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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 3,379+1.4%Apr 15 4:00 PM EDT

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To: Sr K who wrote (164191)2/8/2021 5:57:11 PM
From: TimF1 Recommendation

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EGEB: Amazon will reach 100% clean energy by 2025 with Shell’s help

...Royal Dutch Shell and Amazon today announced that Shell Energy Europe BV will supply Amazon with green energy from a subsidy-free offshore wind farm off the Netherlands coast.
That doesn't make any sense. Amazon has a huge number of locations, served by many different utilities and many different power plants, most of which can not be served from a wind farm of the Netherlands coast.

Perhaps the amount of energy it produces is equal to or greater than what Amazon uses world wide, and so they count this as offsetting their fossil fuel usage elsewhere, but its rather dubious to consider this to mean Amazon is 100 percent clean energy.

Also "subsidy free" is a bit dubious at least for subsidies broadly defined. It might not get direct government subsidies, it might not even get special targeted tax breaks, but I doubt it pays the same amount of taxes per kw/h that fossil fuels face in the Netherlands, and its likely there is some form of purchase requirement for the energy, maybe subsidized loans, minimum prices that will get paid (even if the market price goes below that) and/or other forms of favorable treatment.
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