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Amazon's Bezos pledges $10 billion to climate change fight

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Amazon's Bezos pledges $10 billion to climate change fight

 

2020-02-17T210456Z_1_LYNXMPEG1G188_RTROPTP_4_SPACE-EXPLORATION-BEZOS.JPG

FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne

 

NEW YORK (Reuters) - Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday.

 

Bezos, who is the world's richest man, is among a growing list of billionaires to dedicate substantial funds towards combating the impact of global warming.

 

"Climate change is the biggest threat to our planet," Bezos said in an Instagram post. "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."

 

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.

 

Bezos also said at the time that Amazon would meet the goals of the Paris climate accord 10 years ahead of the accord's schedule and invest $100 million to restore forests and wetlands.

 

Cutting emissions related to Amazon, which delivers 10 billion items a year and has a massive transportation and data center footprint, will be challenging.

 

The company has faced recent protests by environmental activists in France and rising pressure from its own employees to take action on climate change.

 

(Reporting by Laila Kearney; additional reporting by Rama Venkat in Bengaluru; Editing by Sonya Hepinstall)

 

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-- © Copyright Reuters 2020-02-18
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Well kudos mr Bezos and btw just what is the carbon footprint for all of your delivery’s I’ll bet it’s enormous that beeing said kudos just the same find that guy or gal that can figure out a way to store the renewables so it’s practical imo thats the key to lowering all of our carbon footprint 

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5 minutes ago, Tug said:

Well kudos mr Bezos and btw just what is the carbon footprint for all of your delivery’s I’ll bet it’s enormous that beeing said kudos just the same find that guy or gal that can figure out a way to store the renewables so it’s practical imo thats the key to lowering all of our carbon footprint 

 

You could look at it another way. Think of Amazon like mass transport for goods. I for example live a little over 20 miles to the shopping center. Anytime I can get something from Amazon it saves a 45 mile round trip drive. So every time you see an Amazon truck go by you have to count the number of drives that saves. 

 

Also having no retail store also saves a chunk. It doesn't go from fulfillment center to Walmart or similar set up. It's more efficient it eliminates that piece.

 

 

 

 

Edited by Cryingdick
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2 minutes ago, Cryingdick said:

 

You could look at it another way. Think of Amazon like mass transport for goods. I for example live a little over 20 miles to the shopping center. Anytime I can get something from Amazon it saves a 45 mile round trip drive. So every time you see an Amazon truck go by you have to count the number of drives that saves. 

 

 

 

 

Or think of it this way one item at a time that beeing said I’m sure amazon would go full electric if it was practical that dinosaur juice is so convenient small easy to carry easy to replenish (and I’m aware it creates lots of jobs)

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Just now, Tug said:

Or think of it this way one item at a time that beeing said I’m sure amazon would go full electric if it was practical that dinosaur juice is so convenient small easy to carry easy to replenish (and I’m aware it creates lots of jobs)

 

The trucks never deliver one item at a time. That's why it is like using the bus. Amazon is leading the charge so to speak into electric vehicles they have made a huge investment into Rivian Electric vehicle company.  If you want a world where people don't need cars Amazon is a company that is essential to this.

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40 minutes ago, PremiumLane said:

Would rather he just paid his taxes, paid his workers decent money and stopped the Victorian workshop mentality in his distribution centres... but I guess that is asking for too much

 

The warehouse jobs are stressful because it is a time sensitive job. Try working for the post office, a place so nice to work that if you killed your coworkers or yourself it was called going postal.

 

Also people claim Amazon doesn't pay its taxes. Now you are saying Bezos doesn't? When he sells stock he will pay 15%-25% capitol gains. If you have ever owned shares and sold them at a profit you pay tax on the profits. 

 

So as his stock position is held long he will pay 15% or $1.5 billion on $10 billion. So to get the $10 billion he had to sell $11.5 billion before he gives the left over $10 billion away. How much tax do you pay?

Edited by Cryingdick
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2 hours ago, faraday said:

And Greta no doubt, will think she's been influential in Amazon's decision.

 

11 billion USD profit & no federal taxes paid.

Triggered.

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6 minutes ago, Chomper Higgot said:

Triggered.

Not in the slightest.

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A post has been removed, Please use only a persons real name when referring to public figures or politicians etc. Failure to do so could see your post removed as it leads to confusion and flames later on.

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3 hours ago, englishoak said:

just another tax avoiding siphon scheme

better invest in environment than in self serving useless politcians

If I had the choice to opay for environment or taxes I knew what to do

Edited by sweatalot
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