Jeff Bezos commits $10B to climate-change fight

Jeff Bezos commits $10 billion to back climate change research with new

The Amazon honcho announced Monday he's launching the Bezos Earth Fund. a global initiative he says will fund scientists, activists and non-government organizations that will spearhead efforts to protect the earth.

"Climate change is the biggest threat to our planet", Bezos said.

So far as I can tell, that Instagram post is the only information that's publicly available about the new fund or Bezos's planned climate change philanthropy. He said, "Earth is the one thing we all have in common-let's protect it, together". The grants will be issued this summer to "big companies, small companies, nation states, global organizations, and individuals", he added.

This is the second move by Bezos in the previous year aimed at climate change.

Amazon founder Jeff Bezos has unveiled his ambitious plan to help tackle climate change, . promising 10 billion dollars for the Bezos Earth Fund.

Bezos' announcement of the Bezos Earth Fund came the day before the February 18 premiere of FRONTLINE's Amazon Empire: The Rise and Reign of Jeff Bezos, which traces how the chief executive transformed a tiny company run out of a garage into a staple of American consumerism, and examines the consequences of the multi-billion-dollar company's growth.

Making the announcement on Monday, Mr Bezos joined a growing list of billionaires dedicating substantial funds towards combating the impact of global warming. A spokesman would not say exactly where the $10 billion to start the Earth Fund is coming from, though Bezos recently sold $4 billion in Amazon stock.

What is unclear what form those grants will take, but Bezos, whose net worth is estimated to sit around US$126b (AU$187.6b), could hand that cash to activists and scientists with no strings attached and feel zero material repercussions for doing so.

The grants will be issued this summer. Earth is the one thing we all have in common - let's protect it, together.⁣⁣⁣. The source also said there would be no connection between the Bezos Earth Fund and Amazon.

He said he sees Amazon's work with oil and gas companies as part of that commitment, in part because it makes them more energy efficient.

In 2018, Bezos launched a $2 billion fund that would construct and finance preschools in low-income areas.

Counteracting climate change has become a popular cause for United States billionaires in recent years, with Microsoft founder Bill Gates, financial-data company founder Mike Bloomberg, and hedge fund manager Tom Steyer counted among the world's wealthiest environmental philanthropists.

He has also been criticised for not signing the Giving Pledge, under which the super-rich promise to give away half of their wealth during their lifetimes.



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