Jeff Bezos donates $10B to fight climate change

Marco Green
February 17, 2020

Amazon founder Jeff Bezos announced the launch of his "Earth Fund" on Monday via Instagram to fund climate change research and awareness.

"We can save Earth", he said in a post on Instagram.

The money is from Bezos' personal wealth and is separate from the Foundation that he'd established, according to a spokesperson for the company.

Amazon has been criticized recently for the environmental costs of the conveniences it provides - especially with quick shipping and what advocates say is wasteful packaging. That, in turn, led to at least three employees being threatened with discipline (including termination of their jobs) by Amazon, which said it was just following company policy. 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.

That action followed another climate change protest in September.

Bezos, the world's richest man, said in an Instagram post that he'll start giving grants this summer to scientists, activists and nonprofits working to protect the earth.

With an estimated net worth of almost $130 billion, his pledge accounts for about 7.7% of his wealth.

This big picture, per Axios' Ben Geman: The new fund is the latest example of tech companies or their billionaire founders devoting more resources to climate change. Last year, Amazon officials said the company would work to have 100 per cent of its energy use come from solar panels and other renewable energy by 2030.

The Amazon CEO, whose net worth is over $120 billion, said that "climate change is the biggest threat" to Earth and the money he's donating will "fund scientists, activists, [non-government organizations] - any effort that offers a real possibility to help preserve and protect the natural world". Under his divorce settlement previous year with ex-wife MacKenzie Bezos, she received 25% of the shares in Amazon that had been jointly held by the couple. We can save Earth.

Other reports by Click Lancashire

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