this post was submitted on 06 Feb 2025
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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.

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[–] Xanthobilly@lemmy.world 13 points 1 year ago (2 children)

Tax billionaires based on wealth instead of income and no one would care how he spends his billions.

[–] Asafum@feddit.nl 7 points 1 year ago* (last edited 1 year ago)

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.

[–] thefartographer@lemm.ee 2 points 1 year ago

Shut up. Your ideas are dumb and will give everyone access to food.

Wait, that can't be right... Hold on.... - checks notes -

Oh okay, I get it now. Here we go!

Shut up. Your easily implemented "simple plans" would make universal healthcare easily accessible.

Huh... I know there's a good argument in here.... - thumbs through pages of notes -

Look, quit trying to make unchecked capitalism look bad by simply talking about it!