$20 Billion Climate Honeypot Announced

A two-pronged public-private “investment fund” for renewable energy was announced Monday, from Paris, with psycho-killer Barack Obama appearing with tech tycoon cum philanthropist Bill Gates for the announcement. Twenty nations have agreed to join the Mission Innovation fund, Obama said, through which (according to their website) they will “seek to double [their respective] governmental and/or state-directed clean energy research and development investment over five years,” for a fund worth $20 billion. From the private side, Gates has pulled together “28 investors from 10 countries” for what he calls the Breakthrough Energy Coalition, which will, separately but in tandem with governments, seek to “drive innovation from the laboratory to the marketplace.” While the sharks won’t say just how much they will invest, Gates, himself has reportedly pledged upwards of a billion dollars.

For the event, Gates wrote a paper titled, “Energy Innovation,” in which he says the goal is to bring the “cost premium” for renewables down to the level of coal. The truth is that this is a fool’s errand, since the energy density of “renewables” (primarily solar and wind) is a mere fraction of the “black demon,” coal (not to mention nuclear fission or fusion-based power). The reality is that this fund will serve — from the government side — to bribe recalcitrant governments, or — from the private side — to siphon off emerging talent into the morals-free “get rich quick” technology/venture capital world of Silicon Valley. It will not raise anyone’s standard of living, except maybe the billionaire funders.

In that light, it is useful to see just exactly who is involved (and from where) in this global, fascist network. From the tech side, we have Bill Gates (co-founder, Microsoft), Reid Hoffman (founder, LinkedIn), Jeff Bezos (founder, Amazon), Marc Benioff (founder, SalesForce), Mark Zuckerberg (co-founder, Facebook) and his wife Dr. Priscilla Chan (a pediatrician), and Meg Whitman (former CEO, Hewlett Packard).

Silicon Valley venture capitalists Vinod Khosla and John Doerr, Tom Steyer (former hedge fund manager, now with Next Generation Climate), Julian Robertson (Tiger hedge fund), Nat Simons and wife Laura Baxter-Simons (Prelude Ventures), Ray Dalio (Bridgewater Associates), “retired” hedge fund manager John Arnold and George Soros (Soros Fund, Open Society Institute).

From Europe: Chris Hohn (TCI “Children’s” hedge fund, U.K.), Richard Branson (Virgin Group, U.K.), Xavier Niel (Iliad Group, France), Hasso Plattner (SAP software, Germany).

From Asia and Africa: Saudi Prince Alwaleed bin Tabal, Aliko Dangote (Dangote Group, Nigeria), Patrice Motsepe (Africa Rainbow Minerals, South Africa), Jack Ma (Alibaba, China), Neil Shen (Sequia Capital, China), Ms. Zhang Xin and Mr. Pan Shiyi (co-founders, SOHO China), Masayoshi Son (SoftBank Group, Japan), Mukesh Ambani (Reliance Industries, Ltd., India), Ratan Tata (Tata Sons, India), and the investment office of the University of California.