- Jeff Bezos, the world’s richest man, has donated $10 billion to combat climate change
- The “Bezos Earth Fund” will fund individuals, organizations, NGOs’s projects or initiative that will provide real solutions to protect the Earth
- With collective efforts, Bezos said “we can save the Earth”
Jeff Bezos, considered to be the world’s richest man, has announced his commitment to combat climate change.
Bezos, the CEO of Amazon (AMZN) has announced that he will support scientists, activists and organizations working to find ways to stop climate change. To show his utmost commitment, Bezo said he will donate $10 billion to “start” the initiative which will be called the “Bezos Earth Fund.”
With an estimated net worth of $130 billion, the $10 billion pledge constitutes less than 8% of Bezos’ total net worth.
He wrote, “Climate change is the biggest th
re at to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fig hting the devas tating impact of climate change on this planet we all share.”
“This global initiative will fund scientists, activists and NGO – any effort that offers real possibility to help protect and preserve the natural world. We can save the Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals,” Bezos stated.
Amazon, one of the world’s biggest retailers, has often been criticized for the amount of packaging they use to send Amazon parcels. The company had earlier announced that they plan to go “carbon neutral” by 2040. They also promised to deploy 100,000 electric delivery vans by 2024.
Amazon Employees for Climate Justice, however, said the initiatives are not enough. In a statement released to CNN, the group said, “We applaud Jeff Bezos’ philanthropy, but one hand cannot give what the other is taking away.”
The group called out Bezos for working with oil and gas companies and funding think tanks that do not support climate change efforts.