
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
November 4, 2021: -Amazon founder Jeff Bezos has pledged $2 billion in funds to help restore nature and transform food systems.
The funding coming from the Bezos Earth Fund is part of the billionaire’s commitment to spend $10 billion fighting climate change this decade.
“Nature is beautiful, but it is also fragile,” Bezos told delegates at the COP26 climate conference on Tuesday. “I was reminded of this in July when I went into space with Blue Origin. I was told seeing the earth from space changes the lens through which you view the world, but I was not prepared for just the amount that would be true.”
Bezos described 2021 as a critical year and urged humanity to “stand together to protect our world.”
“Each year, forests and landscapes absorb 11 billion tons of CO2 from the atmosphere. As we destroy nature, we reverse this process,” he told the event in Glasgow, U.K. “In too many parts of the world, nature is already flipping from a carbon sink to a carbon source. This is a profound danger to us all.”
In September, the Bezos Earth Fund pledged to give away $1 billion in grants this year, focusing on conservation efforts.
“Together, this $3 billion in pledges will drive a new threefold nature agenda for the Bezos Earth Fund, focused simultaneously on conservation, restoration, and food transformation,” Bezos said.
“We must conserve what we still have, we should restore what we’ve lost, and we must increase what we need to live without degrading the planet for future generations to come.”
Bezos has been focusing on Blue Origin, his space exploration company, and initiatives like the Earth Fund since stepping down as Amazon CEO in July.
But there are concerns that the private space travel industry, touted by firms like Blue Origin, could damage the environment as it gains traction.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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