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Bezos launching initiative that commits $10 billion to combat climate change

Charlemagne

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By: Justin Wise

February 17, 2020 - 03:47 PM EST

Bezos launching initiative that commits $10 billion to combat climate change

Amazon founder and CEO Jeff Bezos on Monday announced the launch of the Bezos Earth Fund, a new global initiative that will commit $10 billion to combating climate change.

Bezos, whose net worth is listed at $130 billion, said in an Instagram post that the fund would support scientists, activists, nongovernmental organizations (NGOs) and "any effort that offers a real possibility to help preserve and protect the natural world."

While he did not offer details on what efforts he plans to prioritize, Bezos said that he would begin issuing grants in connection to the fund this summer.

“Climate change is the biggest threat to our planet,” he said. “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 fund will provide donations — not investments that Bezos could potentially profit from, The New York Times reported, citing a person with knowledge of the plan. The initiative is reportedly separate from Amazon's work.

The move from Bezos comes as many lawmakers and environmental activists push for more forceful action on fighting warming climates. It also comes following a year in which Bezos faced pressure from Amazon employees to committing more resources towards becoming greener and more sustainable.

In September, Bezos announced that the online retail giant would commit to carbon neutrality by 2040 and 100 percent renewable energy by 2030, in an effort to meet the goals of the Paris Climate Agreement 10 years ahead of schedule.

"We can make the argument — and we plan to do so passionately — that if we can do this, anyone can do this," Bezos said, adding that he planned to recruit other companies to get on board with the plan. The announcement came the day before more than 1,000 employees planned to go on strike to advocate for addressing climate change in a more earnest fashion.

The group also asked when the company would stop funding a think tank that denies climate change and alleged that Amazon threatened to fire employees that publicly voiced concerns about the company’s role in the gas and oil business.

Amazon's network of data centers and package delivery has vast environmental imprint. The company emitted about 44.4 million metric tons of carbon dioxide in 2018, The Times noted.

Bezos's largest donation before this announcement came in September 2018, when he and his former wife donated $2 billion for a fund to aid homeless families and early-childhood education.

https://thehill.com/policy/energy-environment/483384-jeff-bezos-launching-initiative-that-will-commit-10-billion-to
 

shack

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That is meaningless if he ever takes an airplane, or worse, a private airplane.
 

oil&gas

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Ghawar
That is meaningless if he ever takes an airplane, or worse, a private airplane.
I am not aware Bezos has attacked world leaders for
not listening to science. I don't think he ever resorts to shaming other people's activities like flying commercial
and driving an ICE car. And to my knowledge he has never
demanded (selectively) oil exporting countries to stop producing oil. He is free to fly and drive like other
genuine and moderate climate change activist without
the hassles of being branded a green hypocrite.

Notwithstanding their hypocrisy self-proclaimed
climate change believers like Leonardo DiCarprio,
Harrison Ford and Arnold Schwarzenegger would
nonetheless deserve world's respect if they gave
away their wealth to build more solar panels and
wind farms.
 

shack

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Why?

You think fighting climate change means that you need to stop breathing and emitting CO2?
I was mocking the critics of climate change activists who take issue when an activist takes airplanes to events or if they have their own private airplane.
 

SowelHung

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Jeff Bezos is a hypocrite, if he was serious about saving the environment he should sh*t in a bucket and wipe his ass with leaves. I know for a fact that he shits in a toilet and wipes his ass with toilet paper, that 2 ply elitist toilet paper.
 

oil&gas

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Apr 16, 2002
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Ghawar
I was mocking the critics of climate change activists who take issue when an activist takes airplanes to events or if they have their own private airplane.
If this critic of climate change activist is an
ex-climate-change-denier who has been converted
by Greta Thunberg to a climate believer would you tell her
private jet flying is NOT an issue? This is someone who
genuinely believe that the generation of her
kids and grand kids are doomed in one or two decades
if we continue dumping CO2 into the atmosphere.
How would you tell her to care about her kids' future?
 

Insidious Von

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Sep 12, 2007
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Jeff Bezos is a hypocrite, if he was serious about saving the environment he should sh*t in a bucket and wipe his ass with leaves. I know for a fact that he shits in a toilet and wipes his ass with toilet paper, that 2 ply elitist toilet paper.
And why not, he's not a mendicant friar. Why should his ass crack chafe by using working class rough single ply toilet paper. Not a nice feeling after a night of Ghost Pepper nachos. Germans make lots of great stuff but toilet paper isn't one of them.

He's following the lead of Larry Fink Jr, Chairman of BlackRock Investments, who's come out with a Green strategy.

https://www.blackrock.com/us/individual/investment-ideas/sustainable-investing
 

Insidious Von

My head is my home
Sep 12, 2007
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CBC Marketplace did test run with an electric car from Toronto to Detroit. The wait time on the initial run was considerable, but the latest run cut the recharging time considerably. There are huge cost savings to be had against an internal combustion engine car.

Lovely Shelby Church drove her Tesla Model 3 round trip from LA to Lake Tahoe. Here is her story. Those of you who have investments in palladium and rhodium must be back-flipping like David Lee Roth.

https://www.youtube.com/watch?v=O_ZYxEkvrF8
 

JohnLarue

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Jan 19, 2005
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Amazon founder and CEO Jeff Bezos on Monday announced the launch of the Bezos Earth Fund, a new global initiative that will commit $10 billion to combating climate change.

Bezos, whose net worth is listed at $130 billion, said in an Instagram post that the fund would support scientists, activists, nongovernmental organizations (NGOs) and "any effort that offers a real possibility to help preserve and protect the natural world."
Its Mr. Bezos money so he can spend it as he wishes.
Supporting science is a good thing & perhaps some of the investment will result in technological advancements
no doubt there will be a line up of alarmist climate scientists more than eager to access any part of $10 B.

I hope Mr Bezos takes a deep interest (ie oversight) in how the activists and NGOs spend this gift.
no doubt there will be a line up of activists more than eager to access any part of $10 B.
After all it beats working for a living
Yikes!

It is a generous gift with very honourable intentions
I do not think it will be spent well
 
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