because $2 billion goes a long way to getting technology companies off the ground. Throwing more money at the problem doesn't produce better outcomes at this stage of the R&D pipeline. $2 billion is a lot of money.