Environmentalists pressured Bezos to focus more on climate change. Now the founder of Amazon has announced that he will spend $ 443 million on land conservation, reconstruction and efforts to reduce the environmental burden on less developed communities.
This year, the Bezos Fund has committed more than $ 3 billion to similar projects. In 2020, Bezos pledged $ 10 billion – about 5% of its current net worth – to tackle climate change this decade.
Following the announcement, the Bezos Fund came under fire, especially from some environmental groups. Criticism has been leveled at why he intends to protect the environment while continuing to pollute the area and emit increasing greenhouse gases.
After the initial reactions, establishing environmental justice – preventing environmental pollution in low-income areas – became a major goal for the Bezos Fund. The last budget allocated by the fund was $ 130 million, followed by another $ 150 million for climate groups in September.
Shortly after Joe Biden took office, Bezos decided to allocate another $ 130 million to environmental justice to ensure that environmental protection measures were taken, especially for disadvantaged communities. The Amazon has recently made a major contribution to regional pollution, with congestion in ports and maritime pollution along the west coast of the United States. Despite Amazon’s commitments to address this, the company’s net carbon production reached 20% in 2020, after which the Bezos Fund was forced to pay huge sums in the field of environmental protection.