Bill Gates Will Donate 1.5 Billion Against Climate Change
Bill Gates will donate 1.5 billion against climate change if the US passes the infrastructure law. Otherwise, it will invest that money in projects in Europe and Asia. Congress is waiting for the Senate to pass the spending bill.
Bill Gates, co-founder of Microsoft, has pledged to allocate $ 1.5 billion from his climate fund to joint projects with the United States government to fight climate change, on one condition: that Congress pass the infrastructure bill. of the Senate , of 1.2 trillion dollars. If he does not receive the green light, Gates has told the Wall Street Journal that he could then invest that money in larger projects in Europe and Asia.
If approved by the House of Representatives, the project, which is part of President Joe Biden’s plan to reduce greenhouse gas emissions, will allocate $ 25 billion for Department of Energy projects that demonstrate the feasibility of the clean energy technologies for widespread adoption.
For his part, Bill Gates, through his fund managed by his company Breakthrough Energy, would finance for three years the development of projects focused on zero-emission jet fuel, long-term energy storage, green hydrogen and direct capture from the air. In addition, it would create immediate and long-term jobs across the country.
Although it appears to have the necessary support to pass, it could take months for Congress to give the project the green light. That’s because House Speaker Nancy Pelosi wants the Senate to pass a $ 3.5 trillion spending bill first . Until then, the vote will not take place.
Bill Gates, co-founder of Microsoft, has pledged to allocate $ 1.5 billion from his climate fund to joint projects with the United States government to fight climate change, on one condition: that Congress pass the infrastructure bill. of the Senate , of 1.2 trillion dollars. If he does not receive the green light, Gates has told the Wall Street Journal that he could then invest that money in larger projects in Europe and Asia.
If approved by the House of Representatives, the project, which is part of President Joe Biden’s plan to reduce greenhouse gas emissions, will allocate $ 25 billion for Department of Energy projects that demonstrate the feasibility of the clean energy technologies for widespread adoption.
For his part, Bill Gates, through his fund managed by his company Breakthrough Energy, would finance for three years the development of projects focused on zero-emission jet fuel, long-term energy storage, green hydrogen and direct capture from the air. In addition, it would create immediate and long-term jobs across the country.
Although it appears to have the necessary support to pass, it could take months for Congress to give the project the green light. That’s because House Speaker Nancy Pelosi wants the Senate to pass a $ 3.5 trillion spending bill first . Until then, the vote will not take place.
