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SEATTLE, Wash – Amazon announced Tuesday that it would be launching a billion venture capital fund to invest in companies that are building products, providing services and creating technology to decarbonize the economy and protect the planet from climate change.The company hopes The Climate Pledge Fund will enable it and other companies to meet The Climate Pledge, a commitment to be net carbon neutral by 2040.Amazon co-founded The Climate Pledge with Global Optimism last year. Since then, companies like Verizon, Reckitt Benckiser, and Infosys have also taken the pledge.“The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably,” said Jeff Bezos, Amazon founder and CEO. “Companies from around the world of all sizes and stages will be considered, from pre-product startups to well-established enterprises. Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations.”Amazon says the billion will be used to invest in companies in multiple industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture.Over time, Amazon says it will also look for opportunities to involve other Climate Pledge signatories in this venture investment program.“Amazon has demonstrated its leadership in adopting low carbon technologies at scale,” said Rivian CEO R.J. Scaringe. “Their investment in Rivian and subsequent order of 100,000 electric delivery vans will substantially shrink the carbon footprint of Amazon’s package delivery network. We're excited about a future of decarbonized delivery services.”Also on Tuesday, Amazon updated its sustainability goals and programs, including its goal to run on 100% renewable energy by 2025, five years ahead of schedule. 2012

Sears is getting serious about selling Kenmore.The struggling retailer announced Monday that it had formed a "special committee" to explore the sale of its in-house appliance brand.The move comes less than a month after Sears CEO Eddie Lampert wrote a letter to the board urging it to sell the brand. He offered to buy it himself if necessary, along with other assets.There is a good chance that Lampert will be the one buying Kenmore.Through his hedge fund, ESL Investments, Lampert owns a majority of shares in Sears Holding, the company that owns the Sears and Kmart chains.Sears has been exploring a possible sale of Kenmore and other assets for a number of years but never found a buyer. But this week it escalated its efforts by forming the "special committee," retaining counsel and bringing on an investment bank.The announcement was enough to briefly lift Sears shares 19% in early trading Monday, before they retreated to more modest gains of about 6%.Shares are still near historic lows. The retailer has admitted "substantial doubts" exist that it will be able to remain in business.Lampert has insisted that the company is on a path to return to profitability. But it is in need of cash and has been closing stores, cutting costs and getting creditors to agree to a longer repayment schedule on its debt. Because of that delayed repayment schedule, Sears was judged to be in default of some of its loans earlier this year.In early 2017 Sears sold its Craftsman tool brand to Stanley Black & Decker in a deal valued at 0 million. The Craftsman tools went on sale at rival Lowe's for the first time Monday.The board says it is looking at selling other assets, including its parts business and home services businesses, both of which Lampert has expressed interest in buying.  1806

SAN FRANCISCO (AP) — The vast region of Southern California, much of the San Francisco Bay area and a large swath of the Central Valley are about to be placed under a sweeping new lockdown in an urgent attempt to slow the rapid rise of coronavirus cases. The California Department of Public Health said Saturday the intensive care unit capacity in Southern California and Central Valley hospitals had fallen below a 15% threshold that triggers the new measures, which include strict closures for businesses and a ban on gathering with anyone outside of your own household. The Southern California region includes San Diego, Los Angeles, Orange, Riverside, Imperial, Inyo, Mono, San Bernardino, San Luis Obispo, Santa Barbara, and Ventura counties. The San Joaquin Valley region includes Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, San Benito, San Joaquin, Stanislaus, Tulare, and Tuolumne counties.Saturday, CDPH released new ICU capacity numbers:Bay Area: 21.7%Greater Sacramento Region: 21.4%Northern California: 24.1%San Joaquin Valley: 8.6%Southern California: 12.5%The new measures will take effect Sunday evening and remain in place for at least three weeks, meaning the lockdown will cover the Christmas holiday. 1241

Saturday is expected to be quite busy at retailers and malls across America, according to the National Retail Federation. While that is probably not a surprise given Christmas is less than a week away, the fact that this year’s “Super Saturday” is expected to be busier than 2019 might come as a surprise given the pandemic and higher unemployment this year.What likely doesn’t come as a surprise is more Americans are planning to shop online this weekend. Here is how consumers plan to shop this weekend:52% online30% department stores20% discount stores17% electronic storesThe National Retail Federation remains optimistic that 2020 will be a good holiday season for retailers. The NRF says that it expects retail sales to be up this year from 3.6% to 5.2%.“While traditionally a popular item, it’s clear that the pandemic has impacted ‘gifts of experience’ this year,” Prosper Executive Vice President of Strategy Phil Rist said. “With continued uncertainty around gatherings and out-of-home activities, we saw the biggest decline in plans to gift an experience among those ages 35 – 44 but the under-25 cohort also saw a significant dip.” 1151

Sean Spicer doesn't believe he ever lied to the American people during his time as White House press secretary, he told ABC's "Good Morning America" Thursday."People have hard feelings toward you because they feel that you lied to the American people," Paula Faris said to Spicer. "Have you ever lied to the American people?""I don't think so," Spicer responded. 370