Gates has called on businesses to fight climate change. But his own investments tell a different story.

In November 2015, world leaders descended on Paris to negotiate a historic agreement to limit global warming. But on the summit’s opening day, attention turned to a private citizen slouched awkwardly in a chair on stage: Bill Gates. Gates, with his characteristic flop of sandy hair, grinned impishly as President Barack Obama called him a “visionary” and a “driving force” behind a pair of…

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