His company is often criticized for its environmental record, but Jeff Bezos, CEO of Amazon and the world’s richest man, said Monday that he was committing $10 billion to a new fund to tackle climate change.
“Climate change is the biggest threat to our planet,” said Bezos, whose net worth is estimated to be around $130 billion. The company, which in December said its workforce had hit 750,000, has also been denounced over its carbon footprint because of the high energy consumption of its server farms for its lucrative cloud computing activities.
Rather than make investments that the business guru might profit from, the fund would allocate grant money to projects, The New York Times said, quoting unnamed sources familiar with the initiative.
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