Amazon CEO commits $10 billion to fight climate change

World

Published: 2020-02-18 09:57

Last Updated: 2020-02-18 10:19


Amazon CEO Jeff Bezos
Amazon CEO Jeff Bezos

Amazon CEO Jeff Bezos announced that he would be committing $10 billion to fight climate change through a new fund called the Bezos Earth Fund, the Verge reported. 

In a post he published on his Instagram account on Monday, February 17, Bezos said, "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."
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The fund plans to begin issuing grants this summer, but right now, there are few hard details besides what Bezos shared on Instagram, so it’s unclear exactly how or when applications for grants will be accepted.