Amazon founder launches $10bn fund to fight climate change

EPA-EFE/MICHAEL REYNOLDS
Founder and CEO of Amazon Jeff Bezos participates in the unveiling of an Amazon environmental initiative entitled 'The Climate Pledge', in Washington, DC, USA, 19 September 2019. Amazon's new environmental initiative aims to meet the goals of the Paris environmental agreement ten years early, or in 2040. Amazon has acquired one hundred thousand new electric delivery vehicles as part of that aim.

- Advertisement -

Jeff Bezos, founder and CEO of Amazon, announced he was committing $10 billion to a new fund, aimed at fighting climate change. He added the foundation would begin issuing grants this summer.
The new Bezos Earth Fund would “fund scientists, activists, NGOs – any effort that offers a real possibility to help preserve and protect the natural world”, Bezos said in an Instagram post.
Bezos is also the world’s richest person. His net worth is estimated to be around $130 billion. Bill Gates is second with $119 billion.
“Climate change is the biggest threat to our planet”, Bezos said, and added: “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”.
Amazon relies on fossil fuels to power the vehicles that ship its packages. It has pledged to become net zero carbon by 2040. It also said that it would order 100,000 electric delivery trucks.
Its employees have often been protesting about some of its practices, in particular, over creating large amounts of waste from the packaging it delivers its products in, as well as for the emissions from huge fleets of delivery vehicles.

- Advertisement -

Subscribe to our newsletter

Latest

Kazakhstan accelerates digital transformation with new visa options

Upgrading its visa regime for skilled foreign workers and...

A Code of Conduct for the HR Outsourcing sector

The quote - often attributed to Deng Xiaoping -...

T is for tariffs

If the quick freeze and attempted shut down of...

EU officially implements landmark AI law

The EU officially implemented its new landmark AI law...

Don't miss

Kazakhstan accelerates digital transformation with new visa options

Upgrading its visa regime for skilled foreign workers and...

A Code of Conduct for the HR Outsourcing sector

The quote - often attributed to Deng Xiaoping -...

T is for tariffs

If the quick freeze and attempted shut down of...

EU officially implements landmark AI law

The EU officially implemented its new landmark AI law...

Trump administration unleashes first sanctions on Iranian shadow fleet

On February 6, the Department of the Treasury unleashed...

T is for tariffs

If the quick freeze and attempted shut down of American foreign assistance through USAID was not enough, on February 10 U.S. President Donald Trump...

EU officially implements landmark AI law

The EU officially implemented its new landmark AI law on February 2, aiming to ensure safety and ethical use of Artificial Intelligence. The European...

Trump administration unleashes first sanctions on Iranian shadow fleet

On February 6, the Department of the Treasury unleashed the first wave of the new Trump administration’s economic sanctions using the tried-and-true U.S. Government/Treasury...

Global reaction to Trump tariffs only reinforces his use of this tired and risky strategy

True to form, U.S. President Donald Trump disrupted global markets with a three-day surge of tariff announcements, border security negotiations and ultimately a 30-day...

The New Face of an Old Enemy: The renewed dangers of ISIS and al-Qaeda

A dangerous cocktail of indifference and complacency enabled al-Qaeda to evolve from a shadowy fringe network in the early 1990s into one of the...

Donald Trump is inaugurated amidst promises of security, stability and prosperity

After storming a frigid Washington D.C. during his extended inauguration festivities on January 20, Donald J Trump, America’s 47th and 45th President, launched a...

The heat is on Trump’s fossil fuel push, climate change pushback

2024 has officially been confirmed as the warmest year on record, with global temperatures surpassing the 1.5°C threshold mentioned in the Paris Agreement, Alberto...

The Biden administration’s parting gift to Russia: Still more sanctions

Clearly working overtime to underscore the Biden administration’s desire to inflict maximum economic pain on Moscow and its coterie of Ukraine invasion supporters outside...