Amazon’s Jeff Bezos pledges $10 billion to launch Earth Fund for combating local weather change

HomeMarket

Amazon’s Jeff Bezos pledges $10 billion to launch Earth Fund for combating local weather change

Amazon founder and CEO Jeff Bezos speaks on the new Amazon Spheres opening occasion at Amazon's Seattle headquarters in Seattle, Washington, U.S.,


Amazon founder and CEO Jeff Bezos speaks on the new Amazon Spheres opening occasion at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018.

Lindsey Wasson | Reuters

Amazon founder and CEO Jeff Bezos on Monday introduced the launch of a brand new Earth Fund that the e-commerce chief plans to make use of to fight the consequences of local weather change.

He mentioned in an Instagram put up that he is pledging $10 billion to begin the fund, which shall be referred to as the Bezos Earth Fund, and can problem grants to scientists, activists and different organizations of their efforts to “protect and defend the pure world.”

“We are able to save Earth,” Bezos wrote in his put up. “It’ll take collective motion from massive corporations, small corporations, nation states, international organizations, and people.”

“Local weather change is the most important menace to our planet,” he added. “I need to work alongside others each to amplify identified methods and to discover new methods of combating the devastating affect of local weather change on this planet all of us share.”

Bezos added in his put up that he expects the Earth Fund to start issuing grants to climate-oriented causes as quickly as this summer season. Information of the brand new fund, although sudden, comes as Amazon seeks to handle criticisms that its e-commerce and delivery enterprise gasoline international carbon emissions.

Greater than 340 Amazon employees risked termination earlier this…



cnbc.com