Billionaires are leaving the room with excuses — Bezos says “AI will solve climate crisis”
Dystopian crash. Fantasy in ruins.
By Jo Nova
Back in 2020 nothing was more important than climate change. Swept away by the crisis, Amazon Founder Jeff Bezos set up a $10,000 million dollar fund to ‘fight climate change and protect nature’. It was the largest piece of atmospheric philanthropy known to mankind. But it’s become a bit of a ghost account.
The money was supposed to be spent by 2030, but six years in, 72% of the funds still haven’t been allocated.
Bezos Earth Fund Is Off Pace to Meet $10 Billion Climate Giving Pledge
By Ben Elgin and Sophie Alexander, Bloomberg
Officials at the Bezos Earth Fund said they remain committed to disbursing $10 billion by 2030. With four years left on the timeline, however, only 28% of the promised funds have been allocated so far.
In interviews and statements, Earth Fund executives reaffirmed their plan to spend $10 billion by the end of the decade. “Many of our strategies remain the same,” a spokesperson said…
Now that Trump sucked the government subsidies away from pet climate projects, you’d think the Bezos funding would be more “needed” than ever.
It’s not just Bezos who is backing away slowly
Bill Gates launched “Breakthrough Energy’s Catalyst Fund” in 2021. But last October he started talking about how climate change was not such a big deal, and they should be more focused on real issues that matter to the poor.
In February the team announced they would be sacking staff and stopping new investment:
https://joannenova.com.au/2026/06/billionaires-are-leaving-the-room-bezos-says-ai-will-solve-climate-crisis/
