Billionaire George Soros has made a big move for climate change. Recently in Copenhagen he announced that he will
commit more than $1 billion of his estimated $13 billion fortune to clean energy investments and political efforts which help to benefit the environment. The money could help startups with an eco focus get much needed money to go forward at a time when venture capital is at a major low. Analysts say that Soros will likely focus on "mezzanine" investments helping relatively mature startups with some proven success get to the next level. Soros is a savvy investor and this isn't strictly an altruistic move. He says that he is looking for opportunities that will be both profitable and "make a real contribution to solving the problem of climate change." Soros also pledged $100 million over a 10-year period to the Climate Policy Initiative, a foundation created "to protect the public interest against special interests."
Reader Comments (Page 1 of 1)
Brad Oct 14th 2009 1:23AM
Mr Soros would get more bang for the buck promoting the following emerging clean energy technology:
http://www.youtube.com/watch?v=V1iqa0dSJO0
Check out above link to a 2 and a half minute youtube video of a CNN report. What are the odds that the independent testimony below is fraudulent? Here is a silver bullet technology: clean cheap and abundant energy.
“In a joint statement, Dr. K.V. Ramanujachary, Rowan University Meritorious Professor of Chemistry and Biochemistry, Dr. Amos Mugweru, Assistant Professor of Chemistry, and Dr. Peter Jansson P.E., Associate Professor of Engineering said, “In independent tests conducted over the past three months involving 10 solid fuels made by us from commercially-available chemicals, our team of engineering and chemistry professors, staff, and students at Rowan University has independently and consistently generated energy in excesses ranging from 1.2 times to 6.5 times the maximum theoretical heat available through known chemical reactions.”