Billionaire funding of climate activism melting! LA Times: ‘Jeff Bezos’ $10-billion climate pledge is falling dangerously behind’ – Still need to spend more than $7 billion to reach goal – Plus: Meta ‘winding down its climate portfolio’ & Bill Gates has trimmed staff at his climate org
There’s been tumult across the relatively small climate philanthropy sector, with some big donors pulling back. The Chan Zuckerberg Initiative, run by Meta Platforms Inc. CEO Mark Zuckerberg and his wife, Priscilla Chan, is winding down its climate portfolio, according to a spokesperson for the organization.
Renowned climate investor and donor Bill Gates has trimmed staff at Breakthrough Energy, his climate organization, while pulling back on advocacy work and halting some investments.
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Randall Kempner, executive director of the Climate Philanthropy Catalyst Coalition. “It is certainly a less hospitable environment for climate philanthropy today than it was prior to Trump’s election,” he said.