President Joe Biden announced a multimillion-dollar “Climate Gender Equity Fund” at the U.N. COP27 climate conference in Egypt on Nov. 11, with the stated aim of boosting women’s participation in climate change issues.
“The Fund is enabled by USAID’s commitment to gender-responsive climate action, including its allocating more than $21 million from the Gender Equity and Equality Action (GEEA) Fund, surpassing its $14 million COP26 commitment,” the fact sheet stated.
Amazon's $3 million contribution is part of the company’s $53 million fund that seeks to accelerate women’s climate innovation. Amazon will act as the founding partner of the Climate Gender Equity Fund.
“We’re proud to collaborate with USAID and the Biden administration to help scale women-led climate solutions globally. This is just one part of our broader Climate Pledge goal to reach net zero carbon by 2040,” she said.
Anti-Fossil Fuel StanceBiden’s new climate fund comes as he increases the ongoing attack against fossil fuels. At a rally on Nov. 6, Biden said, “No more drilling,” following an exchange with a climate protestor, insisting that no new oil drilling has formed under his administration.
During his presidential election campaign, Biden promised to eliminate fossil fuels. In a debate with then-President Donald Trump, Biden pledged to shift the country away from oil. After becoming president, Biden canceled the Keystone Pipeline project and issued an executive order blocking new drilling leases on federal properties.
“Americans deserve energy security, and it’s time our federal government treated oil and natural gas like an asset, not a liability,” he said.
In June, the Department of Interior announced a five-year oil and gas leasing plan according to which the agency has the power not to hold any new lease sales until the end of 2028.