EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

07.21.10

Microsoft Co-founder Paul Allen Joins Philanthrocapitalism Club While Bill Gates Invests in Climate Liars

Posted in Bill Gates, Finance at 1:09 pm by Dr. Roy Schestowitz

“Get me into that and goddam, we’ll make so much money!”

Bill Gates, Microsoft

Exxon

Summary: Paul Allen follows the footsteps of Bill Gates, whose big investments in oil giants help fund disinformation (and sometimes prove profitable)

“Don’t know if you saw this,” said our reader Wayne, “Paul Allen is imitating Bill Gates.”

Wayne cited Kristi Heim, a longtime booster for Bill Gates and his foundation. So both founders of Microsoft have put wealth in a shelter from state tax:

Allen, who is 57, said today that he plans to leave the majority of his $13 billion estate to philanthropy to continue the work of his foundation and to fund scientific research.

Who benefits from this research, which often involves someone’s patents? We covered this subject many times before and provided countless examples. To be fair here, many rich families created this kind of loophole for themselves (taking from society while being portrayed mostly as givers), so the criticism applies more broadly.

Looking at Mr. Gates, the guy has massive investments in Exxon [1, 2], which has just been exposed for still spending millions lying about global warming.

ExxonMobil gave $1.5 million to climate deniers and industry front groups known for working to create doubt about global warming, attacking the integrity of climate scientists, and protecting the status quo for polluters, according to a front-page story in the Times of London today.

Contrary to its stated commitment to stop funding climate denier groups, the Exxon funding spigot remained as open as the BP gusher, continuing to pollute the media landscape with oil-soaked misinformation designed to cripple international action on climate change.

People ought to ask Gates, how does he feel about funding companies like these? He keeps pretending to care about global warming while investing in other oil companies like BP, whose offences are even more serious at the moment. As our reader Patrick put it earlier today, “BP shot a load of toxic chemicals into the Deepwater Horizon well to get around waste disposal laws” (and there is an article supporting the allegation).

In Kenner, La., a new round of hearings on the Deepwater Horizon explosion opened Monday with members of a government panel pressing the chief rig engineer to expand on an earlier statement describing the chaotic final moments on the burning rig.
This Story

In that statement, which has not been made public, Stephen Bertone said that the captain of the rig screamed at a crew member for pressing either a distress button or a disconnect button and, referring to an injured man on a stretcher, said, “Leave him.”

BP not only lies about global warming but it also produces fake pictures [1, 2] as part of its propaganda/disinformation campaign: [via]

Apparently BP is no more adept at doctoring photos than it is at plugging deep-sea oil leaks.

A blogger has noticed that the oil giant altered a photograph of its Houston crisis room, cutting and pasting three underwater images into a wall of video feeds from remotely operated undersea vehicles. The altered photo is displayed prominently on the company’s Web site.

And these are the sorts of companies that Gates’ so-called ‘charity’ puts his money in? For profit? As investment? Well, to be fair, it’s not as though BP is a good investment at the moment.

BP denied a report its embattled chief executive would leave soon, as it lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history, lifting its shares on Wednesday.

[...]

BP’s market value has fallen by around 40 percent since an explosion on an oil rig killed 11 people on April 20 and sent oil gushing into the Gulf of Mexico, soiling the coastline and devastating tourism and fishing industries in the region.

Gates lost money on this investment. Will Paul Allen have better luck after his previous massive investment ended up in bankruptcy? This is not philanthropy, it’s philanthrocapitalism. It looks like philanthropy, but it’s business as usual.

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. What Insiders Are Saying About the Sad State of the European Patent Office (EPO)

    Anonymous claims made by people who are intimately familiar with the European Patent Office (from the inside) shed light on how bad things have become



  2. The EPO Does Not Want Skilled (and 'Expensive') Staff, Layoffs a Growing Concern

    A somewhat pessimistic look (albeit increasingly realistic look) at the European Patent Office, where unions are under fire for raising legitimate concerns about the direction taken by the management since a largely French team was put in charge



  3. Patents Roundup: Accenture Software Patents, Patent Troll Against Apple, Willful Infringements, and Apple Against a Software Patent

    A quick look at various new articles of interest (about software patents) and what can be deduced from them, especially now that software patents are the primary barrier to Free/Libre Open Source software adoption



  4. Software Patents Propped Up by Patent Law Firms That Are Lying, Further Assisted by Rogue Elements Like David Kappos and Randall Rader (Revolving Doors)

    The sheer dishonesty of the patent microcosm (seeking to bring back software patents by misleading the public) and those who are helping this microcosm change the system from the inside, owing to intimate connections from their dubious days inside government



  5. Links 25/9/2016: Linux 4.7.5, 4.4.22; LXQt 0.11

    Links for the day



  6. Patent Quality and Patent Scope the Unspeakable Taboo at the EPO, as Both Are Guillotined by Benoît Battistelli for the Sake of Money

    The gradual destruction of the European Patent Office (EPO), which was once unanimously regarded as the world's best, by a neo-liberal autocrat from France, Benoît Battistelli



  7. Bristows LLP's Hatred/Disdain of UK/EU Democracy Demonstrated; Says “Not Only Will the Pressure for UK Ratification of the UPC Agreement Continue, But a Decision is Wanted Within Weeks.”

    Without even consulting the British public or the European public (both of whom would be severely harmed by the UPC), the flag bearers of the UPC continue to bamboozle and then pressure politicians, public servants and nontechnical representatives



  8. Released Late on a Friday, EPO Social 'Study' (Battistelli-Commissioned Propaganda) Attempts to Blame Staff for Everything

    The longstanding propaganda campaign (framing staff as happy or framing unhappy staff as a disgruntled minority) is out and the timing of the release is suspicious to say the least



  9. Links 23/9/2016: Latest Microsoft and Lenovo Spin (Now in ‘Damage Control’ Mode)

    Links for the day



  10. White Male-Dominated EPO Management Sinks to New Lows, Again

    Benoît Battistelli continues to make the EPO look like Europe's biggest laughing stock by attempting to tackle issues with corny photo ops rather than real change (like SUEPO recognition, diverse hiring, improved patent quality, and cessation of sheer abuses)



  11. Journalism 102: Do Not Become Like 'Managing IP' or IAM 'Magazine' (the Megaphones of the EPO’s Management)

    Another look at convergence between media and the EPO, which is spending virtually millions of Euros literally buying the media and ensuring that the EPO's abuses are scarcely covered (if ever mentioned at all)



  12. Journalism 101: Do Not Believe Anything That Benoît Battistelli and the EPO's Management Say (Also Don't Fall for the UPC Hype)

    A survey/review (or an overview) of recent articles about the EPO and why they're wrong (mostly because they parrot the official lies from Battistelli's department)



  13. Patent Law Firms, David Kappos, and IAM 'Magazine' Still Shelter Software Patents by Cherry-Picking and Lobbying

    Amid the gradual collapse of software patents in the United States there are disingenuous efforts to bring them back or maintain a perception that these patents are still potent



  14. Microsoft-Connected Patent Trolls Going Places and Suing Microsoft Rivals, Microsoft Wants More 'Linux Patent Tax'

    Microsoft-connected patent trolls like Larry Horn's MobileMedia are still attacking Microsoft rivals and Microsoft wants more money from Korea, after it attacked Linux with software patents over there (notably Samsung and LG)



  15. Links 22/9/2016: Linux Professional Institute Redesign, Red Hat Upgraded

    Links for the day



  16. Links 22/9/2016: Red Hat's Latest Results, GNOME 3.22 Released

    Links for the day



  17. The Patent Law Firms in the US Relentlessly Lobby for Software Patents Resurgence by Placing Emphasis Only on Rare Outcomes

    Decisions against software patents continue to be ignored or intentionally overlooked by patent law firms, which instead saturate the media with the few cases where courts unexpectedly rule in favour of software patents



  18. Links 21/9/2016: Lenovo Helps Microsoft Block GNU/Linux Installations

    Links for the day



  19. Like Big Tobacco Lobbyists, Benoît Battistelli and Team UPC Are Just Chronically Lying and Manipulating Politicians With Their Lies

    Benoît Battistelli and Team UPC continue to meddle in politics and mislead the public (through the press) about patent quality as well the UPC, which is now in effect sunk inside the ashtray of history



  20. The EPO's 'Investigative' Function is Totally Out of Control and Continues to Get Bigger, Whitewashed by So-called 'Review'

    An update on the situation which still causes great unrest at the European Patent Office (EPO), namely abuse of staff by the so-called Investigative Unit (Eponia's equivalent of unaccountable secret services)



  21. Microsoft and Patent Law Firms in the United States Can't Stop Writing About McRo in a Coordinated Push to Resurrect Software Patents

    Microsoft is pursuing more Linux 'patent tax' (using software patents) and patent law firms are preoccupied flooding the media with their shameless self-promotion which is also software patents promotion



  22. For Abuse Like Plagiarism and Malpractice, the US Patent System is Still World Champion

    Low patent quality, abusive litigation (e.g. by patent trolls) and various other elements that globally discredit the USPTO are only symptoms of a wider problem, which is a greedy system motivated by neo-liberal values rather than professionalism and servitude



  23. Links 20/9/2016: GNOME 3.22 Preview, Absolute 14.2 Released

    Links for the day



  24. Links 19/9/2016: Linux 4.8 RC7, KDevelop 5.0.1

    Links for the day



  25. Patents Roundup: Disclosure Requirements, Mobile Patents, Patent Lawyers' Plagiarism, USPTO Getting Sued, and Corporate Domination of the Patent System

    The unwanted elements of the patent system (as it stands at present) illuminated by very recent news and patent court cases



  26. With or Without the UPC (Which Will Probably Never Happen) Battistelli is Crushing the EPO and Ejects Experienced Staff, a Future Without Examination Possible

    A pessimistic but probably realistic take on what is happening at the European Patent Office (EPO), which is undergoing a silent transformation so wide-ranging that stakeholders deserve to know about it



  27. When EPO Liar-in-Chief Benoît Battistelli Defamed His Staff in Parliament, Comparing Them to Nazis and Criminals

    A reminder of the audacity of Benoît Battistelli, who in his capacity as a politician -- a problem in its own right -- slanders EPO staff



  28. After McRO v Namco Case (at CAFC) the Patent Microcosm Works Overtime to Produce Pro-Software Patents Propaganda, Smear the Supreme Court

    Increasingly desperate to convince people to pursue software patents and/or use their software patents to initiate growingly risky lawsuits (high risk of losing), the patent microcosm hugs McRO v Namco while distorting the complete record of the Court of Appeals for the Federal Circuit (CAFC) on this subject



  29. Poor Quality Control at the US Patent Office Gives Birth to 'Unpatent' and Gives a Voice to Critics

    The USPTO must up its game on patent quality (not relying on PTAB and the courts correcting its errors after the grants) or face growing backlash that tarnishes its public image



  30. Patent Trial and Appeal Board Under Attack by Law Firms, Which Will Soon Infiltrate It in the Form of 'Bar Association'

    The vultures that are patent law firms keep circling around PTAB and hoping to destroy it, if not from the outside then from the inside, potentially regressing and ruining great progress for US patent quality since Mayo and Alice


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts