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Photo: Patrick Pleul/picture alliance via Getty Images

Amazon is buying Zoox, a self-driving car startup, its biggest move yet into autonomous technology. Amazon is paying around $1.2 billion, according to a source familiar with the price.

Why it matters: While previous investments in electric truck manufacturer Rivian and self-driving tech company Aurora Innovation seemed focused on facilitating package delivery, Amazon made clear today it will help bring Zoox's ambitious robot-taxi plan to fruition.

Go deeper

Dan Primack, author of Pro Rata
Sep 17, 2020 - Podcasts

Amazon exec on company Climate Pledge Fund

Amazon on Thursday announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change.

Axios Re:Cap digs into how Amazon hopes the fund will help achieve its goal of being carbon neutral by 2040, and whether the plan is more substance than spin, with Matt Peterson, Amazon's director of new initiatives and corporate development.

Amazon defends working with oil companies to reach its zero-carbon goal

Kara Hurst in Seattle.

Partnering with oil and gas producers is necessary for Amazon and other companies to achieve their climate goals, the tech giant's chief of sustainability, Kara Hurst, said during an Axios virtual event on Thursday.

The big picture: Amazon aims to hit carbon neutrality in 2040, 10 years earlier than the Paris climate accord. The company plans to reach its goal in part by helping companies develop climate-friendly technologies through a $2 billion venture fund. The first recipients were announced on Thursday.

Colonial Pipeline restarting service after hack

Photo: Bloomberg via Getty Images

Colonial Pipeline will restart its operations around 5 p.m. ET Wednesday, Energy Secretary Jennifer Granholm announced.

Why it matters: At least 11 states and Washington, D.C., have experienced gas shortages since a ransomware attack forced the critical pipeline running from Texas to New York to shut down on Saturday.

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