45.6 F
Fort Worth
Saturday, October 24, 2020
Business Jeff Bezos commits $10 billion to fight climate change

Jeff Bezos commits $10 billion to fight climate change

Other News

JC Penney sees bankruptcy protection exit by Christmas

NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would...

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.

Bezos, the world’s richest man, said in an Instagram post that he’ll start giving grants this summer to scientists, activists and nonprofits working to protect Earth.

“I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos said in the post.

Amazon, the company Bezos runs, has an enormous carbon foodprint. Last year, Amazon officials said the company would work to have 100% of its energy use come from solar panels and other renewable energy by 2030.

The online retailer relies on fossil fuels to power planes, trucks and vans in order to ship billions of items all around the world. Amazon workers in its Seattle headquarters have been vocal in criticizing some of the company’s practices, pushing it to do more to combat climate change.

Bezos said in the post Monday that he will call his new initiative the Bezos Earth Fund. An Amazon spokesman confirmed that Bezos will be using his own money for the fund.

Despite being among the richest people in the world, Bezos only recently became active in donating money to causes as other billionaires like Bill Gates and Warren Buffett have done. In 2018, Bezos started another fund, committing $2 billion of his own money to open preschools in low-income neighborhoods and give money to nonprofits that help homeless families.

Bezos, who founded Amazon 25 years ago, has a stake in the company that is worth more than $100 billion.

Latest News

Best Maid can put you in a pickle store

Fort Worth's Best Main can put you in a pickle – a pickle store, that is. Friday, Fort Worth’s...

Facebook Data Center honored with Vandergriff Award

The Facebook Data Center was honored with the annual Fort Worth Chamber of Commerce’s Vandergriff Award at the Chamber’s 10th Annual State...

Donald Trump and Joe Biden sparred over Texas’ energy industry and global warming during final presidential debate

By Abby Livingston, The Texas Tribune Oct. 22, 2020 "Donald Trump and Joe Biden...

Biden calls for ‘transition’ from oil, GOP sees opening

By KATHLEEN RONAYNE and ELLEN KNICKMEYER Associated PressDemocrat Joe Biden's debate remarks that he would "transition" away from the oil industry in...

US airlines still piling up losses but say demand is rising

By DAVID KOENIG AP Airlines WriterDALLAS (AP) — Airlines are piling up billions of dollars in additional losses as the pandemic chokes...