June 12, 2021

Series (2/10): What are the Biggest Fortunes Doing to Address Climate Change? Larry Page and Sergey Brin, in the footsteps of Bill Gates

Climate change |
In terms of sustainable development and the climate issue, Larry Page and Sergey Brin are following in Bill Gates’ footsteps. | Source: Getty Images

The greatest fortunes are invested in different ways to fight against climate change. Forbes offers you an overview of the stocks of the ten largest global fortunes in favor of sustainable development and a carbon neutral future.

(Net assets as of April 21, 2021)

# 8, # 9 LARRY PAGE AND SERGEY BRIN

NET FORTUNES : $ 98.9 billion and $ 95.9 billion

SOURCE OF WEALTH : Google

MEMBERSHIP OF THE SBT INITIATIVE : Non

Originally, the motto of Google was ” Don’t be evil (Literally, “Don’t be malicious”), and when it comes to climate change, Google is one of the first companies to commit to being carbon neutral. In 2009, the company announced that the carbon emissions of 2007 and part of those of 2008 had been offset by the purchase of “high quality carbon offset credits.” The search engine has since created a new parent company, Alphabet. The latter claims to be supplying energy from renewable sources since 2017. The last objective that the company has set is to operate its data centers and campuses with a 24/7 carbon-free energy by 2030.

Google’s co-founders were quick to speak openly about their commitments to sustainability and tackling climate change, even when it was controversial. This was the case in 2014, when they left the lobbying group American Legislative Exchange Council because of its links with the climate-skeptic movement. Larry Page and Sergey Brin are not, however, irreproachable. In 2019, they came under heavy criticism after a secret three-day retreat to Italy (reportedly costing them $ 29 million) to discuss climate change with other guests, who joined the event by jet. private.

Outside of Alphabet, Google’s co-founders have similar but separate business interests in innovative technologies. Larry Page has invested in Planetary Resources, an American company in the space sector whose objective is to develop series of low-cost satellites to identify accessible asteroids rich in mineral resources. The company also wishes to develop techniques for mining in space and in the very long term to carry out mining of asteroids. Larry Page has invested in two other companies specializing in flying cars: Kitty Hawk and Opener.

As for Sergey Brin, he would have invested millions of dollars over the past four years in the secret startup. LTA Research, whose mission is to build an airship running on hydrogen and helium and to be deployed in disaster areas.

Article translated from Forbes US – Authors: Sofia Lotto Persio and David Dawkins