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US News Jeff Bezos Commits $10 Billion to Address Climate Change

03:35  18 february  2020
03:35  18 february  2020 Source:   msn.com

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(Bloomberg) -- Amazon.com Inc. founder Jeff Bezos announced he’s created the Bezos Earth Fund, his biggest-ever philanthropic investment to help counter the effects of climate change . Bezos is starting with $ 10 billion and will begin to issue grants in a few months.

Amazon founder Jeff Bezos has committed $ 10 billion (around £7.7bn) to help fight climate change . The $ 10 billion sum committed today comes to around 8% of Bezos ’ estimated 0 billion fortune (£100 billion), and is less than a third of what he forked over in a recent divorce

Jeff Bezos wearing a suit and tie: “Climate change is the biggest threat to our planet,” Jeff Bezos wrote on Instagram on Monday. © Emma Howells for The New York Times “Climate change is the biggest threat to our planet,” Jeff Bezos wrote on Instagram on Monday.

SEATTLE — Jeff Bezos, Amazon’s chief executive and the world’s richest man, said on Monday that he was committing $10 billion to address the climate crisis in a new initiative he called the Bezos Earth Fund.

The effort will fund scientists, activists and nongovernmental organizations, Mr. Bezos said in a post on Instagram. He said he expected to start issuing grants this summer.

“Climate change is the biggest threat to our planet,” he wrote. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.”

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Jeff Bezos , Amazon CEO and the world’s wealthiest person, said Monday he was committing $ 10 billion to combat climate change through a Bezos said he was committing $ 10 billion through the initiative to start and expected to begin issuing grants this summer. Let our news meet your inbox.

NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $ 10 billion of his own fortune to help fight climate change . “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change ,” Bezos said in

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Mr. Bezos has historically done little philanthropy, though he has lately ramped up his giving. His largest donation to date was $2 billion, unveiled in September 2018, to help homeless families and build a network of Montessori preschools, an effort that he announced with his then-wife, MacKenzie.

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Today, I’m thrilled to announce I am launching the Bezos Earth Fund.⁣⁣⁣ ⁣⁣⁣ Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. ⁣⁣⁣ ⁣⁣⁣ I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣ ⁣⁣⁣ - Jeff

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(NEW YORK) — Amazon founder Jeff Bezos said Monday that he plans to spend $ 10 billion of his own fortune to help fight climate change . Amazon, the company Bezos runs, has an enormous carbon footprint. Last year, Amazon officials said the company would work to have 100% of its energy

Amazon boss Jeff Bezos has pledged $ 10 bn (£7.7bn) to help fight climate change . The world's richest man said the money would finance work by scientists Mr Bezos has an estimated net worth of about 0bn, so the pledge represents almost 8% of his fortune. Some of Amazon's employees have been

A post shared by Jeff Bezos (@jeffbezos) on

In September, Mr. Bezos unveiled the Climate Pledge, committing Amazon to meeting the goals of the Paris climate agreement 10 years ahead of schedule and to be carbon neutral by 2040. As part of the pledge, Mr. Bezos said Amazon was ordering 100,000 electric delivery trucks from Rivian, a Michigan-based company that Amazon has invested in.

At the time, Mr. Bezos said Earth’s climate was changing faster than predicted by the scientific community five years ago. “Those predictions were bad but what is actually happening is dire,” he said.

Mr. Bezos made the pledge after Amazon’s employees agitated on climate change. For a year, workers pressed Amazon to be more aggressive in its climate goals, staging walkouts and talking publicly about how the company could do better.

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