The 27th UN Conference on Climate Change, COP27, saw a pronouncement from French President Emmanuel Macron that the Bezos Earth Fund had pledged $1 billion to protect carbon reserves and biodiversity. With such a prominent pledge, many have begun to ask, what is the Earth Fund, and where is it situated in the architecture of global environmental governance? Non-state actors are not new to the area, with NGOs and activists becoming increasingly prominent at these international conferences. But philanthropic groups like the Bezos Earth Fund are comparatively new. While they may be able to bring large amounts of money to the table, these actors raise concerns about legitimacy and the power of wealthy individuals like Jeff Bezos. As a result, the fund and its plans are worth a closer look.