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Jeff Bezos Announces $10 Billion Fund to Combat Climate Change

Bezos offering billionaire donationJeff Bezos, president and CEO of Amazon and owner of The Washington Post, announced Monday that he was committing an initial $10 billion to “the Bezos Earth Fund”.

Washington DC, Feb. 17.– Jeff Bezos took the initiative in order to fund “any effort that offers a real possibility to help preserve and protect the natural world.”

“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,” Bezos wrote in an Instagram post. “ . . . We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals.”

With an estimated net worth of $130 billion, Bezos is putting up approximately 7.7 percent of his total wealth in the initiative. He said he would begin to issue grants to scientists, activists, NGO’s over the summer.

The announcement comes after Amazon employees urged Bezos to “spend more money on fighting Climate Change than on space exploration!” in a January Medium post last month.

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