Jeff Bezos Creates $10 Billion Fund to Combat Climate Change

CEO of Amazon Jeff Bezos (R) gestures as he addresses the Amazon's annual Smbhav event in New Delhi on January 15, 2020. - Bezos, whose worth has been estimated at more than $110 billion, is officially in India for a meeting of business leaders in New Delhi. (Photo by Sajjad …
SAJJAD HUSSAIN/AFP via Getty Images

Amazon CEO and world’s richest man Jeff Bezos has announced that he is creating a $10 billion fund to combat climate change, calling it the “biggest threat to our planet.”

Bezos, who reportedly owns a Gulfstream G650ER private jet, made the announcement via Instagram on Monday. He said the Bezos Earth Fund will begin giving out grants this summer, with the money going toward supporting activists, scientists, and non-governmental organizations.

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Today, I’m thrilled to announce I am launching the Bezos Earth Fund.⁣⁣⁣ ⁣⁣⁣ Climate change is the biggest threat to our planet. 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, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. ⁣⁣⁣ ⁣⁣⁣ 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.⁣⁣⁣ ⁣⁣⁣ – Jeff

A post shared by Jeff Bezos (@jeffbezos) on

“Climate change is the biggest threat to our planet. 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,” he wrote in the Instagram post.

“Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣”

Bezos announced last year that he is committing Amazon to meet the goals of the Paris Climate Agreement ten years early. The online retailer claims it will transition to zero emissions by 2030 and will add 100,000 electric delivery vehicles to its fleet by 2024.

Amazon is expected to procure the electric vehicles from Rivian, the automotive company in which Amazon has invested a reported $440 million.

Bezos reportedly purchased his Gulfstream private jet for $65 million. The aircraft seats eight people and has been used by the tech billionaire to make multiple trips to the Washington, D.C. area, where Amazon has established a new headquarters in northern Virginia.

The Washington Post revealed last year that the jet embarked on more than a dozen flights a month in 2018, many of them coming from or going to Seattle. The destinations include Los Angeles, Boston, Dallas, Miami, and New York.

Last year, Bloomberg reported that Amazon’s carbon footprint contributed more greenhouse gas emissions in 2018 than some big competitors in retail, logistics and technology, though less than rival Walmart.

Follow David Ng on Twitter @HeyItsDavidNg. Have a tip? Contact me at dng@breitbart.com

 

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