(UTV|COLOMBO) – Amazon CEO Jeff Bezos announced on Monday that he will commit a whopping $10 billion to fight climate change as part of a new initiative.
The money, which will be doled out in grants via a new fund known as the Bezos Earth Fund, is one of the largest individual donations made so far to fight the effects of climate change. The fund will start issuing the grants this summer, Bezos said in the Instagram post announcing the news.
The Amazon CEO, whose net worth is over $120 billion, said that “climate change is the biggest threat” to Earth and the money he’s donating will “fund scientists, activists, [non-government organizations] any effort that offers a real possibility to help preserve and protect the natural world.”
“We can save Earth,” Bezos continued. “It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. 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.”
(Source: fox News)