Dark Reality of Gates Empire
Dark Reality of Gates Empire
Among the corporate giants whose businesses are raking in Billions thanks to the coronavirus lockdown, Bill Gates is the most notorious. This is despite his careful manipulation of the media with endless stories about his alleged 'philanthropy'.
The truth, however, is very different. We found a fascinating glimpse in the archives of the Los Angeles Times, from way back in January 2007. The paper ran a major investigation into Gates and his operations. What was unearthed may have been buried in the MSM Memory Hole since then, but it is if anything even more shocking given his current role at the centre of the so-called Great Reset and the corporate profiteering that goes with it:
The Gates Foundation has poured $218 million into polio and measles immunization and research worldwide, including in the Niger Delta. At the same time that the foundation is funding inoculations to protect health, The Times found, it has invested $423 million in Eni, Royal Dutch Shell, Exxon Mobil Corp., Chevron Corp. and Total of France — the companies responsible for most of the flares blanketing the delta with pollution, beyond anything permitted in the United States or Europe.
Indeed, local leaders blame oil development for fostering some of the very afflictions that the foundation combats.
Oil workers, for example, and soldiers protecting them are a magnet for prostitution, contributing to a surge in HIV and teenage pregnancy, both targets in the Gates Foundation’s efforts to ease the ills of society, especially among the poor. Oil bore holes fill with stagnant water, which is ideal for mosquitoes that spread malaria, one of the diseases the foundation is fighting.
Investigators for Dr. Nonyenim Solomon Enyidah, health commissioner for Rivers State, where Ebocha is located, cite an oil spill clogging rivers as a cause of cholera, another scourge the foundation is battling. The rivers, Enyidah said, “became breeding grounds for all kinds of waterborne diseases.”
The bright, sooty gas flares — which contain toxic byproducts such as benzene, mercury and chromium — lower immunity, Enyidah said, and make children such as Justice Eta more susceptible to polio and measles — the diseases that the Gates Foundation has helped to inoculate him against.
Investing for profit
Like most philanthropies, the Gates Foundation gives away at least 5% of its worth every year, to avoid paying most taxes. In 2005, it granted nearly $1.4 billion. It awards grants mainly in support of global health initiatives, for efforts to improve public education in the United States, and for social welfare programs in the Pacific Northwest.
It invests the other 95% of its worth. This endowment is managed by Bill Gates Investments, which handles Gates’ personal fortune. Monica Harrington, a senior policy officer at the foundation, said the investment managers had one goal: returns “that will allow for the continued funding of foundation programs and grant making.” Bill and Melinda Gates require the managers to keep a highly diversified portfolio, but make no specific directives.
By comparing these investments with information from for-profit services that analyze corporate behavior for mutual funds, pension managers, government agencies and other foundations, The Times found that the Gates Foundation has holdings in many companies that have failed tests of social responsibility because of environmental lapses, employment discrimination, disregard for worker rights, or unethical practices.
One of these investment rating services, Calvert Group Ltd., for example, endorses 52 of the largest 100 U.S. companies based on market capitalization, but flags the other 48 for transgressions against social responsibility. Microsoft Corp., which Bill Gates leads as board chairman, is rated highly for its overall business practices, despite its history of antitrust problems.
In addition, The Times found the Gates Foundation endowment had major holdings in:
� Companies ranked among the worst U.S. and Canadian polluters, including ConocoPhillips, Dow Chemical Co. and Tyco International Ltd.
� Many of the world’s other major polluters, including companies that own an oil refinery and one that owns a paper mill, which a study shows sicken children while the foundation tries to save their parents from AIDS.
� Pharmaceutical companies that price drugs beyond the reach of AIDS patients the foundation is trying to treat.
Using the most recent data available, a Times tally showed that hundreds of Gates Foundation investments — totaling at least $8.7 billion, or 41% of its assets, not including U.S. and foreign government securities — have been in companies that countered the foundation’s charitable goals or socially concerned philosophy.
This is “the dirty secret” of many large philanthropies, said Paul Hawken, an expert on socially beneficial investing who directs the Natural Capital Institute, an investment research group. “Foundations donate to groups trying to heal the future,” Hawken said in an interview, “but with their investments, they steal from the future.”