Bill Gates invests in Australian company Rumin8 to reduce livestock emissions
If you didn’t think solving cow burping was a million dollar idea, then Bill Gates apparently does.
The Microsoft co-founder and billionaire has reportedly backed an Australian startup aiming to stop cows’ methane emissions by investing in research on livestock supplements.
According to Press releaseGates’ Breakthrough Energy Ventures (BEV), with Harvest Road Group, has raised $12 million for Rumin8, a climate technology company.
Rumin8 is exploring solutions to reduce emissions from livestock, and their latest initiative is identifying “anti-methanogenic properties” that can be produced efficiently and cost-effectively to ultimately feed livestock.
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The dietary supplement is synthetically derived from an active ingredient found in red algae called bromoform, which prevents the formation of methane.
Rumin8’s latest round of investment aims to develop the brand and push the supplement to commercialization, according to a press release.
“The demand for sustainable protein has never been more evident, which is why BEV is very committed to reducing methane emissions from beef and dairy,” BEV founder and managing partner Carmichael Roberts said in a statement. “Rumin8 offers a low cost, scalable toolkit that has already proven to be effective in reducing emissions. Our team will support Rumin8 in close collaboration with farmers to expand the reach of this solution worldwide.”
Gates has previously made public comments claiming that the richest countries in the world should give up beef for plant-based alternatives to combat global climate change.
In his book, How to Avoid a Climate Catastrophe, Gates details the steps needed to eliminate greenhouse gas emissions. The billionaire software developer and philanthropist discusses the policy changes and technical innovations needed to curb industries with the largest carbon footprint, such as steel, cement and agriculture, where a third of all greenhouse gas emissions that trap heat and warm the climate come from livestock . production.
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Gates told the MIT Tech Review in 2021 that it would be next to impossible to eliminate emissions from cow burps and fertilizer to cut methane emissions, saying plant-based beef options are the only viable option.
“There are all kinds of things where they feed them different foods, for example, there is one compound that gives you a 20 percent reduction. [in methane emissions]. Unfortunately, these bacteria [in their digestive system that produce methane] are a necessary part of grass destruction. And so I don’t know if there will be some kind of natural approach. Synthetic I’m afraid [protein alternatives like plant-based burgers] required, at least for beef.”
Jeanette Settembre of Fox News contributed to this report.
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