Sep 26, 2019 - Energy & Climate

Caltech receives $750 million for climate research

Rashaan Ayesh

Lynda Resnick (L) and Stewart Resnick during American Film Institute's 45th Life Achievement Award Gala Tribute — Lynda (L) and Stewart (R) Resnick own the Wonderful Company, which is home to Fiji Water, Pom Wonderful, Wonderful Pistachios and Teleflora. Photo: Stefanie Keenan/Getty Images for Turner

Billionaires Stewart and Lynda Resnick will be donating $750 million to the California Institute of Technology to build a research center and support projects focusing on combating climate change, reports the New York Times.

Why it matters: This is the second largest gift to an American university in history.

Between the lines: The Resnicks own the Wonderful Company — including Fiji Water, Pom Wonderful and Wonderful Pistachios — which has been criticized by environmentalists for its water and plastic use, per the Times.

Go deeper:

Key science report shows "unprecedented" changes to oceans and frozen regions
The new generational war

Add Axios on Google

Caltech receives $750 million for climate research

What to read next