On February 17th, 2020, Amazon CEO Jeff Bezos announced over Instagram that he was donating US$10 billion to a new organization called Bezos Earth Fund to fight climate change. Bezos wrote »
Today, I’m thrilled to announce I am launching the Bezos Earth Fund.
Climate change is the biggest threat to our planet. 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. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. 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.
The Bezos Earth Fund will begin issuing grants this summer as part of the initiative.
“It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals,” Bezos said.
Counteracting climate change has become a popular cause for U.S. billionaires in recent years, with Microsoft’s Bill Gates, Michael Bloomberg and hedge fund manager Tom Steyer counted among the world’s wealthiest environmental philanthropists. Last year, Bezos pledged to make online retailer Amazon net carbon neutral by 2040 – the first major corporation to announce such a goal – and to buy 100,000 electric delivery vehicles from U.S. vehicle design and manufacturing startup Rivian Automotive LLC.
Lincoln, the luxury brand under Ford, said Wednesday the two companies will work together to develop an “all-new” electric vehicle. This electric vehicle, or at least the intent to build it, was announced in April as part of Ford’s $500 million investment in Rivian. But until now, it wasn’t clear what that vehicle would be and under what brand.
Rivian confirmed the announcement and didn’t provide further details.
Lincoln has produced two plug-in hybrid vehicles, the Aviator and Corsair Grand Touring, which it unveiled in November at the LA Auto Show. But it has never produced an all-electric vehicle.
Ford joined Amazon.com Inc. in backing suburban Detroit-based Rivian in April and had said it would use Rivian’s “skateboard” platform. The number of all-electric models in U.S. showrooms will surge to 121 five years from now, from 18 now, according to researcher LMC Automotive.