Why billionaires like Bill Gates and Jeff Bezos buy carbon offsets — and how they work
Published Fri, Nov 5 20219:02 AM EDTUpdated Fri, Nov 5 202110:15 AM EDT
Tom Huddleston Jr.
Evan Vucci | Pool | Reuters
It’s a common refrain: A billionaire loudly promotes potential solutions for climate change while jetting around the world, leaving a sizable carbon footprint.
This week, it happened twice. First, Microsoft co-founder Bill Gates — an outspoken advocate for combatting climate change — reportedly celebrated his 66th birthday by hosting dozens of guests, including fellow billionaire Jeff Bezos, on a mega-yacht in the Mediterranean Sea near Turkey’s coast.
Some of the guests were reportedly flown to the yacht on helicopters, according to Turkish newspaper Daily Sabah. Just days later, Bezos faced similar backlash for flying his private jet to the COP26 climate summit in Scotland — a particular sort of irony.
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