Intel CEO Bill Gates will step down from his position as chair of the International Brotherhood of Electrical Workers, the organization announced Wednesday.
The board of the organization said in a statement that Gates will serve out the remainder of his term, beginning on January 1, 2021.
Gates will then step down.
Gates’ departure will be effective January 1.
He is expected to leave a $100 million endowment fund, the statement said.
The organization did not specify the amount of Gates’ endowment.
Gates, the world’s richest person, is also expected to contribute $10 million to the American Red Cross.
Gates, 62, became the second billionaire in a week to resign in protest at President Donald Trump’s decision to pull the United States out of the Paris climate agreement.
He was fired on Tuesday.
Gets up and walks away after saying “no” to Trump’s climate action plan (ABC News)Gates will continue to serve as chairman of the international organization until his retirement.
The International Brotherhood has a membership of more than 2.5 million members around the world, including more than 100,000 in the U.S.
Gats departure is significant because it is the first time in history that a major U.N. leader has resigned over climate change.
The first person to resign over climate was in 1997, when China’s Deng Xiaoping did so.
The group also said Gates will not participate in any future board meetings, meetings of the executive committee of the union, the union’s annual general meeting, or any other board of its membership.
Gases resignation comes as a wave of resignations and strikes by union members, many of them in the United Kingdom, has rocked industries from manufacturing to construction.
Gaters resignation comes just a few weeks after Trump said the United Nations would move forward on a global climate change agreement, a decision that has caused some to question whether the United Sates leadership on the issue will ever be recognized by the global body.
Groups that oppose Trump, including Greenpeace, have accused the president of undermining U.
Ns credibility by pushing for a climate change deal that would put the UnitedS in violation of the agreement.
The president, however, has dismissed that accusation and said that if countries can’t make a deal to fight climate change, the US. will be left to shoulder the costs.