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SUNDAY, NOVEMBER 22, 2009
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Soros to Invest $1B to Develop Clean Energy

He's also creating advisory group for policy-makers

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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.

Financial analyst George Soros.
Financial analyst George Soros.   (AP Photo/Jose Luis Magana)
George Soros.
George Soros.   (AP Photo/Virginia Mayo)
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The problem of global warming is primarily a political problem at this point. The science is beyond dispute, but how do we achieve the objectives we all know are necessary? That is a political problem. - George Soros

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19 comments
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Thinker
Oct 10, 09 5:55 PM CDT
Soros is a perfect example of how a liberal billionaire can use his wealth to help society. Michael Moore is another example. Of course, the non-rich conservative supporters will have something snide, unsmart and worthless to say about Soros, Moore and clean energy while praising war, religion and manly republicans. Reply
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+12
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divetrader
Oct 10, 09 6:01 PM CDT
Dead on Thinker. Plus, if the other billionaires were smart, they would jump on the Soros bandwagon. Obama has committed to building up America through green investments. Let's hope it isn't already to late for the planet.
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+7
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Robert_Dada
Oct 10, 09 8:30 PM CDT
Couldn't agree more Thinker. Imagine...rich capitalists using their wealth to benefit someone other than themselves. I can see many conservative heads popping off their vegetable stems trying to wrap their 'minds' around that one.
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+6
Rocket448
Oct 10, 09 6:38 PM CDT
What are our "captains of industry" waiting for? Ask yourself why we take it for granted that corporations will be slow to adopt green methods or produce green energy products? Why is it that we expect them to oppose a change towards energy-efficiency? Are they that afraid of their stockholders? Reply
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+2
Cat-Lover
Oct 10, 09 7:29 PM CDT
I'd like to jump on to any IPO Soros' group issues. Reply
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+2
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