McKinstry

Bill Gates: Boost federal funds for energy research to fight climate change

There’s an urgent need – recognized by leaders of such venerable corporate giants as Xerox, GE and Lockheed Martin – for the American government to inject a lot of cash in a big hurry into alternative energy research, Microsoft founder Bill Gates told 1,200 climate activists and business people in Seattle on Tuesday.

To head off climate catastrophe, “the innovation piece is so important,” Gates said at a fundraising breakfast for the Seattle-based non-profit Climate Solutions. “The lip service that has been paid to energy innovation over the last few decades is disappointing.”

Gates and others from the upper echelons of the corporate world banded together as the American Energy Innovation Council and pushed hard for a boost in federal energy research spending from $5 billion to $16 billion annually.

“President Obama did see us. He said nice things, and I think he meant them,” Gates joked during an on-stage interview by Jabe Blumenthal, a former Microsoft executive who is co-president of Climate Solutions.

Nevertheless, the CEOs’ bid ultimately was shot down. Gates said that at a less dire time financially, it’s likely the group would have succeeded, and that the executives must keep trying.

Gates advocated research into many different energy sources, including nuclear, solar and wind power, that do not produce the gases scientists say are unnaturally heating the earth’s atmosphere, chiefly carbon dioxide. Many research projects won’t get very far but lots of them should be tried, said Gates, who is known widely for his philanthropy as well as his success at Redmond-based Microsoft.

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