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Posts Tagged ‘Breakthrough Energy’

EconomicPolicyJournal.com: What Bill Gates is Really Up To

Posted by M. C. on February 23, 2021

“I have no problem with a guy making investments wherever he wants, that is the American way. But when such an investor attempts to sway governments to move the entire world, through regulation, in a direction that will benefit him that is a different story. It appears we are at the “different story” stage when it comes to Bill Gates.”

No doubt the plan is to turn the land into producing crops that will be the ingredients of the fake hamburgers that he says rich countries must adopt.

Look for climate lockdown.

https://www.economicpolicyjournal.com/2021/02/what-bill-gates-is-really-up-to.html

Bill Gates is out with a new book, How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need

He is hitting the talk show circuit promoting the book and the idea that the planet is headed for a major climatological disaster that will end the human species.

Setting aside as to whether or not there is some climatological disaster developing, Gates’ book should really be named “How I Plan to Make Even More Billions By Getting Governments to Fund Every Mad Scheme I Have Invested In”.

Gates would like for you to think of him as the sweater-wearing billionaire next door.

The only association he lists on his LinkedIn page is the Bill & Melinda Gates Foundation.

In reality, he is running vast enterprises in many sectors of the economy.

He has invested in a company that is trying to produce lab-made “breast” milk.

He is now the owner of more farmland than anyone else in the United States:

No doubt the plan is to turn the land into producing crops that will be the ingredients of the fake hamburgers that he says rich countries must adopt.

Since he runs his operations privately, it is difficult to know everything he is invested in but it appears that everything he is promoting that is visible (along with his demands for government action) is usually tied up with massive personal investments made by him.

One sector where he has vast investments, that may be too difficult to hide since he has brought on too many billionaire buddies as partners, is the energy sector. With so many partners, something might leak so he is being a bit transparent about his investments.

He even mentions offhandedly his energy enterprise, Breakthrough Energy, in his new book and reports how he roped in his billionaire pals to join him, curiously, just before the Paris Agreement was signed:

In September, two months before the Paris conference started, I emailed two dozen wealthy acquaintances, hoping to persuade them to commit venture funding to complement the government’s new money for research. Their investments would need to be long-term – energy breakthroughs that can take decades to develop – and they would have to tolerate a lot of risk. To avoid the potholes that the venture capitalists had run into, I committed to help build a focus team of experts who would vet the companies and help them navigate the complexities of the energy industry.

I was delighted by the response. The first investor said yes in less than 4 hours. By the time the Paris conference kicked off two months later, 26 more had joined, and we had named it the Breakthrough Energy Coalition. Today, the organization now known as Breakthrough Energy includes philanthropic programs, advocacy efforts, and private funds that have invested in more than 40 companies with promising ideas.

Note he is clearly talking about investments here and not non-profit donations. 

So just who might be in this group that Gates summoned via email to send checks?

Breakthrough Energy lists as among its investors:

  • Jeff Bezos, (founder of Amazon and owner of The Washington Post)
  • Saudi billionaire HRH Prince Alwaleed bin Talal
  • Michael Bloomberg, founder and owner of Bloomberg News
  • Richard Branson
  • The manager of the largest hedge fund in the world, Ray Dalio
  • Reid Hoffman, co-founder of Linked-In
  • Abigail P. Johnson, chairman of the parent company of the Fidelity mutual fund company 
  • Jack Ma of Alibaba Group
  • David Rubenstein of The Carlyle Group
  • Ben & Lucy Ana Walton (WalMart)

It is quite the list. With this group as part of his investment team, he has some pretty serious players who now have an incentive to not promote a narrative about climate change that is different from that of Gates.
Oh, and by the way,  Breakthrough Energy has ten senior “policy advocates.” Yes, ten, including the following who are all Washington D.C. based:

  • Allison Zelman, Director, U.S. Policy and Advocacy, has worked in three Presidential cycles, in senior roles on the Hillary Clinton campaign and both Obama Presidential campaigns. She founded the Obama Alumni Association and lives in Washington, D.C.
  • Conor Hand, Manager, U.S. Policy and Advocacy, among other work has done stints with Bernie 2016, and the Chan Zuckerberg Initiative.
  • Robin Millican, Director, U.S. Policy and Advocacy, was a senior strategy consultant at Booz Allen Hamilton.
  • Abigail Regitsky, Senior Associate, U.S. Policy and Advocacy, was professional staff for the majority on the House Select Committee on the Climate Crisis
  • Cristina Shoffner, Associate, U.S. Policy and Advocacy, worked as policy advisor to U.S. Senator Debbie Stabenow and Senate Democratic Leadership and prior to her Senate work, she was appointed to the White House Council on Environmental Quality under President Obama.

Got the picture? From this one Gates operation alone, there is a massive high-level influence operation promoting the Gates “the world is coming to an end” theme with a slew of billionaires backing the operation.
Here are the firms Breakthrough Energy has publicly disclosed it has investments in:

  • 1366 Technologies, a solar wafer company
  • 75F, a smart sensor company
  • Arnergy, replaces foosil fuel generators with modularized solar +lithium ion storage systems in emerging markets
  • Baseload Capital, invests in sustainable heat power plants
  • Biomilq, cultured breastmilk production
  • Boston Metal, produces steel with less CO2 emissions
  • C16, produces sustainable alternatives to palm oil using biotechnology
  • Carbon Cure, decarbonizes concrete
  • CommonWealth Fusion Systems, fusion energy
  • DMC,  microbial fermentation
  • enVerid, an air quality company
  • ESS, specializes in a “cleaner future”
  • Fervo Energy, a geothermal energy company
  • Form Energy, long duration energy storage
  • KoBold Metals, increases “ethical” supply of battery storage
  • Lilac Solutions, transforming lithium production from brine resources to enable exponential growth of electric vehicles
  • Malta, grid scale energy storage
  • Max, building technology infrastructure and financial services for urban mobility in Africa
  • Motif, A food ingredients company offering sustainable alternative proteins and ingredient solutions for innovative food producers
  • Natel Energy, Delivering sustainable, reliable, renewable energy from moving water with innovations that restore and reconnect watersheds
  • Natures Fynd, a food tech company producing a new-to-the-world sustainable protein
  • Pachama, unlocking the full potential of forests to remove carbon using AI and satellites
  • Pivit Bio,  a new source of nitrogen for regenerative agriculture
  • Quantumscape, reinventing the battery for electric vehicles
  • Quidnet, powers the carbon-free electric grid with long duration Geomechanical Pumped Storage
  • Redwood, building a sustainable future by creating circular supply chains, turning waste into profit and solving the environmental impacts of new products.
  • Sierra Energy, “The path to zero waste”
  • Source, perfect water for every person in every place by making drinking water an unlimited resource around the world. 
  • SparkMeter offers grid-management solutions that enable utilities in emerging markets to run financially-sustainable, efficient, and reliable systems. 
  • ZeroAvia, “the first practical zero-emission aviation powertrain.”

Just take a look at the above list again, Gates has every possible anti-fossil fuel angle covered.
Every time, he is promoting his climate disaster theme because of fossil fuels, he is pushing spending in the direction of the companies above.
I can’t even imagine the amount of money he is pumping into these companies with his crony buddies. Remember, Gates alone is worth $129 billion. It would be nothing for him to pump in a billion dollars on his own. Combined with his buddies, it must be an enormous amount of money.
And who knows what Gates has invested in other sectors where he feels no pressure to disclose.
I have no problem with a guy making investments wherever he wants, that is the American way. But when such an investor attempts to sway governments to move the entire world, through regulation, in a direction that will benefit him that is a different story. It appears we are at the “different story” stage when it comes to Bill Gates.
RW

Be seeing you

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Climate and the Money Trail

Posted by M. C. on December 6, 2019

Back in 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, “…one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore, with problems such as deforestation or the ozone hole.” Since then the economic policy strategy has become far more developed.

https://journal-neo.org/2019/09/25/climate-and-the-money-trail/

Author: F. William Engdahl

Climate. Now who wudda thought. The very mega-corporations and mega-billionaires behind the globalization of the world economy over recent decades, whose pursuit of shareholder value and cost reduction who have wreaked so much damage to our environment both in the industrial world and in the under-developed economies of Africa, Asia, Latin America, are the leading backers of the “grass roots” decarbonization movement from Sweden to Germany to the USA and beyond. Is it pangs of guilty conscience, or could it be a deeper agenda of the financialization of the very air we breathe and more?

Whatever one may believe about the dangers of CO2 and risks of global warming creating a global catastrophe of 1.5 to 2 degree Celsius average temperature rise in the next roughly 12 years, it is worth noting who is promoting the current flood of propaganda and climate activism.

Green Finance

Several years before Al Gore and others decided to use a young Swedish school girl to be the poster child for climate action urgency, or in the USA the call of Alexandria Ocasio-Cortez for a complete reorganization of the economy around a Green New Deal, the giants of finance began devising schemes for steering hundreds of billions of future funds to investments in often worthless “climate” companies.

In 2013 after years of careful preparation, a Swedish real estate company, Vasakronan, issued the first corporate “Green Bond.” They were followed by others including Apple, SNCF and the major French bank Credit Agricole. In November 2013 Elon Musk’s problem-riddled Tesla Energy issued the first solar asset-backed security. Today according to something called the Climate Bonds Initiative, more than $500 billion in such Green Bonds are outstanding. The creators of the bond idea state their aim is to win over a major share of the $45 trillion of assets under management globally which have made nominal commitment to invest in “climate friendly” projects.

Bonnie Prince Charles, future UK Monarch, along with the Bank of England and City of London finance have promoted “green financial instruments,” led by Green Bonds, to redirect pension plans and mutual funds towards green projects. A key player in the linking of world financial institutions with the Green Agenda is outgoing Bank of England head Mark Carney. In December 2015, the Bank for International Settlements’ Financial Stability Board (FSB), chaired then by Carney, created the Task Force on Climate-related Financial Disclosure (TCFD), to advise “investors, lenders and insurance about climate related risks.” That was certainly a bizarre focus for world central bankers.

In 2016 the TCFD along with the City of London Corporation and the UK Government initiated the Green Finance Initiative, aiming to channel trillions of dollars to “green” investments. The central bankers of the FSB nominated 31 people to form the TCFD. Chaired by billionaire Michael Bloomberg of the financial wire, it includes key people from JP MorganChase; from BlackRock–one of the world’s biggest asset managers with almost $7 trillion; Barclays Bank; HSBC, the London-Hong Kong bank repeatedly fined for laundering drug and other black funds; Swiss Re, the world’s second largest reinsurance; China’s ICBC bank; Tata Steel, ENI oil, Dow Chemical, mining giant BHP Billington and David Blood of Al Gore’s Generation Investment LLC. In effect it seems the foxes are writing the rules for the new Green Hen House.

Bank of England’s Carney was also a key actor in efforts to make the City of London into the financial center of global Green Finance. The outgoing UK Chancellor of the Exchequer, Philip Hammond, in July 2019 released a White Paper, “Green Finance Strategy: Transforming Finance for a Greener Future.” The paper states, “One of the most influential initiatives to emerge is the Financial Stability Board’s private sector Task Force on Climate-related Financial Disclosures (TCFD), supported by Mark Carney and chaired by Michael Bloomberg. This has been endorsed by institutions representing $118 trillion of assets globally.” There seems to be a plan here. The plan is the financialization of the entire world economy using fear of an end of world scenario to reach arbitrary aims such as “net-zero greenhouse gas emissions.”

Goldman Sachs Key Actor

The omnipresent Wall Street bank, Goldman Sachs, which spawned among others ECB outgoing President Mario Draghi and Bank of England head Carney, has just unveiled the first global index of top-ranking environmental stocks, done along with the London-based CDP, formerly the Carbon Disclosure Project. The CDP, notably, is financed by investors such as HSBC, JPMorgan Chase, Bank of America, Merrill Lynch, Goldman Sachs, American International Group, and State Street Corp.

The new index, called CDP Environment EW and CDP Eurozone EW, aims to lure investment funds, state pension systems such as the CalPERS (the California Public Employees’ Retirement System) and CalSTRS (the California State Teachers’ Retirement System) with a combined $600+ billion in assets, to invest in their carefully chosen targets. Top rated companies in the index include Alphabet which owns Google, Microsoft, ING Group, Diageo, Philips, Danone and, conveniently, Goldman Sachs.

Enter Greta, AOC and Co.

At this point events take on a cynical turn as we are confronted with wildly popular, heavily promoted climate activists such as Sweden’s Greta Thunberg or New York’s 29-year-old Alexandria Ocasio-Cortez and the Green New Deal. However sincere these activists may be, there is a well-oiled financial machine behind promoting them for gain…

On October 17, 2018, days following the EU agreement at the One Planet Summit, Juncker’s EU signed a Memorandum of Understanding with Breakthrough Energy-Europe in which member corporations of Breakthrough Energy-Europe will have preferential access to any funding.

The members of Breakthrough Energy include Virgin Air’s Richard Branson, Bill Gates, Alibaba’s Jack Ma, Facebook’s Mark Zuckerberg, HRH Prince Al-waleed bin Talal, Bridgewater Associates’ Ray Dalio; Julian Robertson of hedge fund giant, Tiger Management; David Rubenstein, founder Carlyle Group; George Soros, Chairman Soros Fund Management LLC; Masayoshi Son, founder Softbank, Japan. 

Make no mistake. When the most influential multinational corporations, the world’s largest institutional investors including BlackRock and Goldman Sachs, the UN, the World Bank, the Bank of England and other central banks of the BIS line up behind the financing of a so-called green Agenda, call it Green New Deal or what, it is time to look behind the surface of public climate activist campaigns to the actual agenda. The picture that emerges is the attempted financial reorganization of the world economy using climate, something the sun and its energy have orders of magnitude more to do with than mankind ever could—to try to convince us ordinary folk to make untold sacrifice to “save our planet.”..

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