What you need to know
- Amazon boss Jeff Bezos has launched the Bezos Earth Fund.
- The Bezos Earth Fund aims to fund efforts by scientists, activists, and NGOs to preserve and protect the environment.
- Bezos is committing $10 billion to the fund and will begin issuing grants later this year.
Amazon CEO Jeff Bezos has announced the launch of a new fund called the Bezos Earth Fund to help fight climate change. Bezos said that he is committing $10 billion "to start" and will begin issuing grants this summer.
Announcing the Bezos Earth Fund on Instagram, the Amazon CEO wrote:
The Bezos Earth Fund will be giving out grants to back scientists, activists, and non-governmental organizations (NGOs) working to protect the natural world from climate change. Bezos is currently the wealthiest person in the world, with an estimated net worth of $130 billion. His $10 billion commitment to the Bezos Earth Fund is therefore only about 7% of his net worth.
In April last year, thousands of Amazon employees signed an open letter asking the company to come up with a plan to tackle climate change. Many of them even staged a walkout four months later, calling on Amazon to do more to protect the environment.
The group issued the following statement after Bezos announced the new fund:
Have you listened to this week's Android Central Podcast?
Every week, the Android Central Podcast brings you the latest tech news, analysis and hot takes, with familiar co-hosts and special guests.
Get the Android Central Newsletter
Instant access to breaking news, the hottest reviews, great deals and helpful tips.