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.
I’m no economist but I think anything after 1billion should stop being considered “property” of the CEO/owner that is able to be monetized and should have some legal differentiation that defines it as the sole property of the corporation for purposes of defining ownership.
Everyone argues that you can’t force a billionaire to have to liquidate their wealth (stocks) because it will tank the company, even though they can leverage their stocks to fund their life, so they shouldn’t be allowed to own that kind of wealth to begin with. The difference after 1billion should be considered a type of “ownership token” to keep the ownership of a company in the hands of the person that made the company/runs it until they decide to pass the ownership on to someone else.