Soros to invest $1 billion in clean tech

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.

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TOPICS: Banking
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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.

Topic: Banking

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  • So Soros will invest in the clean industry and in the watchdog...

    Seems convenient...
    Roque Mocan
    • RE: Soros to invest $1 billion in clean tech

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      Linux Love
      • RE: Soros to invest $1 billion in clean tech

        The White House is hosting a 90-minute media event called ?Building the 21st Century Electric Grid? and is releasing a new report on what it will take for lawmakers and the private sector to come together to solve this aspect of the energy challenge.
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        The press invite from the White House Office of Science and Technology Policy stated, ?The
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        Administration will announce a number of new public- and private-sector initiatives designed to
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        accelerate the modernization of the nation?s electric infrastructure, bolster electric-grid innovation,
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        and advance a clean energy economy, in part by taking greater advantage of digital and
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        communications or ?smart grid? technologies.?
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        Aneesh Chopra, U.S. Chief Technology Officer
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        John Holdren, Assistant to the President for Science and Technology
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        Tom Vilsack, Secretary of Agriculture
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        David Hayes, Deputy Secretary of Interior
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        Nancy Sutley, Chair of the Council on Environmental Quality
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        Phil Weiser, National Economic Council Senior Advisor
        Linux Love
      • RE: Soros to invest $1 billion in clean tech

        long with the announcement of new public and private initiatives aimed at building a smarter, expanded grid and empowering consumers, the Cabinet-level National Science and Technology Council (NSTC) will release a new report: A Policy Framework for the 21st Century Grid. This policy framework charts a collaborative path forward for applying digital information or smart grid technologies to the nations electricity infrastructure to facilitate the integration of renewable sources of power into the grid; help accommodate the growing number of electric vehicles; help avoid blackouts and restore power quicker when outages occur; and reduce the need for new power<a href="http://ipadbagblog.com/"><font color="light&height"> ipad bag blog</font></a> of best <a href="http://www.sutudeg.org/"><font color="light&height">sutudeg community</font></a> the modern <a href="http://wposfv.com/"><font color="light&amp;height">education news</font></a> and country plants.
        Linux Love
  • Soros is a menace to free economies and free people

    Under the guise of "philanthropy," Soros has probably done more than any other individual to erode free economies and promote socialist ideals. For proof, see his substantial contributions to radical leftist organizations such as the Center for American Progress, MoveOn.org, and Americans Coming Together.

    Soros is a hypocrite: he's made his money profiting from the global capitalism he apparently despises, yet he writes and uses his considerable wealth to advocate central control of commercial activity.

    What's more, his advocacy for an "open society" -- which [supposedly] stresses non-authoritarian rule and respect for the individual -- is directly at odds with the type of governments he works to install throughout the world: governments which impose centralized control over markets are by definition authoritarian, and the logical extension of market control is the subjugation of individual accomplishment, freedom, and worth.

    Soros and his ilk bought Obama's coronation; the United States will be paying (through the nose) for that travesty for decades.

    Pardon me if I don't join in the Soros cheerleading squad.
    Churlish
    • It's his money

      Don't lose any sleep over it. There are many right wingers and "their ilk" still pumping money into thwarting any progress that may come from "king Obama" or any of the other progressive ideas. We'll be back to model where big business burns through resources that took millions of years to create to satiate the demand of shareholders next quarter in no time.

      There. I took your bait.
      digit1001
      • Terminology

        Let's discuss some of the terms you've used.

        "Right wingers": these include, apparently, anyone who disagrees with you. If you mean "fiscally conservative advocates of small governments with limited power," then you're closer to the mark.

        "Progressive": these are policies that mandate the redistribution of wealth, not based on merit or free interchange of value-for-value, but upon governemnt fiat. Note that in such a system, government favor becomes the new currency: not one backed by true worth, but merely by one's ability to game the system.

        "Resources" (and their conservation): tell me about the stellar environmental track record of socialist/communist/controlled economies. How green was the Soviet Union's industrial sector? Is China rushing to limit its emissions?

        The sooner the world realizes that free market capitalism is the SOLUTION to need and pollution rather than its cause, the sooner we'll get back on a sane path.
        Churlish
    • Is funny how right wing think.

      Right Wing can be resumed as :there is a king, a queen and there are a lot of pawns. The royal family say and the pawns do, or you could say, a world in harmony.

      It is logic to be a right wing when you are a king but it is pretty idiot to do it when you are a single pawn.
      magallanes
      • No kings are good kings

        You misunderstand.

        True free-market advocates such as myself ("right wingers" if you choose to be imprecise) do NOT want a society ruled by kings, dictators, or "entitled" elites.

        Such people -- and those would include government bureaucrats enforcing the "fair" distribution of wealth -- produce nothing yet command influence and power, backed by the implied threat of force. In contrast, a free market requires no force, and no central planning, to govern the interchange of goods, services, talent, and wealth.

        And as for your assertion that I hold my opinions because I'm one of those "kings," that's ludicrous. I work an average job every day, worry about paying my bills, and have no massive bank account or family fortune to rely upon.

        I merely want a world -- or at least a nation -- in which my work entitles me to due compensation, as determined by a market free of government interference.

        Those who would redistribute wealth without regard for merit only manage to cripple any economy they control.
        Churlish