Amazon boss Bezos launches $10 bn fund to fight local weather change

NEW YORK: Amazon founder Jeff Bezos mentioned Monday that he plans to spend $10 billion of his personal fortune to assist battle local weather change.

Bezos, the world’s richest man, mentioned in an Instagram publish that he’ll begin giving grants this summer season to scientists, activists and nonprofits working to guard the earth.

“I wish to work alongside others each to amplify recognized methods and to discover new methods of combating the devastating affect of local weather change,” Bezos mentioned within the publish.

Amazon, the corporate Bezos runs, has an unlimited carbon foodprint. Final yr, Amazon officers mentioned the corporate would work to have 100% of its vitality use come from photo voltaic panels and different renewable vitality by 2030.

The net retailer depends on fossil fuels to energy planes, vans and vans in an effort to ship billions of things all all over the world. Amazon staff in its Seattle headquarters have been vocal in criticizing a few of the firm’s practices, pushing it to do extra to fight local weather change.

Bezos mentioned within the publish Monday that he’ll name his new initiative the Bezos Earth Fund. An Amazon spokesman confirmed that Bezos shall be utilizing his personal cash for the fund.

Regardless of being among the many richest folks on the planet, Bezos solely just lately grew to become energetic in donating cash to causes as different billionaires like Invoice Gates and Warren Buffett have performed. In 2018, Bezos began one other fund, committing $2 billion of his personal cash to open preschools in low-income neighborhoods and provides cash to nonprofits that assist homeless households.

Bezos, who based Amazon 25 years in the past, has a stake within the firm that’s value greater than $100 billion.

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