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The High-Flying Crypto Celebrity: Cardano Founder's Private Jet Business


In short: Environmentalists are criticizing Cardano founder Charles Hoskinson, whose private jet reportedly ranks among the top 15 biggest polluters in the US. Climate Jets claims that emissions from Hoskinson’s private aircraft exceed those of 186 average Americans. Hoskinson has defended his use of the jet, saying he loans it to clients who regularly use it, including celebrities like Metallica and Dwayne “The Rock” Johnson. Bill Gates, who advocates for climate change, has also faced criticism for his frequent use of private jets, ranking 13th among US polluters.

Our quick analysis:
With heatwaves, droughts, and floods wreaking havoc, environmentalists have shifted their focus to the emissions-spewing private jets of celebrities. Latest on the list is Charles Hoskinson, founder of the popular platform Cardano.

According to Climate Jets, Hoskinson’s private jet is among the top 15 biggest polluters in the US. It reportedly exceeds the carbon emissions of 186 average Americans. Hoskinson tried to defend himself by stating that the website is "over-counting" his jet's use. He also said that when he's not using the aircraft for business purposes, he loans it to his clients, including the rock band Metallica and Hollywood heavyweight Dwayne "The Rock" Johnson.

Well, well, well, we didn't know that Hoskinson has a private jet business. That's interesting! The aircraft associated with the Cardano founder made 353 flights in 2022, using 296,930 gallons of jet fuel, emitting more than 2,895 metric tons of carbon dioxide. Those stats must be giving an eco-headache to environmentalists worldwide.

But Hoskinson is not alone. Microsoft co-founder Bill Gates, who champions the fight against climate change and founded an investment company called "Breakthrough Energy Ventures,” also frequently uses private jets. Ironically, he is ranked as the 13th biggest polluter in the United States. His jets logged over 657 hours in the air, flew 528,787 kilometers, and emitted more than 3,058 metric tons of carbon dioxide.

It's shocking to see the names of bigwigs associated with the ESG movement on the list of private jet polluters, including Bill Gates and others of his ilk. However, in Hoskinson's world, it's a great networking tool where he can rub shoulders with people he would like to do business with, including Metallica and The Rock.

Bottom line, guys - if you want to buy carbon credits, please switch off your private jets first.

This post was all about Charles Hoskinson's private jet business and his clients that include Metallica and The Rock.

Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.

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