Jeff Bezos Commits $10B to Fight Climate Change, Amazon Continues to Cut Ties
Jeff Bezos Pledges $10B to Fight Climate Change
In an Instagram post shared last week, Amazon CEO Jeff Bezos committed $10 billion to the fight against climate change.
The global initiative, called the Bezos Earth Fund, will fund scientists, activists, and other organizations working to mitigate the impact on climate change. The fund will begin issuing grants this summer.
The $10 billion dollar commitment is one of the largest ever, according to The Chronicle of Philanthropy.
“Climate change is the biggest threat to our planet,” said Bezos. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change.”
Amazon Continues to Cut Ties with Logistics Partners
Thousands of delivery drivers could potentially lose their jobs as Amazon continues to sever ties with logistics partners across the country.
In 2018, Amazon announced a program that would allow businesses like Bear Down Logistics to lease vans, hire drivers and build their own businesses delivering packages to Amazon customers. More than 100 businesses have rapidly expanded over the past two years to help Amazon increase delivery capacity.
Last week, The Washington Post reported the shuttering of Illinois-based Bear Down Logistics after failing to meet Amazon’s standards. According to the article, “The shuttering of Bear Down Logistics underscores the challenges Amazon faces outsourcing deliveries to new, untested companies instead of traditional partners such as UPS and FedEx. It also serves as a warning to Amazon delivery partners that the company is an exacting client willing to cut them off.”
Other former Amazon partners to announce mass layoffs include Washington-based Logistics provider Delivery Force Corp., California-based Transportation Brokerage Specialists Inc., and Express Parcel Service LLC, based out of Florida.