Laurene Powell Jobs' $3.5 billion climate campaign
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.