Why don’t these billionaire philanthropists like Gates just stop their foundations and pay their fair share of taxes. The media everywhere has been fawning over Bill Gates and his new book, How To Avoid A Climate Disaster. But should we really be listening to the world’s third wealthiest man for advice? If his suggestions and plans of action were wise and useful then maybe. Microsoft founder Bill Gates has an estimated net worth of $129 billion. His incalculable possessions, hugely destructive habits, and the massive investments of his opaque charitable trust, do everything to contradict his message that he’s the man with the plan to solve climate change. The fundamental point is that the richer you are, the bigger your ecological footprint. There’s no escaping it. He is chairman of TerraPower, a nuclear reactor design company which has put no energy into the power grid. In October 2020, the United States Department of Energy gave TerraPower a grant of $400 million rising to $4 billion over the next seven years towards building a demonstration reactor. For reasons like this, Schwab calls Gates’ book “a long-winded advertisement for his investments”. Gates uses it to appeal to the US government to become a co-investor in TerraPower.
The Fifth State 23rd Feb 2021 read more »