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Podcast: Amazon exec on the company's 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.

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The high stakes of Branson and Bezos' race to space

When Jeff Bezos and Richard Branson take flight aboard the rockets their companies built, the hopes and dreams of a burgeoning industry will be flying with them as well.

Why it matters: Accidents or errors on these high-profile flights from Virgin Galactic or Blue Origin could derail their plans — and possibly affect others' plans — for commercial space tourism and travel.

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Pacific Northwest heat wave has no historical precedent and is fueling wildfires

Reproduced from Robert Rohde, Lead Scientist at Berkeley Earth; Chart: Axios Visuals

The extreme heat that shattered records across the Pacific Northwest — and still has not abated in many areas — has no precedent in modern record-keeping, data analyses shows. This is also the case in British Columbia, where the temperature soared to an almost unimaginable 121°F in Lytton on Tuesday.

Why it matters: Heat of this magnitude is proving to be deadly, which is consistent with findings that heat waves are typically the deadliest weather phenomena in the U.S. each year.

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