Eric Toone, one half of the investing committee at Breakthrough Energy, speaks to conference attendees at the breakthrough Energy Summit in Seattle on Wednesday October 19, 2022.
Photo by Cat Clifford, CNBCSEATTLE — Breakthrough Energy Ventures, the climate technology investment firm started by Microsoft co-founder Bill Gates, will begin to invest more in companies that help people and businesses adapt to the consequences of climate change.
"We're left with adaptation," Toone told the audience.
But Breakthrough Energy Ventures is most certainly not a philanthropic organization.
And in the past, the Gates Foundation has done a lot of work on adaptation," Toone told a group of reporters in a media briefing in Seattle.