Bill Gates invests in oil from algae

From CNET News:  Cascade Investment, which is Bill Gates’ investment firm, is investing money in Sapphire Energy, a company that is working to produce oil from algae. Sapphire just announced that they have raised more than $100 million to help develop its product, called Green Crude. Last year Sapphire Energy said that they successfully generated 91 octane gasoline from algae. Sapphire wants to use this new funding to reach its target of producing 10,000 barrels a day of fuel from algae and to continue to scale higher after that.

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