Sep 27, 2021 - Energy & Environment

Laurene Powell Jobs' $3.5 billion climate campaign

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Laurene Powell Jobs speaks to the Committee to Protect Journalists in New York in 2019. Photo: Dia Dipasupil/Getty Images

Laurene Powell Jobs, president of Emerson Collective, is investing $3.5 billion in her new climate-action group, the Waverley Street Foundation — all to be spent in 10 years, as a way to show urgency on the issue.

  • Then the group will sunset.

The big picture: The foundation "will focus on initiatives and ideas that will aid underserved communities who are most impacted by climate change," an official tells Axios.

  • Solutions will include housing, transportation, food security and health. "Each is a lever to help solve the climate crisis," the official said.

Lisa Jackson — Apple's vice president of Environment, Policy and Social Initiatives, and EPA head under former President Obama — will chair the board.

  • A top executive leader will be named soon.
  • Staffing and grants have begun, the official said.

Disclosure: Laurene Powell Jobs is an investor in Axios.

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