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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."

2 of 121 comments (clear)

  1. Re:Deja vu by Anonymous Coward · · Score: 5, Insightful

    Er?

    Surely the salient differences are

    - Gates isn't in government
    - he didn't run for election on the basis of 'draining the swamp' of corruption
    - he didn't run for election on the basis of representing individuals against globalists

    Do you even know for sure that Gates is a liberal?

  2. Re:Deja vu by Freischutz · · Score: 5, Insightful

    Er?

    Surely the salient differences are

    - Gates isn't in government - he didn't run for election on the basis of 'draining the swamp' of corruption - he didn't run for election on the basis of representing individuals against globalists

    Do you even know for sure that Gates is a liberal?

    I don't care if Gates is liberal or conservative, he seems to be sane and rational on a bunch of stuff ranging from Pandemics like Malaria to clean energy and climate change so I applaud his efforts.