Fiji Water Billionaires Donate $750 Million for Climate Research
This is the biggest donation made towards research in the US.
Fiji Water Company billionaires, Stewart and Lynda Resnick have pledged to donate $750 million for climate change research.
Stewart Resnick is the owner of The Wonderful Company, parent company of Fiji Water. Stewart and his wife are entrepreneurs and philanthropists who have previously made donations but this one is the biggest yet for research purposes.
It is considered to be the biggest donation made towards research, in the United States. The donation is to be made to the California Institute of Technology, where Resnick himself is on the board of trustees.
Caltech University will build the Resnick Sustainability Resource Center. It will serve as the hub for climate change research, and have laboratories for undergraduate students as well.
In a statement passed by Resnick, he is reported to have said:
“In order to comprehensively manage the climate crisis, we need breakthrough innovations, the kind that will only be possible through significant investment in university research.”
This Resource Center will help conduct research towards environmental sustainability. It will focus on building smarter electricity infrastructure, managing water sources, and measuring, modelling and mitigating climate change.
President of Caltech University, Thomas F. Rosenbaum said:
“Sustainability is the challenge of our times. Stewart and Lynda Resnick’s generosity and vision will permit Caltech to tackle issues of water, energy, food, and waste in a world confronting rapid climate change.”
Read our previous article:
Climate Change Pledge by Hundreds of Teens
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