Skip to main content

EGEB: Amazon’s Jeff Bezos announces $10B Bezos Earth Fund

In today’s Electrek Green Energy Brief (EGEB):

  • Jeff Bezos pledges $10 billion in grants to explore new ways of tackling the climate crisis.
  • The US East Coast’s largest oil refinery is officially, legally dead.
  • Scientists at UMass Amherst are “literally making electricity out of thin air.”

The Electrek Green Energy Brief (EGEB): A daily technical, financial, and political review/analysis of important green energy news.

Bezos Earth Fund

Amazon head Jeff Bezos (pictured) — the world’s richest man — announced the $10 billion Bezos Earth Fund on Instagram (below) yesterday.

The Bezos Earth Fund is an initiative to “amplify known ways and to explore new ways of fighting the devastating impact of climate change… This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”

Bezos is now worth an estimated $130 billion, and as the fund comes from Bezos’ own personal wealth, it’s unsurprising that Bezos did not mention Amazon. The Verge reports that his fund would not invest in the private sector, and instead focus on charitable giving.

Quartz writes about Amazon:

In a September 2019 report, the company for the first time disclosed its carbon footprint: 44.4 million metric tons in 2018. That’s larger than the estimated carbon footprint of Angola, a country of 30 million people, but less than 1% of the US’s total footprint (and less than Amazon’s chief competitor, Walmart).

Amazon is aiming to reach net zero by 2040.

Goodbye, East Coast’s biggest oil refinery

Last Thursday, a US bankruptcy judge in Delaware officially signed off on Philadelphia Energy Solutions (PES)’ bankruptcy plan. This includes the sale of the company’s 1,300-acre oil refinery complex to Hilco Redevelopment Partners, a Chicago-based real estate company that turns fossil-fuel infrastructure into logistics centers, for $252 million.

Laid-off refinery workers will receive $5 million in severance in the final bankruptcy plan. The plan will also pay PES executives as much as $20 million in bonuses. (Electrek‘s note: Yeah, that’s fair payout distribution — not.)

Judge Kevin Gross said, according to Grist:

I’m very much satisfied that the sale to Hilco is the highest bid and sale.

Clearly [it] is in the best interest of the community as well, given the risks that were attended to the prior operations with the refinery, and a refinery frankly that had numerous and repeated problems over the years.

The PES oil refinery exploded in June 2019. On February 6, the Environmental Integrity Project released a report that found that the PES refinery was the worst refinery in the US for releasing the highest levels of cancer-causing benzene.

Electricity from the air

According to a new report published in Nature titled, “Power Generation from Ambient Humidity Using Protein Nanowires,” electrical engineer Jun Yao and microbiologist Derek Lovley at the University of Massachusetts Amherst have created the “Air-gen,” which connects electrodes to electrically conductive protein nanowires so that electrical current is generated from the water vapor present in the atmosphere.

Yao says:

We are literally making electricity out of thin air. The Air-gen generates clean energy 24/7.

Lovley adds:

It’s the most amazing and exciting application of protein nanowires yet.

UMass reports:

The new technology developed in Yao’s lab is non-polluting, renewable, and low-cost. It can generate power even in areas with extremely low humidity such as the Sahara Desert. It has significant advantages over other forms of renewable energy including solar and wind, Lovley says, because unlike these other renewable energy sources, the Air-gen does not require sunlight or wind, and ‘it even works indoors.’

To read the scientific detail of how the Air-gen works, click here.

FTC: We use income earning auto affiliate links. More.

You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.



Avatar for Michelle Lewis Michelle Lewis

Michelle Lewis is a writer and editor on Electrek and an editor on DroneDJ, 9to5Mac, and 9to5Google. She lives in St. Petersburg, Florida. She has previously worked for Fast Company, the Guardian, News Deeply, Time, and others. Message Michelle on Twitter or at Check out her personal blog.