Here are some links to blog posts by Mr Bill Gates (of Melinda and Bill Gates Foundation and formerly Microsoft, as everyone knows) at Gates Notes on the interrelated subjects of Energy and Climate — feel free to filter them through Your own Favorite Interpretative Sunglasses and to reflect them back to Your own mind upon contemplation (or whatever) as well as to those minds of Your friends (or whoever). And don’t miss out on the ensuing blog post discussions!
[ N.B: Though not a fan to Mr Gates in all he does or even says, we think his official views in here on (among other subjects) the interrelated Energy and Climate are discerning, very informative and worth much respect. However, we could only wish for a Gates Foundation Revelation on Recycling and Energy Recovery from fatal Atmospheric Fossil Waste Gases that have set our planet Earth on an accelerating sledge to Perdition. ]
A British The Guardian partial investment report of March 2015 on Gates Foundation’s 2013 tax filing follows below at the bottom section… intriguing indeed, we’ll guarantee. (may be why you’ll hardly ever see their logo in the ads or sponsors sections of Our website…)
A New Model for Investing in Energy Innovation (Dec 12, 2016)
We Need Energy Miracles (June 25, 2014)
Powering the Fight Against Poverty (June 25, 2014)
We Need Clean Energy Innovation and Lots of It (July 29, 2015)
More Momentum for Clean Energy (June 1, 2016)
It Is Surprisingly Hard to Store Energy (Feb 22, 2016)
Progress on Clean Energy (Feb 8, 2016)
Accelerating Innovation with Leadership (Oct 6, 2016)
2016 Annual Letter ➽ chpt. “More Energy” & “Get Involved” (2016)
Catalytic Philanthropy Innovating Where Markets Won’t and Governments Can’t (March 27, 2014)
Two Videos that Illuminate Energy Poverty (June 25, 2014)
Living With Energy Poverty (June 21, 2016)
Who Will Suffer Most From Climate Change (Hint: Not You) (Sep 1, 2015)
Adept at Adapting (Sep 1, 2015)
Energy and Time Quiz (Feb 22, 2016)
All posts (on all subjects) written by Bill or Melinda at the Gates Notes blog
“
People in the developing world will be among the first to suffer the effects of climate change, even though they hardly did anything to cause it.
As we invest in ways to achieve zero-carbon energy, I believe we also have a responsibility to help poor countries adapt to the realities of a changing environment.
The world has solved huge problems before, and I’m confident that we can solve this one through commitment, focus and innovation.
“
Bill Gates
[ N.B: Though not a fan to Mr Gates in all he does or even says, we think his official views in here on (among other subjects) the interrelated Energy and Climate are discerning, very informative and worth much respect. However, we could only wish for a Gates Foundation Revelation on Recycling and Energy Recovery from fatal Atmospheric Fossil Waste Gases that have set our planet Earth on an accelerating sledge to Perdition. ]
Thanks for involving, Bill!
Now take the natural step,
For seeing us Home safely
Below you’ll find a partial investment report of March 2015 on Gates Foundation’s 2013 tax filing, compiled by British The Guardian… very intriguing, we’ll guarantee. (may be why you’ll hardly ever see their logo in the ads or sponsors sections of Our website…)
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Revealed: Gates Foundation’s $1.4bn in fossil fuel investments
March 19, 2015
Analysis of the Bill and Melinda Gates Foundation’s most recent tax filing reveals huge investments in the world’s biggest fossil fuel companies
The charity run by Bill and Melinda Gates, who say the threat of climate change is so serious that immediate action is needed, held at least $1.4bn (£1bn) of investments in the world’s biggest fossil fuel companies, according to a Guardian analysis of the charity’s most recent tax filing in 2013.
The companies include BP, responsible for the Deepwater Horizon disaster in the Gulf of Mexico, Anadarko Petroleum, which was recently forced to pay a $5bn environmental clean-up charge and Brazilian mining company Vale, voted the corporation with most “contempt for the environment and human rights” in the world clocking over 25,000 votes in the Public Eye annual awards.
The Bill and Melinda Gates Foundation and Asset Trust is the world’s largest charitable foundation, with an endowment of over $43bn, and has already given out $33bn in grants to health programmes around the world, including one that helped rid India of polio in 2014.
A Guardian campaign, launched on Monday and already backed by over 95,000 people is asking the Gates to sell their fossil fuel investments. It argues: “Your organisation has made a huge contribution to human progress … yet your investments in fossil fuels are putting this progress at great risk. It is morally and financially misguided to invest in companies dedicated to finding and burning more oil, gas and coal.”
Existing fossil fuel reserves are several times greater than can be burned if the world’s governments are to fulfil their pledge to keep global warming below the danger limit of 2C, but fossil fuel companies continue to spend billions on exploration. In addition to the climate risk, the Bank of England and others argue that fossil fuel assets may pose a “huge risk” to pension funds and other investors as they could be rendered worthless by action to slash carbon emissions.
A landmark report citing climate change published by the Lancet medical journal and University College London concluded that climate change is “the biggest global health threat of the 21st century”.
In their annual letter in January, Bill and Melinda Gates wrote: “The long-term threat [of climate change] is so serious that the world needs to move much more aggressively – right now – to develop energy sources that are cheaper, can deliver on demand, and emit zero carbon dioxide.”
The Guardian analysis of the Gates endowment revealed investments in 35 of the top 200 companies as ranked by the carbon held in their reserves. These included coal giants Anglo American, BHP Billiton, Glencore Xstrata and Peabody Energy, the oil majors Shell, ConocoPhillips, Chevron and Total and Brazilian oil company Petrobras, currently embroiled in a corruption scandal.
“This is very shocking. I never knew that they had so much of this kind of investment,” said Nnimmo Bassey, a Nigerian activist who received the Right Livelihood Award in 2010 for “revealing the full ecological and human horrors of oil production” in the Niger delta where many oil majors operate. “If this is a charity that really care about the health of the people, they ought not to be investing in fossil fuel industries. They should pull back their resources from this sector completely.”
➽ The Gates Foundation’s fossil fuel investments
Bill McKibben, who leads the fast-growing Go Fossil Free campaign, said: “The Gates Foundation has worked so hard to grapple with global poverty. But at the same time they’re investing in the same companies that drive climate change, which endless studies now show is one of the key factors behind … global poverty. The developing world deserves better than this kind of tunnel vision.”
He said: “The great industrial fortune of the 20th century, the Rockefeller oil legacy, has begun aggressively divesting from fossil fuel, arguing explicitly that climate change undermines its philanthropy for a better world. It’s time for the great technological fortune of the 21st century to do likewise.”
Prof Hugh Montgomery, a medical doctor at University College London and one of the authors of the UCL/Lancet study said: “I am backing the Guardian divestment campaign because I support the Gates Foundation and am a great fan of their work. I just want to help them to do more good.”
A spokesman for Bill Gates’s private office said: “We respect the passion of advocates for action on climate change, and recognise that there are many views on how best to address it. Bill is privately investing considerable time and resources in the effort [to develop clean energy].”
The Bill and Melinda Gates Foundation declined to comment on fossil fuel divestment and said all investment decisions were taken by a separate entity, the Asset Trust, which manages the endowment but never makes public comments.
However, the Gates’s charity has a track record of divestment from other sectors, having sold companies linked to the conflict in Sudan and banned tobacco investments. It also sold its stake in a security company G4S, following controversy over its prison contracts in Israel.
The Gates charity investment policy states: “When instructing the investment managers, Bill and Melinda consider issues beyond corporate profits, including the values that drive the foundation’s work. They have defined areas in which the endowment will not invest, such as companies whose profit model is centrally tied to corporate activity that they find egregious. Bill and Melinda regularly re-assess the endowment’s holdings.”
In recent months, the Gates charity sold off its huge stake in ExxonMobil for $766m, which has in the past funded climate change deniers and now argues it is “highly unlikely” that international action on global warming will stop it selling oil and gas “far into the future”. No reason was given and it is unknown whether new fossil fuel investments have been bought.
“At this critical moment in time, if you own fossil fuels, you own climate change,” said Ellen Dorsey, executive director of the $168m Wallace Global Fund, which has fully divested from fossil fuels and now invests in renewables and energy efficiency.
She has worked with many of the 75 other philanthropic organisations that have followed suit. “At a minimum, our investments should not be driving the problems we ask our grantees to solve. And those who acted early avoided the collapse of coal and oil prices. They were rewarded with strong financial returns: doing well while doing good.”
Dorsey said fossil fuel divestment by the Gates charity would be a huge boost for the fight against climate change: “For a foundation with such global prominence to lend its full weight – with grants and investments combined – would be game changing.”
Since you’re here …
➽ Fuelticker — How much oil has been extracted in your lifetime?
Here are all our posts in this blog:
Water. and Air. – – – – – – – – (2016 Nov 27)
Facts. non-Alternative. – – – – – (2017 Feb 20)
News. Terrifying. – – – – – – – (2017 Mar 29)
Zero options? Never. – – – – – – (2016 Dec 05)
Scenarios. and Implications. – – – – (2017 Jan 02)
Gates Notes. on Climate-Energy. – – (2017 Jan 24)
Answers. to Questions. – – – – – (2016 Dec 14)
Testimonials. of Progress. – – – – (2017 Jul 21)
CCR – APS processes – – – – – – (2016 Dec 14)
APS/e3 concept outlines – – – – – (2016 Dec 14)
CatELab-APS/e3 research software – – (2016 Dec 14)
CatELab & APS/e3 integrated processes – (2016 Dec 14)
Here is our corporate website & our funding campaign:
Acwareus Climate-Energy Solutions – official website
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