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Bill Gates Announces A New $1 Billion Clean Energy Fund (fortune.com)
And "he's got several billionaire pals on board." An anonymous reader quotes Fortune:
Nearly two dozen of the world's most successful business leaders, entrepreneurs, and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to reduce greenhouse gas emissions to almost zero by financing emerging clean energy technology. The Breakthrough Energy Ventures Fund includes John Doerr, chairman of venture firm Kleiner Perkins Caufield & Byers, Alibaba founder Jack Ma, Khosla Ventures founder Vinod Khosla, former energy hedge fund manager John Arnold, Amazon founder and CEO Jeff Bezos, and SAP co-founder Hasso Plattner...
The new fund, which will have a 20-year lifespan, is designed to be both broad and scientific -- two seemingly contradictory focuses -- in its investment approach. The fund will not be confined to a specific segment of the investment pipeline, which means it will put money into startups at the earliest of stages all the way to companies that have reached commercialization.
Gates said Sunday that "Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world."
The new fund, which will have a 20-year lifespan, is designed to be both broad and scientific -- two seemingly contradictory focuses -- in its investment approach. The fund will not be confined to a specific segment of the investment pipeline, which means it will put money into startups at the earliest of stages all the way to companies that have reached commercialization.
Gates said Sunday that "Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world."
People living under "green energy" recoil in horror as energy prices go through the roof due to FiT programs. Progressives continue to wonder why all those people don't vote for them and, tell their friends that they know what's best for everyone.
Om, nomnomnom...
I was thinking this might be a slightly interesting and valid point until you blew it with the climate change denial tripe. You've fallen victim to the very laziness you're alluding to in the previous commenter. Climate change is real, it's well documented and it's completely undeniable. The extent to which it is man-made is also very much unclear but there's undeniable evidence we're partially to blame and even if we're not, that doesn't make it any less of an issue. Yes, it's true if you avoid researching the subject properly it is possible to come to other conclusions but only in the same way that the catholic church assured people the world was flat. Due to laziness and a lack of correct information, the earth is flat belief stuck around for a fairly long time but I'm rather hoping the climate change isn't happening rubbish will be accepted as such is rather less time.