Bill Gates secures hundreds of millions from U.S. firms for climate fight

Read the full story at CNBC.

Breakthrough Energy, a non-profit founded by Gates in 2016, announced Monday that it has secured investments from Microsoft, BlackRock, General Motors, American Airlines, Boston Consulting Group, Bank of America and ArcelorMittal.

The Washington-headquartered firm said the money will be used to fund its “Breakthrough Energy Catalyst,” a project launched earlier this year that’s aiming to finance, produce, and buy the new solutions that will help underpin a zero-carbon economy. Bill Gates said in a statement that a “new industrial revolution” is required if the world is going to avoid a climate disaster.

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