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

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. Once upon a Time in Hollywood [4K UHD]