Soros to Invest $1B to Develop Clean Energy

He's also creating advisory group for policy-makers
By John Johnson,  Newser Staff
Posted Oct 10, 2009 5:00 PM CDT
Financial analyst George Soros.   (AP Photo/Jose Luis Magana)
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(Newser) – George Soros is putting his vast resources—or at least $1 billion of them—behind his passion for the environment. Soros plans to invest that amount into developing technology to create clean energy. He's also starting an organization called the Climate Policy Initiative, which will be based in San Francisco, to help policy makers figure out programs to fight climate change. “We will be part advisory service, part policy developer, and part watchdog,” says a Stanford professor who will run it.