Jeff Bezos has launched a $10 billion dollar fund to fight climate change.
The Amazon founder announced the news in an Instagram post, in which he described climate change as 'the biggest threat to our planet'.
The Bezos Earth Fund will fund 'any effort that offers a real possibility to help preserve and protect the natural world'.
"Today, I’m thrilled to announce I am launching the Bezos Earth Fund," he wrote. "Climate change is the biggest threat to our planet. 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.
"This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation-states, global organizations, and individuals.
"I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together."
PBN will update this story as more news comes in.