WASHINGTON, Feb 18 — Amazon CEO Jeff Bezos has pledged US$10 billion to a new fund to tackle climate change but activists have urged the world’s richest man to first clean up the e-commerce giant’s own lacklustre environmental record. The e-commerce tycoon said the Bezos Earth Fund would...
Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill September 19, 2018. — AFP pic
“Climate change is the biggest threat to our planet,” Bezos, whose net worth is estimated to be around US$130 billion, said in an Instagram post to his 1.4 million followers yesterday. Amazon has been accused of creating vast amounts of waste from the packaging it uses for doorstep deliveries, as well as for the greenhouse gas emissions from huge vehicle fleets.
“We applaud Jeff Bezos’ philanthropy, but one hand cannot give what the other is taking away,” the group said in a statement. Rather than make investments that the business guru might profit from, the fund would allocate grant money to projects, Thesaid, quoting unnamed sources familiar with the initiative. Bezos divulged few details on his social media post.
Global corporations in all sectors have been churning out climate action plans to reduce carbon footprints and adapt to tomorrow’s low-carbon economy but experts have cautioned that many of these seemingly ambitious pledges are more greenwashing than green.
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