Seems Bill gets on better with the UK government than the USA!
Yet once again Nigel, you are engaged in gratuitously disparaging and trolling the USA. This needs to STOP! Of course, I have made this statement before on numerous occasions but you continue as the ONLY member here on DCT to habitually
engage in making derogatory and belittling remarks about other nations, particular the USA while always showering the UK with phony, vainglorious adulation.
In this instance, you are presenting a false and misleading perspective on the joint investment partnership with the UK that Bill Gates and Boris Johnson were promoting as if this were some unique and exclusive one-off agreement between Gates personally and Downing Street.
The fact is that Gates, in this particular climate initiative investment is merely promoting the
most recent of many being made around the globe by
Breakthrough Energy's Catalyst Program, including and especially with the US government and American industry.
Breakthrough Energy was founded by Gates in 2015 along with numerous high net worth corporate leaders, philanthropists and institutions, such as Jeff Bezos, Richard Branson, Mark Zuckerberg, Mike Bloomfield, Jack Ma, George Soros, Mark Benioff, Tom Steyer. The University of California, Nat Simmons and others for the purpose of funding clean energy innovation around the globe. Among other things as an umbrella organization, Breakthrough Energy is a venture capital fund that invests primarily in businesses, government climate initiatives and technologies where the risk of failure is high and the timeframe for return on investment is 20 years. Venture funds typically seek return on capital in 5 years.
In December 2016, this group of investors collectively worth US$170 billion announced personal commitments to funding the efforts of this US $1 billion fund "focused on fighting climate change by investing in clean energy innovation". The fund is named the
Breakthrough Energy Ventures Fund.
As for your
spurious claim that "Bill gets on better with the UK government than the USA", you should consider the fact that in August, Breakthrough Energy’s Catalyst program and the United States government via Energy Secretary Jennifer Granholm "announced a collaboration that will accelerate the adoption of next generation clean technologies". This is a 1.5 billion dollar initiative in large-scale infrastructure projects necessary to bring clean technologies to market. The £400 UK partnership just announced by Gates and Johnson is only a third of this amount. So, who is getting along better with whom?
Bill Gates has raised hundreds of millions from seven U.S. firms to develop clean technologies that could play a key role in the fight against climate change.
www.cnbc.com