Jeff Bezos Pledges $10 Billion to Combat Climate Change

The Bezos Earth Fund will begin giving out grants this summer time.

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This story initially appeared on Engadget

Amazon CEO Jeff Bezos introduced at the moment he plans to contribute $10 billion towards preventing local weather change by the creation of a brand new philanthropic challenge known as the Bezos Earth Fund. “Local weather change is the most important menace to our planet,” Bezos wrote in an Instagram publish. “I need to work alongside others each to amplify identified methods and to discover new methods of preventing the devastating affect of local weather change on this planet all of us share.”

He says the Bezos Earth Fund will help scientists, activists and NGOs, with the primary grants slated to exit someday this summer time. Apart from that info, Bezos did not present many particulars on the fund.

Whereas Bezos is prone to get lots of favorable protection for the transfer, it is value declaring that, because the CEO of Amazon, he is not had the perfect observe file in the case of local weather change. Bezos solely introduced Amazon’s current local weather pledge after the corporate was pressured by its workers to take motion. Furthermore, there are features of the plan that come off as self-serving. For example, Amazon stated it might buy 100,000 electrical vans from Rivian, an organization wherein the retailer lead a $700 million funding spherical. It is also value declaring that Amazon’s Prime supply service is doubtless a contributor to the general downside.

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