BILL GATES BRINGS $2BIL TO NEW ENERGY

Bill Gates to invest $2bn in breakthrough renewable energy projects; Bill Gates plans to double investment in green energy technology and research to combat climate change, but rejects calls to divest from fossil fuels

Emma Howard, 29 June 2015 (The Guardian)

“…[Bill Gates will invest $2bn] in renewable technologies initiatives, but rejected calls to divest from the fossil fuel companies that are burning carbon at a rate that ignores international agreements…[Gates will] double his current investments in renewables over the next five years in a bid to ‘bend the curve’ on tackling climate change…[The Bill and Melinda Gates Foundation] currently has $1.4bn invested in fossil fuel companies…[but Gates said divestment] would have little impact…Instead he said there was an urgent need for ‘high risk’ investments in breakthrough technologies…[He said] a ‘miracle’ on the level of the invention of the automobile was necessary to avoid a climate catastrophe…[because] current renewables are not yet close to being able to meet projected energy needs by 2030…[Innovation, he said,] is the only way to reach a positive scenario…” click here for more

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