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re: Bill Gates: Why I’m investing $1 billion into clean energy

Posted on 8/4/15 at 7:51 pm to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71295 posts
Posted on 8/4/15 at 7:51 pm to
Kudos to him. I have no problem with an entrepuenuer investing their own money.
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4959 posts
Posted on 8/4/15 at 7:58 pm to
quote:

We are decades away from anything resembling affordable clean energy.


Nuclear power. Its super efficient, clean, and yes, very safe.
Posted by slackster
Houston
Member since Mar 2009
84585 posts
Posted on 8/4/15 at 8:17 pm to
quote:

That man is 59 years old and his net worth is $79.3 billion.



Assuming all of that money was invested in tax-free municipal bonds yielding 4%, if his money stopped earning interest while Bill Gates stopped to pick up a $100 bill on the sidewalk, he would have lost money.

If Bill Gates made $50 every time he took a step, and walked non stop for a full year (54,750,000 steps), he would cost himself $435 million in interest.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73674 posts
Posted on 8/4/15 at 8:22 pm to
Did that dude use C°?

I will never trust someone who lectures me on America while using the metric system.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35328 posts
Posted on 8/4/15 at 9:03 pm to
quote:

Nuclear power. Its super efficient, clean, and yes, very safe.



Yeah? What's a nuclear power plant cost to build and operate safely?
Posted by ChiSaint
Silicon Valley, CA
Member since Feb 2008
366 posts
Posted on 8/4/15 at 10:10 pm to
quote:

He can give everybody in the country 5 million and it wouldn't even be 1/70 of what he has


Please tell me you're joking. Otherwise, the state of math education in this country truly saddens me.

For the record, $5,000,000 x 320,000,000 (population)= $1,085,000,000,000,000 (approx. $1.1 quadrillion dollars).
Posted by Redbone
my castle
Member since Sep 2012
18821 posts
Posted on 8/4/15 at 10:49 pm to
Some people just want to add to their post count. Relevance and accuracy bedamed. Thanks for the math to straighten out his screwup.
Posted by ChEgrad
Member since Nov 2012
3254 posts
Posted on 8/4/15 at 11:07 pm to
quote:

Don't tell that to all the far right wing bomb throwers on the poli board - they'll insist that Gates is "naive" and a "liberal puppet"


This right wing bomb thrower is all for private investors working on clean energy. That is the best way to do it.
Posted by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18183 posts
Posted on 8/4/15 at 11:09 pm to
Well of course he does not want his estate to pay the federal inheritance tax.
Posted by The Boat
Member since Oct 2008
164002 posts
Posted on 8/4/15 at 11:11 pm to
Heres to you, Bill Gates. Poo water for everyone.

Posted by vengeanceofrain
depends
Member since Jun 2013
12465 posts
Posted on 8/4/15 at 11:18 pm to
because there is only so much blow a person can do
Posted by Filtiger
Philippines
Member since Apr 2009
352 posts
Posted on 8/5/15 at 12:17 am to
quote:

I'm sure he inherited his fortune like every other billionaire. He's probably just feeling guilty about all the damage done by his slave-trading, bison-killing ancestors.


Do you know who Bill Gates is?
Posted by Dijkstra
Michael J. Fox's location in time.
Member since Sep 2007
8738 posts
Posted on 8/5/15 at 1:40 am to
quote:

Answer: He needs the write off. Taxes are a bitch.


You can say that about most of the incredibly rich, but Bill Gates is pretty committed to using his money to make the world a better place.

I love how renewable, clean energy is seen as such a "liberal" thing. We need to lessen our dependence on oil regardless of what you believe about climate change. Sure, we'll need it for plastic and other stuff, but the more of the air pollution we take out of the equation the better. Just because Al Gore mentioned it doesn't make trying to do better for the sake of the planet a terrible thing.
Posted by chauncey1
Member since May 2010
291 posts
Posted on 8/5/15 at 2:33 am to
Climate change is real. The question should be causality and significance. Man's impact is significantly exaggerated.
Fact of the matter is we know the Great Lakes were made by glaciers. Industrial revolution started ~250 years ago. The lakes are older than 250 years... Was it CO2 emissions from cars? There is a plethora of geologic evidence proving changing environments.
Man struggles with change and thinks he's more important than he is... People are stupid and don't think for themselves. Bad "science" builds on itself. Environmentalism is damn near a religion.
All that being said, good for Bill Gates. His motives are misguided, but attempts for innovation should be encouraged. We were burning whale oil not long ago. More economic and sustainable resources are good for the world.
Hopefully for my personal financial situation I will be retired, before a solution is market ready!

Posted by bcoop199
Kansas City, MISSOURI
Member since Nov 2013
6642 posts
Posted on 8/5/15 at 3:03 am to
Prove that there has been warming the last 15 years. Second this is how clean energy should move forward...by the private sector not by the government which is usually just given to their buddies.
Posted by Dijkstra
Michael J. Fox's location in time.
Member since Sep 2007
8738 posts
Posted on 8/5/15 at 3:08 am to
quote:

Prove that there has been warming the last 15 years.


Wasn't 2014 the warmest year in recorded history with 2015 trending to possibly pass it up? Not to mention, the past few Winter seasons have been exceptionally cold, which global warming was expected to cause, as well.

The point isn't that anyone thinks this hasn't happened before. The concern of many in the scientific community is how much of this are we responsible for and what unforeseen consequences will an accelerated climate change on a large scale cause?

EDIT: I want to add that "prove it!" is not the way to approach any science. The Scientific Method is very strongly based in disproving things, and it takes a HELL of a lot of people in agreement for anything to go past "theory" stage. No one can "prove" global warming is happening until we experience a long period of accelerated change. It's like asking science to "prove that God doesn't exist". That's not the point. There is no way to prove or, in that example, disprove it so we don't exactly put resources towards it. We can't disprove that global warming is happening, and therefore, we need to be mindful of it.

Until companies are forced to make progress, they'll do whatever cuts costs and increases the profit margins immediately. I'm not saying go crazy, but harsher rules need to be put in place.
This post was edited on 8/5/15 at 3:19 am
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67533 posts
Posted on 8/5/15 at 3:31 am to
quote:

Everyone here should be fine with him investing his own money.



absolutely

it will create some jobs too

my prediction is that this enterprise won't find the energy panacea it is looking for,
but it may well stumble upon other worthy discoveries along the way
Posted by bcoop199
Kansas City, MISSOURI
Member since Nov 2013
6642 posts
Posted on 8/5/15 at 3:33 am to
Posted by Dijkstra
Michael J. Fox's location in time.
Member since Sep 2007
8738 posts
Posted on 8/5/15 at 4:52 am to
That site seems to be very against global warming with a recent article championing someone battling "warmists". That is hardly an unbiased source. The Earth is almost certainly warming, but the debate is whether or not we are responsible for this or whether or not we're dramatically accelerating the process. I'm not some global warming activists, but I think it's a topic easily dismissed by people who are accepting arguments from sources who are not qualified to make said arguments using faulty science to support them. Some mentioned "bad science" earlier, but most disputes to the issue of global warming are riddled with bad science. Any argument that is centered around whether or not warming is occurring is frankly a joke. Warming is taking place, and the only true dispute is what our contribution to this event is and what the consequences could be.

First of all, measuring surface air temperature is not some smoking gun, and it ignores the amount of heat absorbed by the ocean, which conveniently leaves out more than 95% of warming on the planet. This is called coverage bias. In fact, trusted data sets show a 0.2°C shift upwards in global surface air temperatures, which alone indicates the Earth is warming slightly regardless of whether it is a result of natural or man-made cause. Not to mention, the chart on that site includes the El Niño events, which creates a smokescreen for what is clearly a gradual increase in temperature. This is just using the most basic, untrusted metric possible that you have chosen as the basis for your argument.

First of all, the amount of carbon dioxide in the atmosphere is dramatically higher than it was only 50-60 years ago, and far beyond the amount ever in recorded history. Models estimate that the current levels (~400 ppm) are up to 33% higher than the highest estimates dating back up to 500,000 years. Now, 0.2°C increases just in surface air temperature seem like very little, but it's almost universally accepted that an increase of 2°C would be very dangerous. With so much ignored in measuring surface temps alone, climate sensitivity has been used to more accurately get a look at the "bigger picture" in terms of climate change. Using models of past events, it is estimated that a doubling of Carbon Dioxide in the atmosphere can lead to an increase between 1.5 and 4.5°C. Current models estimate that without any changes we could easily eclipse 900 ppm by 2100, and even if we avoid that fate, we're still in for a rise as low at 1.5°C up to a terrifying 7°C by 2100. Let's not forget that there are many, many other factors in "global warming".

Also, let's not forget about things like increases in ocean temperature, rising sea levels, ocean acidification, shrinking ice sheets and snow cover, and declining arctic ice. All of these things point to a gradual warming event. This is not something taking place over 20 years, but instead, it's something taking place over the past 100 years.

It is possible that this sort of thing is an event that takes place naturally. The problem is that our contribution to the increased level of Carbon Dioxide is damn near completely quantifiable. It is, again, generally accepted that current models are accurate in terms of the comparisons between current data and historical estimates. We are pumping CO2 into the atmosphere at an alarming rate.

None of this "proves" that global warming exists, but it is considered basic knowledge that the Earth is indeed warming. We also have an idea of what natural increases of greenhouse gases into the atmosphere can lead to. This leads many to the belief that even a natural warming event would be intensified quite a bit due to the drastic increase of CO2 in the atmosphere within the last 100 years alone. That is why scientists lean towards pushing for clean and renewable resources. The goal is to slow the amount of greenhouse gases humans are contributing to the atmosphere to ride this event out instead of waiting until things have gone awry 90 years from now to scramble for a solution. I'm not even that big into the global warming debate, but the science behind it shows very concrete reasons why to support tougher rules in place and a push towards more clean, renewable energy. It's a fool's game to look at this issue in such a limited time frame and make a decision. Take all of the politics out of this shite, and it's very easy to understand why this issue is something we should take seriously. You not driving a big arse truck won't change much, but every big arse truck running more cleanly would make a difference for sure. This is an issue where one is forced to think both on the macro level and on a larger timespan than 20-50 years to truly get a true understanding for why the Scientific Community (not politicians or companies looking to cash in) is recommending these changes.

If you're interested on where I got any of my data cited here, here's a few links:
NOAA: Climate Change Indicators
NASA: Evidence for Rapid Climate Change
Coverage bias in the HadCRUT4 temperature series and its impact on recent temperature trends
Making sense of paleoclimate sensitivity


TL;DR: Measuring surface air temperatures, which actually does indicate slight warming, does very little to explore the possibility of a warming event. There are many, many metrics used to study this, and one of the most important is CO2 in the atmosphere and our contribution to a rapid increase in the amount of it. It is generally accepted that the Earth is indeed warming, and with the information we have at hand supporting the negative effects of large increases in CO2 in the atmosphere and resulting warming, the current rate will lead to a dangerous increase in temperatures. Actions need to be taken to slow this rate and prevent any consequences possibly caused by a warming event, whether to avoid exacerbating a natural warming event or causing one on our own.
This post was edited on 8/5/15 at 4:56 am
Posted by Athletix
:pels:
Member since Dec 2012
5066 posts
Posted on 8/5/15 at 4:58 am to
quote:

quote:
Nuclear power. Its super efficient, clean, and yes, very safe.



Yeah? What's a nuclear power plant cost to build and operate safely?


Nuclear power has always been the obvious answer to take the load off the coal plants. Public ignorance has stymied nuclear growth. Still, they are building new plants as we speak.
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