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Jeff Bezos comes after criticism with climate fund, deposits 10 billion dollars

2020-02-17T19:18:12.934Z

Amazon founder and multi-billionaire Jeff Bezos announced on Monday on Instagram to set up a climate fund called Bezos Earth Fund, in which he himself deposited 10 billion dollars (9.23 billion euros). The move is striking, since Amazon was still under fire at the end of January for inadequate climate policy.



Amazon founder and multi-billionaire Jeff Bezos announced on Monday on Instagram to set up a climate fund called Bezos Earth Fund, in which he himself deposited 10 billion dollars (9.23 billion euros). The move is striking, since Amazon was still under fire at the end of January for inadequate climate policy.

The second richest man in the world, who had an estimated $ 109 billion by the end of 2019, says he wants to use his fund to stimulate cooperation and to strengthen existing projects. "This global initiative must provide funding to scientists, activists, NGOs - to every effort that offers a real opportunity to preserve and protect nature."

"We can save the earth," said Bezos. "The earth is the only thing we all have in common - let's protect it together."

In addition to the $ 10 billion he puts into the fund, the entrepreneur will start issuing subsidies next summer. It is not known exactly where those subsidies go, and how much money it will involve.

The criticism at the end of January came from hundreds of Amazon employees, who posted a joint message on Medium.com . Amazon would not act progressively enough, lag behind other companies in terms of climate goals and even delay the necessary changes through collaborations with the oil and gas industry. The employees risked their dismissal with their publication.

The company did not receive an official response in January, and Bezos also did not respond.

Source: nunl

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