SupportingStatement:Amazon’sClimatePledgeimpactse-commerce,logistics,cloudcomputing,andartificial intelligence. Meeting its goals has exposed shareholders to incremental capital outlays (e.g., power purchase agreements, virtual power purchase agreements, unbundled renewable energy certificates) and higher operating costs—especially as tightening power markets lift wholesale prices. The U.S. Department of Energy notes that interconnection costs for new renewable resources nowequal50%-100%oftotalprojectcostaspenetrationrises,upfromlessthantenpercentafewyearsago.14Renewable energymatchingcanfailtoaccountforthewholecostofreplacingconventionalenergysources,whichshouldincludestorage and transmission. These costs are often socialized but may still negatively impact Amazon’s businesses.15 For purposes of this proposal, “incremental” means costs relative to the lowest-cost reliable power available in each market. This Proposal does not prescribe energy procurement practices; it encourages disclosure of energy costs for shareholder education. The requested report could, at management’s discretion, discuss relevant risk-mitigation strategies moving forward. Shareholders may be concerned that Amazon’s existing disclosures appear to operate under assumptions that have become considerably less likely in recent years. This report would provide investors with insight into the cost, risk, and return profile of Amazon’s comprehensive renewable energy and carbon-neutral roadmap—enabling an informed judgment about whether the programs enhance or dilute long-term shareholder value.