Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Jeff Bezos, The World’s Richest Man, Pledges $10 Billion To Fight Climate Change

Jeff Bezos, The World’s Richest Man, Pledges $10 Billion To Fight Climate Change

“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.⁣⁣⁣”
Amazon CEO Jeff Bezos, the world’s richest person, pledged $10 billion to combat climate change on Monday, calling the phenomenon the “biggest threat to our planet.”

In an Instagram post, the 56-year-old billionaire said he was launching the Bezos Earth Fund, an initiative to fund scientists, activists, and non-governmental organizations researching and fighting climate change. Bezos did not specify which groups he’d be funding, but he noted that the $10 billion fund would begin issuing grants this summer.

“It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals,” Bezos wrote in an Instagram caption below a photo of the Earth. “Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣”

Bezos’ announcement comes as Amazon has taken steps to address its role in contributing to global warming and as it faces internal pressure from its own employees. In September, the company unveiled the Climate Pledge, a commitment to meet the international Paris Agreement's goal of net zero carbon emissions by 2040, 10 years earlier than what most countries had previously agreed to. The online retailer's plan to achieve that goal included an order for 100,000 new electric delivery vehicles and a $100 million investment in global reforestation projects.

That hasn’t been enough for some of the Seattle tech giant’s workers, who formed a group called Amazon Employees for Climate Justice to call out their employer for working with oil and gas companies and funding a think tank engaged in climate change denialism. The group also organized a walkout and a confrontation of Bezos at a recent shareholder meeting. Last month, some of the employees involved in the group said that Amazon threatened them retribution for their criticism of the company’s stance on climate issues.

“We applaud Jeff Bezos’ philanthropy, but one hand cannot give what the other is taking away,” Amazon Employees for Climate Justice said in a statement on Monday. “The people of Earth need to know: When is Amazon going to stop helping oil & gas companies ravage Earth with still more oil and gas wells? When is Amazon going to stop funding climate-denying think tanks like the Competitive Enterprise Institute and climate-delaying policy?”

In an email, an Amazon spokesperson chose to commend its CEO and founder. The company declined to respond to the Amazon employees’ questions.

“Amazon took a bold step when it announced the Climate Pledge, committing the company to meet the goals of the Paris Agreement ten years early, and we’re incredibly excited about the Bezos Earth Fund,” the company said in a statement. “Jeff’s passion and this extraordinary personal contribution to the fight against climate change are going to have a huge impact.”

The Bezos Earth Fund will come from the Amazon CEO’s personal accounts, not from Amazon’s balance sheet. The $10 billion commitment represents less than 8% of his net worth, which totaled $129.9 billion as of Monday, according to Forbes.

Bezos, who has been criticized in the past for his lack of giving compared to his outsized wealth, has recently made strides to increase his charitable donations. In 2018, he launched the Day One Fund with a $2 billion commitment, and it’s announced distributions totaling $196 million over two years to charities working on family and homelessness issues. The Bezos Earth Fund will be separate from the Day One Fund and the Bezos Family Foundation, a foundation set up by the Amazon chief’s parents Jackie and Mike Bezos to focus on education issues.

A person familiar with the Bezos Earth Fund said that the $10 billion would not be used for investments and would be doled out as charitable giving to existing institutions and researchers.

“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 said on Instagram.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
×