Leonardo DiCaprio's new environmental fund pledges $5 million in aid amid Amazon fires

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Leonardo DiCaprio's new environmental fund pledges $5 million in aid amid Amazon fires
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Earth Alliance, a new environmental organization created by Leonardo DiCaprio and his philanthropic friends, Laurene Powell Jobs and Brian Sheth, has pledged $5 million to help preserve the Amazon rainforest.

Fires have surged in the Amazon this year -- the world's largest rainforest is burning at its highest rate since 2013 -- and Brazil's National Institute for Space Research says more than one-and-a-half soccer fields of Amazon rainforest are being destroyed every minute of every day.The Amazon, which produces about 20% of earth's oxygen, is often referred to as"the planet's lungs." It is considered vital in slowing global warming.

Here's what we know about the fires in the Amazon rainforestEarth Alliance announced that its emergency fund will be dispersed between five local organizations that are"combating the fires, protecting indigenous lands, and providing relief to the communities impacted." They are: Instituto Associacao Floresta Protegida , Coordination of the Indigenous Organizations of the Brazilian Amazon , Instituto Kabu , Instituto Raoni and Instituto Socioambiental .

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