Amazon CEO Jeff Bezos Pledges $10 Billion For Climate Initiatives

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Amazon’s founder and CEO, Jeff Bezos has announced a $10-billion pledge to help fight climate change which will begin rolling out in just a few month’s time.


The announcement came via Bezos’ Instagram account where he announced that as the world’s richest man, he feels somewhat obliged to contribute to the research and initiatives that are attempting to tackle climate change head-on.


Jeff Bezos is currently the world’s wealthiest man, with an estimated net worth of around $130 billion; his $10-billion pledge represents around 8% of his fortune.


“Today, I’m thrilled to announce I am launching the Bezos Earth Fund,” he wrote. “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.”


“This global initiative will fund scientists, activists and NGOs- any effort that offers a real possibility to help preserve and protect the natural world. We can all save Earth. It’s going to take collective action from big companies, small companies, nation-states, global organisations and individuals,” he wrote.


“I’m committing $10-billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common- let’s protect it, together.”


According to a report from the BBC, “Some Amazon employees have urged him to do more to fight climate change. There have been walkouts and some staff have spoken publicly. Also, Mr Bezos is financing the Blue Origin space program, criticised for its carbon footprint.”


“Compared to some multi-billionaires, Mr Bezos had done only limited philanthropy. His biggest donation before Monday’s pledge is thought to have been $2-billion in September 2018 to help homeless families and fund schools.”

© 2019 by Best Practice

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