03:16 GMT05 December 2020
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    Amazon chief Bezos, who is considered the richest man in the world with a net worth of some $130 billion, earlier said his company was determined to become carbon-neutral by the year 2040.

    Jeff Bezos has announced he is investing $10 Billion in the fight against climate change with the newly launched Bezos Earth Fund.

    In an Instagram post on Monday, Bezos said that the new initiative would provide funding for scientists, activists, and non-governmental organisations to explore ways to fight climate change, with the Amazon CEO claiming that "collective action" was needed to preserve the environment.

    The announcement comes amid recent calls from inside Amazon to do more on the issue of climate change. In late January, more than 350 employees, united under the "Amazon Workers for Climate Justice", slammed the company's climate policies and demanded Amazon spend more money on saving the environment, according to Business Insider. One of the demands of the group was for the company to reach carbon-neutrality by 2030.

    Tags:
    initiative, fund, Earth, Instagram, CEO, Amazon, US, Jeff Bezos, Environment
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