Amazon's Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate change

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Amazon's Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate change
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Bezos's fund will pen grants to scientists, activists and other organizations in their efforts to 'preserve and protect the natural world.'

Amazon founderJeff Bezos on Monday announced the launch of a new Earth Fund that the e-commerce chief plans to use to combat climate change.

He said in an Instagram post that he's pledging $10 billion to start the fund, which will be called the Bezos Earth Fund. He said in an Instagram post that he's pledging $10 billion to start the fund, which will be called the Bezos Earth Fund, and will issue grants to scientists, activists and other organizations in their efforts to "preserve and protect the natural world."wrote in his post. "It's going to take collective action from big companies, small companies, nation states, global organizations, and individuals.

Bezos added in his post that he expects the Earth Fund to begin issuing grants to climate-oriented causes as soon as this summer.

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