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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
EnvironmentFood and drink

Bezos-backed fund invests $60 million to improve the taste of alternative meat

By
Agnieszka de Sousa
Agnieszka de Sousa
and
Bloomberg
Bloomberg
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By
Agnieszka de Sousa
Agnieszka de Sousa
and
Bloomberg
Bloomberg
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March 12, 2024, 7:31 PM ET
Jeff Bezos
The Bezos Earth Fund is investing $60 million into research on meat substitutes.Getty

The Bezos Earth Fund is pouring $60 million into revamping alternative proteins as part of its push to make food more sustainable. 

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The Jeff Bezos-backed philanthropic organization will put money into establishing university research centers that will work on improving the taste, texture and nutrition of meat alternatives. The centers, set up over the next five years, will also focus on bringing down manufacturing costs and finding new ingredients, according to Andy Jarvis, director of Future of Food at the Bezos Earth Fund. 

“Alternative proteins are an imperative if we are to stay within planetary boundaries, if we are to feed 10 billion people within those boundaries,” Jarvis said in a video interview. “We’re investing in alternative proteins because they need to be successful.” 

The funding is part of a $1 billion commitment by the Bezos Earth Fund to tackle food’s impact on climate and nature. Alternative proteins have been singled out as a way to help shift diets away from livestock, a major driver of greenhouse gas emissions. But they have struggled to win over consumers due to a lack of flavor, high prices and concerns over nutrition.  

“They need to cost less, they need to be more flavorful,” Jarvis said. 

The Bezos Earth Fund was launched in early 2020 by Bezos — the world’s second-richest person and founder of Amazon.com Inc. — who pledged $10 billion to fight climate change and protect the natural world.

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