Saturday, March 2, 2024
 
 

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

EU Parliament strives to protect energy market from manipulation

Responding to the energy crisis exacerbated by Russia's invasion...

Russia sanctions remain a powerful tool to support Ukraine’s defense

Western leaders should not dismiss the two-year long sanctions...

New U.S. Russia sanctions widen scope, adding 500 new targets

The U.S. State Department released a comprehensive list of...

Don't miss

EU Parliament strives to protect energy market from manipulation

Responding to the energy crisis exacerbated by Russia's invasion...

Russia sanctions remain a powerful tool to support Ukraine’s defense

Western leaders should not dismiss the two-year long sanctions...

New U.S. Russia sanctions widen scope, adding 500 new targets

The U.S. State Department released a comprehensive list of...

US Democrats overseas to hold primaries in early March

  In an election year where most U.S. voters are...

Russia sanctions remain a powerful tool to support Ukraine’s defense

Western leaders should not dismiss the two-year long sanctions campaign (as opposed to the 2014 Crimea sanctions) as unsuccessful simply because the Kremlin has...

New U.S. Russia sanctions widen scope, adding 500 new targets

The U.S. State Department released a comprehensive list of new sanctions measures on February 23, clearly the culmination of months of preparation in order...

Chosen to host COP29, Azerbaijan draws special attention to its energy policy

Azerbaijan’s Energy Minister Parviz Shahbazov visited the U.S. this week where he held talks with World Bank representatives, U.S. government officials and investors, discussing...

Washington strongly condemns Houthi attacks on shipping

The U.S. State Department issued a strongly worded condemnation of Houthi attacks on international shipping on February 21st, equating many Houthi attacks with piracy.Washington...

Alexandroupolis LNG Terminal going live after test runs

The Gastrade consortium confirmed on February 18 the long anticipated Liquified Natural Gas (LNG) terminal at Alexandroupolis in Greece’s province of Thrace has received...

Romania sees Black Sea renewable hub, gas production growth

Ambitious projects and cross-border cooperation between the countries in the region are key in order for the Black Sea to become a renewables energy...

Qatar, Kazakhstan to boost economic ties, energy projects

Qatar and Kazakhstan discussed economic cooperation between the two countries, including energy and signed a number of commercial agreements totaling almost USD 18 billion...

Bulgaria, Romania push regional renewable energy projects

Bulgaria is working with its neighbors to boost energy security and collaborate on joint cross-border projects in natural gas and renewables, according to Bulgaria’s...