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Gates calls for “zero emissions” but invests more in private jet company

Bill Gates new book is called “How To Avoid A Climate Disaster”.

Microsoft founder Bill Gates has called for “zero greenhouse gas emissions” only weeks after increasing his shareholding in a private-jet base company.

On Febuary 5th, The Wall Street Journal reported that Mr. Gates company, Cascade Investment LLC, had increased its stake in Signature Aviation PLC, “the world’s largest operator of private-jet bases”.

His company’s stake will climb from 19 percent to 30 percent following the $4.7 billion investment by three companies in total.

Yesterday’s release of Bill Gates’ new book on “climate disaster” sparked a flurry of online debate about his commitment to the environment however.

In the book, Gates argues that radical measures are needed in order to avert what he foresees as an impending climate disaster, insisting that the world must reduce its greenhouse gas emissions to zero.

“The case for zero was, and is, rock solid,” Gates writes in his new book.

“Setting a goal to only reduce our emissions — but not eliminate them — won’t do it. The only sensible goal is zero.”

Gates admits that getting to zero greenhouse gas emissions would require significant sacrifices from what he calls a “growing global movement”.

“The bad news,” he says, is that “getting to zero will be really hard”, but his book contains “a concrete plan” for achieving this.

The Wall Street Journal noted in its report that private jet travel has not been impacted to the same degree as commercial flights during the Covid-19 lockdowns.

“Bill Gates is doubling down on private-jet travel, as the niche industry recovers more quickly amid the coronavirus pandemic than the wider commercial aviation market.”

Commercial flights have “fallen sharply amid travel restrictions, quarantine rules and steep reductions in flights operated by cash-strapped airlines”, in contrast to private air travel which has “bounced back quicker.”

Whilst commercial travel “was down 50 percent in January from a year earlier, business aviation travel — a key indicator for the private-jet business — was down just 9 percent,” according to the Wall Street Journal.

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