Jeff-Bezos-the-CEO-and-founder-of-Amazon
Jeff Bezos, the CEO and founder of Amazon.com, takes a walking tour of the Amazon Spheres in Seattle. Bezos said Monday, February 17, 2020, that he plans to spend $10 billion of his own fortune to help fight climate change (AP Photo)

The world’s richest person, Amazon’s chief executive Jeff Bezos, has announced a $10bn fund to help tackle climate change.

Titled the “Bezos Earth Fund“, the new initiative will begin issuing funding to scientists, activists, and NGOs from this summer.

Why It Matters!

Bezos stated in an Instagram post that “climate change is the biggest threat to our planet” and that he wants 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“.

The news comes at a time when his company is facing intense internal and external criticism over its own environmental impact.

How We Got Here!

Amazon employees have been protesting and calling the company to enact stronger action on climate change. Several workers involved in those protests were warned to be quiet or face dismissal.

Also, some people familiar with the fund confirmed it would not be used for investments, adding that a statement from a group called Amazon Employees for Climate Justice is accusing Amazon of supporting fossil fuel companies and funding climate skeptic think-tanks.

Editorial Team
We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to make a positive impact in the world. Send us a tip via editors @ pvbuzz [dot] com.

Sunrun is crushing Tesla in the solar energy sales business

Previous article

Podcast: Chris Burgess on Rocky Mountain Institute’s role in the Caribbean

Next article

You may also like

Comments

Comments are closed.

More in News Watch