Jeff Bezos commits to forming $10 billion Earth Fund for climate change

The Amazon founder and CEO has been in the news for his recent divorce settlement, his latest real estate purchase, and the carbon emissions impact his company has on the environment.
1:17 | 02/18/20

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for Jeff Bezos commits to forming $10 billion Earth Fund for climate change
The world's richest men Jeff phases is jumping into the battle to address climate change let's take a look at his new effort by the numbers. In an answer Graham post today the Amazon founder and CEO announced he's forming the ten billion dollar bid those earth fund. To provide grants starting this summer to scientists activists and NGOs focused on climate change. With a net worth of 130 billion the pledge by basis means he's dedicating about seven point 7%. Of his current net worth to the cause what he calls the biggest threat to our planet. Amazon has faced criticism for the impact the company has on the environment one climate activist organization says Amazon's deliveries. Committed an estimated nineteen million metric tons of carbon in 2017. A equivalent to five coal power plants. And a group of Amazon employees have called Monday's owes to do more to reduce Amazon's environmental impact. Business is fortune has made headlines in the past year his divorce settlement last summer transferred some 38 billion dollars worth of Amazon stock. To his now ex wife MacKenzie. After the end of their 25 year marriage and just last week. Made us agreed to pay. 165. Million dollars. For Beverly Hills estate owned by media mogul David Geffen a new real estate record in the state of California if the sale goes through.

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"1:17","description":"The Amazon founder and CEO has been in the news for his recent divorce settlement, his latest real estate purchase, and the carbon emissions impact his company has on the environment.","mediaType":"default","section":"ABCNews/US","id":"69037984","title":"Jeff Bezos commits to forming $10 billion Earth Fund for climate change","url":"/US/video/jeff-bezos-commits-forming-10-billion-earth-fund-69037984"}