"Bezos Says He’ll Commit $10 Billion to Fight Climate Change"

"Amazon.com Inc. founder Jeff Bezos announced he’s created the Bezos Earth Fund, his biggest-ever philanthropic investment to help counter the effects of climate change.

Bezos is starting with $10 billion and will begin to issue grants in a few months. “It’s going to take collective action from big companies, small companies, nation states, global organizations and individuals,” he said Monday in a post on Instagram. “We can save Earth.”

Bezos, the world’s richest person, is under pressure to balance Amazon’s need to deliver goods quickly with the environmental consequences of the rapid growth of online shopping. There is tension within Amazon on the issue, with some employees saying the company isn’t doing enough and there is a threat of punishment for those who are too outspoken on the matter."

Sarah Frier and Spencer Soper report for Bloomberg Green February 17, 2020.

SEE ALSO:

"Jeff Bezos Commits $10 Billion to Address Climate Change" (New York Times)

Source: Bloomberg Green, 02/18/2020