Bill Gates: Energy crisis taking out Europe’s economy is GOOD


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By Belle Carte



Big Tech mogul Bill Gates recently said that the European energy crisis brought by the Russia-Ukraine war is actually a good thing.

“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,” Gates said as he promoted his Breakthrough Energy Ventures climate-technology (carbon tax) investment company in a CNBC interview.

The billionaire and top U.S. farmlands owner said that it is important to find non-Russian hydrocarbon sources. Hence, there are coal plants running and a variety of things, “because keeping people warm and keeping those economies in decent shape is a priority.”

According to Gates’ “State of the Energy Transition” presentation, it should be the responsibility of countries like the U.S. to completely “decarbonize all sectors of the economy.”

He noted that countries in Europe and North America filled the atmosphere with carbon to achieve prosperity. It is unrealistic and unfair to expect everyone else to forgo a more comfortable life because that carbon turned out to change the climate.

“I don’t think the market by itself can press reset on an entire economy in just a few decades. We need the plan to speed the process up,” he said.

WND, an independent media outlet, said that Gates’ approach is similar to that of President Joe Biden, who pushes consumers toward ultra-expensive electric vehicles that the American grid now is not prepared to support. 

Under the Biden regime, gasoline for cars has surged to $7 a gallon in some cities, while natural gas prices are expected to explode during the coming winter.

Telecom may go offline, media networks prepare for winter blackouts

Meanwhile, mobile and media networks in Europe are bracing themselves up in case power rationing becomes an option in the coming winter. (Related: European telecommunications networks may go offline this winter due to energy crisis.)

Telecom industry officials say they fear a severe winter will put Europe’s telecom infrastructure to the test, forcing companies and governments to try to mitigate the impact. As per Reuters, four telecom executives admitted there are not enough backup systems in many European countries to handle widespread power cuts, raising the prospect of mobile phone outages.