Amazon invests in solar power and recycling programs to cut carbon footprint [The Verge]
Meta Platforms, Inc. - Class A (FB)
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Source: The Verge
The company still lags far behind fellow technology giants Amazon announced two new initiatives today that are aimed at reducing its environmental impact. The first is a $10 million investment in the Closed Loop Fund, an effort to pool corporate resources to help the US improve its municipal recycling programs. The other is a solar energy project in the United Kingdom that will see Amazon install 20 megawatts worth of solar panels to help power fulfillment centers across the region. Amazon also signed a deal saying it will purchase enough green energy certificates to ensure 100 percent of all buildings in the UK are offset by renewable sources like solar and wind. It makes sense why, at least domestically, Amazon would be focusing its efforts on recycling: the company’s largest retail sector is North America, particularly the US, and it ships a massive amount of cardboard across the country every day. With the Closed Loop Fund, Amazon wants to contribute to the financing of re
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