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The Bezos Earth Fund, the climate change-fighting philanthropy backed by Jeff Bezos, on Tuesday pledged $60 million to create a center to “invent a way out of climate change,” focusing on challenges in biomanufacturing. announced that it would invest in Lauren Sanchez, vice chair of the fund and Bezos’ fiancee.
important facts
According to a press release from the foundation, the Bezos Center for Sustainable Protein will use science and technology to address “key technological barriers to reducing the cost, improving quality, and enhancing the nutritional benefits of alternative proteins.” They say they are trying to advance technology.
The center will be established over the next five years in partnership with universities, Andy Jarvis, director of the future of food, told Bloomberg.
The $60 million is part of the Bezos Earth Fund’s $1 billion commitment to transform food and agricultural systems to reduce greenhouse gas emissions.
tangent
News of Bezos Earth Fund’s investment in alternative protein quality comes as Oscar Mayer partners with NotCo, Inc., another organization backed by the Amazon founder, to develop the first plant-based Oscar Mayer The announcement came just a week after the company announced it would be releasing the product. It’s not a hot dog or a sausage.
Forbes rating
Forbes estimates that Bezos is worth about $193.7 billion as of Tuesday afternoon, making him the third-richest person in the world.
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In 2020, Bezos, who made most of his money by founding and currently chairman of Amazon, pledged to spend $10 billion over 10 years through the Earth Fund to combat the effects of climate change. That same year, he announced that the Earth Fund had donated $791 million to 16 organizations working to combat climate change, including $100 million to the World Wildlife Fund and $100 million to the Environmental Defense Fund. However, Forbes reported that the Earth Fund’s announced donations were only $400 million. Recently, the Bezos Earth Fund announced a $5 million grant to the Jane Goodall Institute to expand conservation efforts in the Democratic Republic of the Congo and the Republic of the Congo.
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