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Jeff Bezos Establishes $10bn Earth Fund to Fight Climate Change

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Jeff Bezos
  • Jeff Bezos Establishes $10bn Earth Fund to Fight Climate Change

Jeff Bezos, the world’s richest man and founder of Amazon Inc., on Tuesday announced on his Instagram page, he will be launching the Bezos Earth Fund to fight climate change.

“Today I am thrilled to announce I am launching the Bezos Earth Fund,” Bezo declared on social media.

According to the billionaire, climate change is the biggest threat to our planet, therefore, he will be committing $10 billion to get the fund started.

He explained that experts, scientists, researchers and organisations working to protect the planet will start receiving grants from the fund to further their work.

Bezos said “this global initiative will fund scientists, activists, NGOs –any efforts that offers real possibility to help protect and preserve the natural world.

“It is going to take collective action from big companies, small companies, nation states, global organisations and individuals.”

He, therefore, announced that he is committing $10 billion of personal fund to get the project of the ground.

“I am committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common, let’s protect it, together,” the billionaire concluded on his Instagram page.

Bezos, 56, presently worth $130 billion and ranked the world’s richest man despite given about $36 billion of his wealth to his ex-wife, MacKenzie Bezos, during an amicable divorce two years ago.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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8.2 Magnitude Earthquake Hits Alaska USA, Triggering Warnings

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Alaska 8.2 Magnitude Earthquake - Investors King

Thousands scramble to clear out of coastal towns after massive 8.2magnitude earthquake strikes in the Gulf of Alaska triggering tsunami warnings and even the aftershocks measured 6.2.

Families are scrambling to clear out of coastal towns after a powerful 8.2 magnitude earthquake has struck off the coast of Alaska, triggering a tsunami warning.

The shallow quake hit 56 miles (91 kilometers) southeast of the town of Perryville, the United States Geological Survey (USGS) said, with a tsunami warning in effect for south Alaska and the Alaskan peninsula.

The USGS said the quake, which struck at 10:15 p.m. local time (0615 GMT Thursday), was at a depth of 29 miles.

The US government issued a tsunami warning for Alaska’s southeast, while authorities in Hawaii also issued a tsunami watch, but later cancelled the warning.

‘Hazardous tsunami waves for this earthquake are possible within the next three hours along some coasts,’ the US Tsunami Warning System said in a statement.

Alaska Governor Mike Dunleavy tweeted that the state’s emergency operation center had been activated and authorities were contacting communities in the tsunami warning areas.

Perryville is a small village about 500 miles from Anchorage, Alaska’s biggest city.

Tsunami warning sirens could be heard on Kodiak, an island with a population of about 6,000 people, along Alaska’s coastline. Perryville is home to just 113.

Five aftershocks were recorded within 90 minutes of the earthquake, the largest with a magnitude of 6.2, according to the USGS.

An emergency alert sent to people’s phones read: ‘The National Weather Service has issued a TSUNAMI WARNING.

‘A series of powerful waves and strong currents may impact coasts near you. You are in danger. Get away from coastal waters. Move to high ground or inland now. Keep away from the coast until local officials say it is safe to return.’

A broadcaster on local radio station KMXT said a tsunami, if it was generated, would hit Kodiak at 11:55 pm.

Videos posted on social media by journalists and residents in Kodiak showed people driving away from the coast as warning sirens could be heard.

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Cross River Launches Cally Air, A State-Owned Airline

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Cally-Air - Investors King

The Cross River State Government has launched its airline, Cally Air, as part of efforts to boost economic activities in the state and across the country.

Governor Ben Ayade on Monday welcomed the maiden flight of the airline into Margaret Ekpo International Airport in Calabar, the state capital.

Addressing journalists after the reception, he explained that it was a dream the government had in 2017, occasioned by the high influx of traffic into Calabar and the monopoly of some airlines dominating the Calabar route.

“Cally Air belongs to Cross River State. No loan, no facilities were obtained and it is one hundred percent property of the citizens of Cross River State,” he said.

“I don’t own it, aero contractors do not own it. No one has a percentage share. The recruitment was done by aero contractors, but we have a responsibility to ensure that the sensitivity and ethnic differences in Cross River are reflected.”

The airline comes with a fare of N17,000 for a trip from Abuja to Calabar, a relatively cheaper fare compared to the industry average fare of between N35,000 and N40,000.

Mr Ayade advised Cross Riverians to patronise the airline, noting that “Cally Air is actually intended to serve Cross Riverians. It is for you, Cross Riverians.”

The governor, who said the airline will make punctuality the soul of its business, also disclosed that “when we say Cally Air operates on the dot, we mean it will be prompt, it will be apt, it will be time conscious to ensure that Cross Riverians can go to Abuja, do their business and return the same day to save them the cost of hotel bills.”

He explained further: “Your money is there, my money is there, all of our taxes have come to the achievement of this. There is no bank loan and I am saying it on camera for emphasis, no bank here or abroad that will say Cross River borrowed 10kobo. There is no one that will say we borrowed one naira.

“It takes six months for the license to come and if we have to wait for the license, we will be losing money, so that is why we had to start early, using aero contractors with over 56 years of flying without any accident.

However, the governor said the state chose aero contractors to assist in the management of the airline.

“So on the basis of safety, we made a choice of aero contractors and against that background, we will continue with them until Cally Air has its full management team and a full AOC,” he said.

“So after the AOC, we can now commence a full direct independent airline.”

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Lagos To Commission Online Vehicle Registration Portal On August 1

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Lagos Nigeria - Investors King

The Motor Vehicle Administration Agency (MVAA) has announced that the Lagos State Government will on August 1, 2021, commission its newly introduced vehicle registration portal to allow individuals to renew their vehicle licences from the comfort of their homes.

The General Manager of MVAA, Mrs Lape Kilanko, who disclosed this during a stakeholders’ meeting at Alausa, Ikeja, noted that the concept is part of the agency’s efforts at enhancing service delivery in the area of vehicle documentation in Lagos State.

She explained that the hitherto common practice of visiting MVAA stations before renewal of vehicle licence could be done will soon be a thing of the past, stressing that with the laudable innovation, the vehicle information is secured as only the details supplied by the vehicle owner will be updated on the page.

According to her, “The platform is easy to use for vehicle owners as all they need to do is Sign up, Enter their vehicle licence number, login, Initiate Renewal and Make Payment. They will receive SMS/email notifications while awaiting the delivery of the customised Vehicle Licence via an approved logistics/delivery courier. In the alternative, they can approach the nearest MVAA station to print the customised Vehicle Licence by showing their SMS/Email notifications”.

The General Manager added that the process is a seamless one that requires little effort and implored Lagosians, especially drivers and vehicle owners, not to wait until they are apprehended by law enforcement agents before renewing their documents.

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