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Bill Gates

Tech billionaires follow the climate-change money

Tech billionaires follow the climate-change money

One of the frequent complaints from Republicans about U.S. energy policy is that it's more about subsidies than markets. In its zeal to promote renewable energy sources, these critics say, the Obama administration has poured money into rebates and credits for solar and wind power, among other clean energy sources, disguising the fact that they can't compete with power produced by natural gas and other fossil fuels.

They have a point, although the gap between fossil and renewable power costs has narrowed considerably. There's also a good argument that fossil fuels have