Jeff Bezos promises $10 billion to fight climate change

Tech

Earlier this week, Jeff Bezos said he will give $10 billion to fight climate change.

Jeff who is CEO of Amazon and the world’s richest man has a net worth of around $130 billion. Jeff admitted “climate change is the biggest threat to our planet” and wants to work alongside others to explore new ways of fighting the devastating impact of climate change.

Many believe Bezos has been pressured by Amazon employees to do more to fight climate change. Hundreds of Amazon employees signed a blog at the beginning of the year asking for a number of climate change requests including commitment for net-zero emissions by 2030.

 In May 2019 MacKenzie Bezos, Jeff’s ex wife announced in a letter that she has signed the Giving Pledge.  The Giving Pledge is a commitment by the world’s wealthiest individuals and families. They pledge to dedicate the majority of their wealth to giving back.  MacKenzie Bezos has committed to giving at least $17 billion to charity over her lifetime or when she dies.

The giving pledge was started by Bill Gates and Warren Buffett and is focused on billionaires. In order to join you are required to have a least $1 billion in personal net worth or would have $1 billion in personal net worth if it wasn’t for philanthropy. Of the five richest people in America, Jeff is the only one who hasn’t signed on to the philanthropic commitment.

Jeff Bezos full Instagram post stated:

Today, I’m thrilled to announce I am launching 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, NGO’s – 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

Environmental concerns have been a big motivator for the endeavours of Blue Origin, Bezos spaceflight company. Bezos has advised that the company hopes to get millions of people living and working in space which will take considerable pressure off our ‘beleaguered’ earth.

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