Amazon's Jeff Bezos creates $10 billion fund to fight climate change

Jeff Bezos.
(Image credit: Mandel Ngan/AFP via Getty Images)

Amazon CEO Jeff Bezos announced on Monday that he is launching the Bezos Earth Fund, pledging to give $10 billion in grants to scientists, activists, and organizations trying to combat climate change.

Bezos said climate change is "the biggest threat to our planet," and he wants 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." The grants will be issued this summer to "big companies, small companies, nation states, global organizations, and individuals," he added. Bezos is worth an estimated $130 billion.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.