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Amazon's Bezos pledges $10 billion to climate change fight

Published 02/17/2020, 05:50 PM
Updated 02/17/2020, 05:50 PM
© Reuters. Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington

© Reuters. Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington

NEW YORK (Reuters) - Amazon (O:AMZN) Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday.

Cutting emissions will be challenging for Amazon. The e-commerce company delivers 10 billion items a year, has a massive transportation and data center footprint, and has faced criticism from within its own workforce.

Bezos, the world's richest man, is among a growing list of billionaires to dedicate substantial funds to battling the impact of global warming.

"Climate change is the biggest threat to our planet," Bezos said in an Instagram post. "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."

The Bezos Earth Fund will begin issuing grants this summer as part of the initiative.

"It's going to take collective action from big companies, small companies, nation states, global organizations, and individuals," Bezos said.

Counteracting climate change has become a popular cause for U.S. billionaires in recent years, with Microsoft's Bill Gates, Michael Bloomberg and hedge fund manager Tom Steyer counted among the world's wealthiest environmental philanthropists. ⁣⁣⁣ Last year, Bezos pledged to make online retailer Amazon net carbon neutral by 2040 - the first major corporation to announce such a goal - and to buy 100,000 electric delivery vehicles from U.S. vehicle design and manufacturing startup Rivian Automotive LLC.

Bezos also said at the time that Amazon would meet the goals of the Paris climate accord 10 years ahead of the accord's schedule and invest $100 million to restore forests and wetlands.

Amazon has faced protests by environmental activists and pressure from its employees to take action on climate change.

Amazon workers were among hundreds of employees of big technology companies to join climate-change marches in San Francisco and Seattle late last year, saying their employers had been too slow to tackle global warming and needed to take more drastic action.

Amazon Employees for Climate Justice, an activist workers group, welcomed the Bezos Earth Fund announcement, but said it did not make up for the company's consumption of fossil fuels and other activities that contribute to climate change.

© Reuters. Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington

"We applaud Jeff Bezos' philanthropy, but one hand cannot give what the other is taking away," the group said on Twitter.

Latest comments

socialist Bezos crave attentip .what a waste!
The US already restricts emissions. It's China and other countries that are burning the Rain Forest that pollute. China wants to build 300 new coal fired plants by 2030. Unless the rest of the world is on the same page we are throwing money out the window.
Being the richest doesn't mean you're the smartest.  What a dope!
Smarter than you Bubba. Hope those oil stocks are working out well for you.
 you can't fight mother nature..sorry. Btw who says warmer is bad?  Shlomoe
 guy would do the world's poor 10 billion times better to give that money to feed and health care for the world   Climate change? PLEASE! You can stop nature
Is there nothing that makes you activists happy?? The man stepped up. Give him a hand !
Funny how we think we can change weather with money.
 Nothing gets done without money, honey.
Title correction: Bezo's pledges $10 billion to tax write-offs in the forms of payment to globalist buddies
great👍
Love Amazon so much!!
great!👍
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