Last Updated on October 19, 2022
A billionaire climate change activist has called the European energy crisis “good for the long run.”
Microsoft co-founder Bill Gates made the controversial energy comments while appearing on CNBC Tuesday.
The energy crisis, which aroused due to the Ukraine/Russia conflict and NordStream explosions, is actually “good for the long run” since “people won’t want to be dependent on Russian natural gas,” Gates claimed.
Gates believes this energy crisis gives European countries the opportunity to support the climate change agenda and rely less on fossil fuels.
With such a quick disruption in the oil/gas market, Gates contests that such a crisis will lend its way to a global economy that will be able to quickly transition away from fossil fuel reliance.
“Now, without the Russian natural gas being available in Europe, it’s a setback. We need to find non-Russian hydrocarbon sources to substitute for those,” Gates began.
“Keeping those economies in decent shape is a priority. Now, on the other hand, it’s good for the long run, because people won’t want to be dependent on Russian natural gas, so they’ll move to these new approaches more rapidly,” the globalist billionaire added.
Gates admitted it would be unwise to “drain all the money away from [fossil fuel] sectors,” since “that’s how people get to work today, it’s how people avoid freezing to death in the winter.” However, Gates called on European economies in crisis to “speed the process” up, moving towards renewable energy sources.
.@BillGates on the European energy crisis: “It’s good for the long run, because people don’t want to be dependent on Russian natural gas, so they’ll move to these new approaches, more rapidly” pic.twitter.com/skqczC0VSL
— Tom Elliott (@tomselliott) October 18, 2022
On Tuesday, Gates published the “State of the Energy Transition,” which called on the United States and other countries that have been guilty of stabilizing their economy’s infrastructure with fossil fuels to take action to decarbonize the global economy and its sectors.
“Many countries in Europe and North America filled the atmosphere with carbon to achieve prosperity, and it is both unrealistic and unfair to expect everyone else to forgo a more comfortable life because that carbon turned out to change the climate,” Gates wrote.
Stay tuned to National File for any updates.