www.environmental-finance.com
15 October
Billionaire hedge fund manager George Soros has said he will invest $1 billion in clean technology, in a bid to tackle climate change. Soros made the announcement at the Project Syndicate conference for newspaper editors in Copenhagen last weekend. He gave scant details on how the money will be invested. "I will look for profitable opportunities, but I will also insist that the investments make a real contribution to solving the problem of climate change," Soros said, according to media reports.
Soros also promised to launch an organisation to represent public interests on climate change, and act as an advisory service and policy developer, called the Climate Policy Initiative. The hedge fund manager said he would donate $10 million a year for 10 years to the Climate Policy Initiative, which will be headed up by Stanford professor Thomas Heller, who specialises in energy and climate change.
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