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2007-01-08

Lets cut Billy some slack...

The Bill and Melinda Gates Foundation has received some negative press lately for;
The Gates Foundation has poured $218 million into polio and measles immunization and research worldwide, including in the Niger Delta. At the same time that the foundation is funding inoculations to protect health, The Times found, it has invested $423 million in Eni, Royal Dutch Shell, Exxon Mobil Corp., Chevron Corp. and Total of France — the companies responsible for most of the flares blanketing the delta with pollution, beyond anything permitted in the United States or Europe.
In addition to this;
Companies ranked among the worst U.S. and Canadian polluters, including ConocoPhillips, Dow Chemical Co. and Tyco International Ltd.
Many of the world’s other major polluters, including companies that own an oil refinery and one that owns a paper mill, which a study shows sicken children while the foundation tries to save their parents from AIDS.
Pharmaceutical companies that price drugs beyond the reach of AIDS patients the foundation is trying to treat.
My take is this, hmmm; Would you invest in a Tobacco Company if it promised the highest return on your investment, keep it in mind that if you do not do this, others will do it anyway. And for all you know, this will only push the ROI higher. Personally I will, and I expect all economists to, we don't 'sabi' good or bad, guns and butter somebody.
On the other hand, upon reading the article, I have some serious reservations about Mr Gates Foundation. Why don't you spend your money making one of those Mel Gibson Epics or something of the Blood Diamonds leaning, since these people will not let you rest. Just my two cents oh.
Did you guys see this blogger announcement. Too bad Omodudu.com is taken, any suggestions.

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