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In its first round of funding from its $2 billion Climate Pledge Fund, Amazon is investing in the battery and e-waste recycling company led by former Tesla executive JB Straubel, along with four other companies. But when rechargeable lithium-ion batteries like those in Rivian’s EVs get tossed out, they do more than leave behind a big mess.
Carbon offsets, like tree planting, have become a standard way for car companies and other businesses to write off their carbon emissions by investing in renewable energy or conservation projects aimed at bolstering forests’ ability to naturally store carbon. And Uber and Lyft have pledged to go carbon neutral within a similar timeframe.
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