Soros to invest $1 billion in clean tech

Summary:Billionaire financier and philanthropist George Soros plans to invest part of his wealth on clean tech to fight global warming.

Can a $1 billion help save the environment? George Soros hopes so.

The billionaire financier and philanthropist plans to invest part of his wealth on clean tech to fight global warming. In a speech at the Project Syndicate editors' forum in Copenhagen, Denmark, on Saturday, Soros gave the keynote address announcing his new plans.

Soros said he will invest $1 billion in clean-energy technologies and will provide $100 million--$10 million each year for the next 10 years--for the new Climate Policy Initiative, a watchdog-type foundation to promote measures to combat climate change.

Read more on "Financier Soros to invest $1 billion in clean tech" from CNET News.

Topics: Banking

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