Bill Gates’ Latest Investment: Stop Cows from Burping with $12 Million
Bill Gates is pouring millions of dollars into technology that would improve the table manners of cows. A firm controlled by the Microsoft co-founder is investing $12 million into an Australian company developing food…
Bill Gates is pouring millions of dollars into technology that would improve the table manners of cows.
A firm controlled by the Microsoft co-founder is investing $12 million into an Australian company developing Food supplements to stop cattle from burping, Fox Business reported Monday.
The company, Rumin8, said in a news release that it intends to use the investment for product trials in four countries. The trials will test cattle feed designed to minimize the methane emitted by cows through burping.
“We have been very pleased with the reception we have received from climate impact funds around the world,” Rumin8 Managing Director David Messina said of the investment.
“There is a genuine desire to fund solutions to enteric methane emissions from livestock and fortunately for Rumin8, they can see the benefits of our technology.”
An executive for Breakthrough Energy Ventures — a firm founded by Gates — praised Rumin8’s mission in the company’s news release touting the investment.
“The demand for sustainable protein has never been more apparent, which is why BEV is keenly interested in reducing methane emissions from beef and dairy,” Carmichael Roberts said of BEV’s motives.
“Rumin8 offers a low cost, scalable toolbox that has already proven to be effective in reducing emissions,” he said. “Our team will support Rumin8 in working closely with farmers to expand the reach of this solution globally.”