Amazon founder Jeff Bezos on Monday announced the launch of a new Earth Fund that the e-commerce chief plans to use to combat climate change.
He said that he’s pledging $10 billion to start the fund, which will be called the Bezos Earth Fund and issue grants to climate-oriented scientists and activists.
“We can save Earth,” Bezos wrote on Instagram. “It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals.”
Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.
The 310-megawatt facility was opened by President Uhuru Kenyatta of Kenya on Friday.
The project consists of 365 turbines, and full commercial operations began in March 2019.