Climate Hero Bill Gates Bids to Purchase the World’s Largest Private Jet Operator

Guest essay by Eric Worrall

h/t fred250; Climate Hero Bill Gates has been accused of hypocrisy, after details emerged of him engaging in a bidding war to purchase the world’s largest private jet operator Signature Aviation.

Bill Gates is accused of hypocrisy after joining bidding war to buy the world’s largest private jet operator – one month before he releases his book preaching about climate change

  • The Microsoft boss’s company Cascade Investment entered the bidding war for British private jet servicing company Signature Aviation Friday
  • Cascade teamed up with Blackstone Group to make a $4.3 billion bid
  • Cascade and Blackstone now go head-to-head with private equity firm Carlyle
  • Gates’ Cascade already owns a 19 percent stake in Signature 
  • News of Gates’ pursuit of the private jet firm raised eyebrows given its actions are at direct odds with his very vocal stance on climate change
  • In February, Gates will release his book ‘How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need’ 
  • In it he sets out his plans for how the world can reach zero greenhouse gas emissions in time to prevent a climate crisis
  • This comes months after he published a blog post lecturing the public that climate change ‘could be worse’ than the coronavirus pandemic
  • Signature Aviation handles 1.6 million private jet flights every year
  • A private jet flight emits up to 40 times as much carbon per passenger as regular commercial flights, according to research 

RACHEL SHARP FOR DAILYMAIL.COM

PUBLISHED: 15:47 AEDT, 9 January 2021 | UPDATED: 19:28 AEDT, 9 January 2021

Bill Gates has been accused of hypocrisy after entering a bid to buy the world’s largest private jet operator, just one month before he releases a book preaching about climate change

The Microsoft boss’s company Cascade Investment entered the bidding war for Signature Aviation Friday, teaming up with Blackstone Group to make a $4.3 billion play for the British private jet servicing company.  

Cascade and Blackstone are now going head-to-head with private equity firm Carlyle, which had already made an initial takeover approach.

Gates’ Cascade already owns a 19 percent stake in Signature making it the firm favorite to win the bid.

But news of Gates’ pursuit of the private jet firm has raised eyebrows given the company’s actions are at direct odds with his very vocal stance on climate change. 

Read more: https://www.dailymail.co.uk/news/article-9128203/Bill-Gates-bids-private-jet-operator-one-month-releases-climate-change-book.html

I’m deeply shocked anyone would accuse Bill Gates of climate hypocrisy, just because he wants to be a leading player in the Private Jet industry.

Private jets are an essential tool in the war on climate change. The evidence is the private jet traffic jam in San Francisco International Airport, last time California hosted a major international climate conference.

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Al Miller
January 10, 2021 6:18 pm

Can someone name a “climate hero” (haha) that isn’t a hypocrite??

Photios
Reply to  Al Miller
January 10, 2021 6:28 pm

H H Lamb – the founder of the CRU.

Bob Hoye
Reply to  Photios
January 10, 2021 7:41 pm

An outstanding scientist.

Scissor
Reply to  Al Miller
January 10, 2021 7:10 pm

Maybe Ed Begley Jr.

Derg
Reply to  Scissor
January 11, 2021 4:05 am

Holy Hanna Ed spent a fortune on that house. 12” walls.

Maybe he should live in his oak tree

Scissor
Reply to  Derg
January 11, 2021 6:08 am

Too many squirrels.

Andre Lauzon
January 10, 2021 6:25 pm

Bill Gates should run for office. He seems to master the art of saying one thing and doing something else. Hypocrisy or feeble mind??? With all his money he could subsidize research in many fields to help humanity AND ensure “new ideas/inventions” that have not been proven are not forced on the plebs by corrupt politicians. I know his foundation already does a lot of good but he who has a lot should do a lot.

Ed MacAulay
Reply to  Andre Lauzon
January 10, 2021 6:30 pm

Maybe you misunderstand Bill. Did you consider that he might want to buy it up so he can shut it down and save the workld?/s

fred250
Reply to  Ed MacAulay
January 10, 2021 7:24 pm

Chuckle.. ..

ummm…

NOPE !!

Reply to  Ed MacAulay
January 10, 2021 7:44 pm

Bill Gates believes in stopping climate change so much that he bought a California seaside home for $43 million in San Diego county this year. A 10 foot sea level rise would be a real problem there. Maybe he is using it for additional motivation to save us all as well as his house too?
https://www.realtor.com/news/celebrity-real-estate/bill-and-melinda-gates-purchase-beach-house-in-del-mar/

Reply to  Ralph Dave Westfall
January 10, 2021 9:59 pm

Would take hundreds of feet of sea level rise to inundate the cliffs at Del Mar. They would erode a lot quicker though.

Reply to  Charles Rotter
January 13, 2021 11:13 am

I haven’t been near there personally, but viewing aerial and topographic maps, it looks like the property might be around 10 feet above sea level at high tide.
32.97161099999999, -117.26948525586401

Bill Powers
Reply to  Ed MacAulay
January 11, 2021 10:36 am

Of course you are being facetious Ed, but for those out there with the low mental acuity of joe Biden, which includes all the “man made global warm…ahh we really meant climate change all along” believers (not to be confused with The much smarter conniving Alarmist. aka the Dr Frankensteins’ of Climate Hobgoblins),

“Worlds Largest” means more than one Company to fill the demand. That move, by Gates, would be great news for #2 soon to be the “Worlds Largest” Private Air Transportation company.

walt
Reply to  Ed MacAulay
January 11, 2021 10:59 am

You are barking up the wrong tree. The kind of passenger service we know will not be available.

David A
Reply to  Ed MacAulay
January 12, 2021 2:43 am

Exactly, perhaps he needs a fleet to distribute particles in the atmosphere to cool it… https://headlinewealth.com/bill-gates-quietly-funding-plan-to-dim-the-suns-rays/

Photios
Reply to  Andre Lauzon
January 10, 2021 6:33 pm

Bill Gates … subsidize[s] research in many fields to [reduce] humanity AND ensure “new ideas/inventions” that have not been proven are … forced on the plebs by corrupt politicians.

There. Fixed it for you.

Mike Dubrasich
Reply to  Andre Lauzon
January 10, 2021 7:52 pm

Run for office? After the Great Reboot our Global Emperor Bill can do whatever he wants. The sky’s the limit. Well, Mars may be the actual limit. Bon voyage, Your Imperial Majesty.

Sara
Reply to  Andre Lauzon
January 11, 2021 5:18 am

Gates could stop polluting the air with his VERY OWN CO2 load, by getting his mouth sewn shut.

John the Econ
January 10, 2021 6:38 pm

Recently, I’ve started to wonder if these politicians, billionaires and celebrities aren’t really running a massive gaslight operation to purposely sabotage the climate change agenda they proclaim to support. Of course, any genuinely serious effort at eliminating CO2 from our lives would be decimating to their wealth, political power and lifestyles which they obviously do not want to give up. So they transparently participate in this hypocritical behavior that makes it impossible for any thinking individual to take them and their movement the least bit seriously. It’s win-win for them. They won’t have to sacrifice either their wealth or lifestyles, but they also get their virtue signalling points from their peers and the idiots who do take them seriously.

Waza
Reply to  John the Econ
January 10, 2021 6:49 pm

John
Some very valid thoughts.
And you could be right for quite a few.
But the key component is arrogance.
Whether they are legitimately trying to save US or just doing for their own benefit, the think they are better than US.

noaaprogrammer
Reply to  Waza
January 10, 2021 8:29 pm

I could be wrong about what I remember about Bill Gates back in the late 1990s, but I seem to recall that the Clinton Administration thought that Bill’s wealth was not being distributed wide enough, so they brought him to Washington D.C. under antitrust allegations. Bill quickly learned how to play the games that politicians use to enrich their coffers; and in the process his rhetoric and wallet turned leftward.

John the Econ
Reply to  noaaprogrammer
January 11, 2021 9:45 am

I think you are right about that. Up until the latter half of the ’90’s, Microsoft famously had ZERO full-time lobbyists in Washington. Microsoft had a rather libertarian view of their company and it’s role in society. The DC establishment sent a strong message with the anti-trust suit: That’s a nice company you’e got going there. It would be a shame if something were to happen to it.

rickk
January 10, 2021 6:48 pm

Strictly business – those with the means are going private air – no line-ups, no real security pat-downs, no baggage hassles, no terminal hassles…Florida (that is not under the draconian lockdown) has seen double digit increase in volumes at those ‘little’ airports that can accommodate the small jets – sort of Uber for air travel

Ozonebust
January 10, 2021 7:08 pm

Bill has many fingers in various pies. Some work out well for Bill, but perhaps not well for others.
https://www.blacklistednews.com/article/78963/study-bill-gates-dtp-vaccine-killed-10-times-more-african-girls-than-the-disease.html

Last edited 3 months ago by Ozonebust
Joel O'Bryan
Reply to  Ozonebust
January 10, 2021 9:51 pm

The article you posted is junk disinformation. The links the article provided to support its claims do not say what the article presents them as saying. That is, the article you link to is a lie.
Recommend you Do a little deeper reading before posting disinformation lies on vaccines.

Last edited 3 months ago by joelobryan
January 10, 2021 7:11 pm

Perhaps he’ll coat the wings with solar cells, remove the turbines, and replace the engines with battery powered fans.

Flight Level
January 10, 2021 7:16 pm

If I had the means, I would too !

The covid madness destroyed pretty much about everything. One of the exceptions being the biz/charter aviation which is blossoming ever since.

ResourceGuy
January 10, 2021 7:40 pm

Now you know the rest of the story.

Лазо
January 10, 2021 7:52 pm

Without private jets, how would the “climate warriors” jet around to the numerous climate junkets conferences after they shut down the airline industry to save the climate from your travel?

Rick C
January 10, 2021 8:35 pm

Why is everyone so negative? I’m sure if Gates is successful he’ll announce plans to replace the dirty fossil fuel guzzling jet engines with electric ion drive thrusters powered by E-Cat cold fusion reactors just as soon as the bugs are worked out. Why NASA has already announced that their latest ion drive thruster produces of 5 Newtons (about 1.2 lbf). Just needs to be scaled up 4 orders of magnitude or so. And we’re all aware that E-Cat is in its final stages of commercialization and should hit the market in the next quarter or so.

Reply to  Rick C
January 10, 2021 9:58 pm

:Slow Clap

Patrick MJD
January 10, 2021 9:05 pm

He’ll be able to afford it too with whole nations scrambling to buy his vaccine.

Joel O'Bryan
January 10, 2021 9:38 pm

They have to make landing reservations for Davos as well so they can discuss how they are going to save the world from over-population and get rid of the middle class riff-raff tourists in all the places they like to vacation.
The climate scam is for the little people, that is… you and me, Not for the elites and the politicians they buy. They want that petroleum for their private jets and for their grandchildren to have that as well. Can’t have us proles using it all up.

Last edited 3 months ago by joelobryan
Robert of Texas
January 10, 2021 10:01 pm

Sacrifice for climate change ONLY applies to the common folk…Lords like Bill Gates have special needs and rights.

Tom in Florida
Reply to  Robert of Texas
January 11, 2021 4:27 am

As usual, everyone one is equal but some are more equal than others.

Fight Climate Fear. Warmer is Better.

Lrp
January 10, 2021 10:32 pm

Way to go Bill! Congrats!

Dennis G Sandberg
January 10, 2021 10:55 pm

Take it easy on Bill, he’s on the record saying wind and solar isn’t enough (he’s being PC he knows it’s worth less than nothing), and he’s willing to put up a matching $billion to move his Terra wave nuclear scheme forward. He can do anything thing he wants about anything and he’ll still be my Hero if he says, “End wind and solar now and start phasing in small scale nuclear before 2030, Next,work up to 2% more nuclear on the electrical grid, each year, to be full nuclear generation in 2100”. No one else is showing any leadership, he’s our best (only?) hope.

DonM
Reply to  Dennis G Sandberg
January 11, 2021 10:10 am

If he was showing leadership he would be using his notoriety to let everyone know that net zero by 2030, or 2035, or 2050 is not possible without massaging/cheating the numbers AND that those that tout the folly for political reasons are harmful to society.

He is showing no leadership. He is trying to make himself feel good and he is trying to make money.

n.n
January 11, 2021 12:10 am

At-risk assets? [catastrophic] [anthropogenic] climate cooling… warming… change, undeniable, unfalsifiable, progressive (i.e. monotonic).

Greg
January 11, 2021 2:21 am

A “hero” is someone who sacrifices or puts at risk his own well-being for the good of fellow citizens. There is nothing “heroic” about Gates’ self-intrested investments, be it in “climate” or vaccines. He is not getting any poorer despite his alleged “philanthropy”.

Charlie
January 11, 2021 5:08 am

private jet traffic jam in San Francisco International Airport, last time California hosted a major international climate conference.

The French did it right. They sited COP21, which begat the Paris Climate Accord, at Le Bourget. Paris-Le Bourget airport handles private jet travel only, and has eight terminal buildings for hypocrites to use.

And more good news for hypocrites. Almost all private jet operators will be exempt from the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) .

ResourceGuy
January 11, 2021 6:56 am

I recall Richard Branson in the news with Al Gore on a trip to Antarctica right before Branson bought that private island for development in the Caribbean and before he expanded the Virgin Air fleet. They’re not fooling some of the people all the time–at least at WUWT.

January 11, 2021 8:37 am

The charity trust racket like Bill’s and Hitlery Clinton’s and Soros has one…is very useful….Bill could fly to Paris over a weekend and charge the jet…the 5 star hotel and quisine all to the trust….just maybe make a 5 minute phone call in Paris to someone about the trust. Charity trust biz is hard…but someone has to do it.

ResourceGuy
Reply to  T. C. Clark
January 11, 2021 9:32 am

Even the Swiss had to cough up money for the Clintons after signing that partial name release deal from the numbered accounts list at Swiss banks. Some of the names not released are starting to come out slowly.

GMiller
January 11, 2021 9:12 am

There is an old aviation saying that goes something like this: “You can make a small fortune in aviation, you just have to start with a large fortune.”

ResourceGuy
January 11, 2021 9:34 am

These are for charity flights, right Bill?

walt
January 11, 2021 10:57 am

Does this mean commercial passenger service
will be eliminated by the stay at home Gates following ?

Matthew Schilling
January 11, 2021 12:48 pm

Just a reminder – Bill Gates is a college dropout software salesman. He built a fortune by milking a monopoly handed to him by stupid, shortsighted people at IBM. He has never been elected to any public office.

DMacKenzie
January 11, 2021 1:26 pm

Notice that Gates, Bezos, Branson, and others have taken the “know your enemy” rule to a whole new level of having your enemy think you are on his side….

Jim
January 11, 2021 2:13 pm

Wonder if, he would allow me to give him, his family and friends, the actual vaccine shots on camera.

Jim
January 11, 2021 2:14 pm

Since this winter has lots of cold, snow and ice, we haven’t heard Greta or the “No more snow by 2020 crowd” saying much now.

James F. Evans
January 11, 2021 5:22 pm

I’m not surprised, it’s par for the course.

DrVague
January 11, 2021 8:00 pm

Maybe he plans to use the planes to spread the stuff that will block sunlight?

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