FINANCIALS Published January 23, 2023 1:20pm EST
Bill Gates wants to stop cows from burping in latest investment
Bill Gates invests in Australian-based Rumin8 to reduce livestock emissions
By Kristen Altus FOXBusiness
Bill Gates backing startup trying to stop cows from burping
FOX Business' Ashley Webster reports that billionaire Bill Gates is backing an Australian startup that's trying to stop cows from burping methane emissions.
If you didn’t think that solving how to stop cows from burping is a million-dollar idea, well, Bill Gates apparently does.
The Microsoft co-founder and billionaire has reportedly backed an Australian-based startup looking to stop cows from burping methane emissions, pouring funds into research around livestock food supplements.
According to a press release, Gates’ firm Breakthrough Energy Ventures (BEV), with participation from Harvest Road Group, raised $12 million for Rumin8, a climate technology company.
Rumin8 studies solutions to reducing livestock emissions, and their latest initiative identifies "anti-methanogenic properties" that can be produced efficiently and for a low cost to eventually feed to livestock.
https://www.foxbusiness.com/business-leaders/bill-gates-stop-cows-burping-latest-investment