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Published on October 14th, 2009 | by Beth Graddon-Hodgson

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George Soros Pledges $1.1 Billion to Fund Climate Change Initiatives

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October 14th, 2009 by
 

Philanthropist and businessman George Soros announced this week that he would be the next in a line of wealthy front-runners to fund initiatives in clean technology. Soros is the founder of hedge fund Soros Fund Management LLC, and has been known for making monetary contributions to other charitable efforts that effect the well-being of society, such as health care and eduction; now he’s shifting his focus to play a part in reducing the impact of climate change.

Soros will establish the Climate Policy Initiative, an organization that will work with the US, China, India, Brazil and Europe and ensure that public interests are represented as new issues that affect climate change are established. According to Thomas Holler, who will lead the initiative, “It will be part advisory service, part policy developer and part watchdog,” Soros’ major role in the Climate Policy Initiative will be through his contribution of $10 million for year for the next 10 years.

Soros has also pledged to invest $1 billion in clean energy technology, contributing to the estimated $1 trillion needed to keep the globe’s temperatures in check; ensuring that they don’t rise beyond 2 degrees Celsius per year as a result of global warming.

Via: Bloomberg

Image via: Flickr User Esthr with a Creative Commons License

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  • earl carroll

    i have never in my life read so many lies written about one man [GEORGE SOROS] he has made billions and he has give away billions and he has done it all legally within the rules and laws. yes he probably was the number one forced that got obama elected….not because he thought so much of obama but because he despised busch.

    the man gives away billions every year of HIS money all you ignornant asses that want to think he has evil motives are just a bunch of ignorant jealous assholes

  • earl carroll

    i have never in my life read so many lies written about one man [GEORGE SOROS] he has made billions and he has give away billions and he has done it all legally within the rules and laws. yes he probably was the number one forced that got obama elected….not because he thought so much of obama but because he despised busch.

    the man gives away billions every year of HIS money all you ignornant asses that want to think he has evil motives are just a bunch of ignorant jealous assholes

  • http://www.associatedcontent.com/user/29691/alex_s_gabor.html Alex S. Gabor

    George Soros is only the worlds second trillionaire according to the Penny King!

  • http://www.associatedcontent.com/user/29691/alex_s_gabor.html Alex S. Gabor

    George Soros is only the worlds second trillionaire according to the Penny King!

  • Jay Rosenberg

    Do you think any country cares that it is destroying any other country’s jobs, life style, environment, atmosphere, ice caps, fish stocks …? Business is a zero sum war. I have a high efficiency low cost, green multi-fuel engine, RET. Retrofitting US transportation trucks, would save 1 Billion bbls oil annually. In cars, it will make them commodities, as you can plug in a new 500K mile warranteed engine an get 150 MPG. Proudly rejected by the bigs. Introducing beneficial technology is extremely difficult, and almost UnAmerican! We are negotiating with foreign groups to commercialize RET as a biomethane Genset. Small, ubiquitous solutions, just like micro-loans can be put on a personal renewable power basis. If Sorros, et al has the vision and wherewithal to conquer energy, because of their acumen, God bless them. Do you know how many billions of lives are shortened or caught up in resource wars, because we can not raise a technological cost effective solution? Sannerwind@gmail.com

  • Ian

    Wait.. no mention of how Soros slams Kyoto and lambasts emissions trading??

  • Ian

    Wait.. no mention of how Soros slams Kyoto and lambasts emissions trading??

  • MD

    Petrobras – look it up Dana

    The top six holdings as December 31, 2008 are: Petrobras (PBR) (OIL), Potash Corp. (POT), Besides Merrill Lynch, Buy Co. Inc. (BBY), Hess Corp. (HES)(OIL), and ConocoPhillips (COP)(OIL). The top six companies share 74.10% of the total stock portfolio.

    –> Three of the top six are oil and gas companies.<–

    He’s an oil man through and through because it makes HIM money…

    Kyle-Anne Shiver wrote for “The American Thinker” she says, “Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically…almost overnight.”

    In 1997 Soros almost destroyed the economies of Thailand and Malaysia. At the time, Malaysia’s Prime Minister, Mahathir Mohamad, called Soros “a villain, and a moron.” Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula. He sucks the blood from the people.”

    Go have a good read up on your hero : http://www.canadafreepress.com/index.php/article/14700

    BTW I’m not a some Redneck American nutcase… I’m a Canuck!

  • MD

    Petrobras – look it up Dana

    The top six holdings as December 31, 2008 are: Petrobras (PBR) (OIL), Potash Corp. (POT), Besides Merrill Lynch, Buy Co. Inc. (BBY), Hess Corp. (HES)(OIL), and ConocoPhillips (COP)(OIL). The top six companies share 74.10% of the total stock portfolio.

    –> Three of the top six are oil and gas companies.<–

    He’s an oil man through and through because it makes HIM money…

    Kyle-Anne Shiver wrote for “The American Thinker” she says, “Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically…almost overnight.”

    In 1997 Soros almost destroyed the economies of Thailand and Malaysia. At the time, Malaysia’s Prime Minister, Mahathir Mohamad, called Soros “a villain, and a moron.” Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula. He sucks the blood from the people.”

    Go have a good read up on your hero : http://www.canadafreepress.com/index.php/article/14700

    BTW I’m not a some Redneck American nutcase… I’m a Canuck!

  • Dana L. Stewart

    George Soros is not a hypocrite. He is one of the few astute investors encouraging imlementation of technologies we already have and that have great effect. Can you think of a single donation that the other Georges – George Bush ot George W. Bush – have made to the effort to arrest and/or reverse the climate change that they are largely responsible for?! Get real. And no more 4Fers are allowed in this fight – Filthy Fossil Fuel Folks and Foul-ups!

  • Dana L. Stewart

    George Soros is not a hypocrite. He is one of the few astute investors encouraging imlementation of technologies we already have and that have great effect. Can you think of a single donation that the other Georges – George Bush ot George W. Bush – have made to the effort to arrest and/or reverse the climate change that they are largely responsible for?! Get real. And no more 4Fers are allowed in this fight – Filthy Fossil Fuel Folks and Foul-ups!

  • MD

    George Soros aka György Schwartz

    The man is a hypocrite, George is looking out for George and no other.

    The only reason he gives away money is if he stands to make a profit.

  • MD

    George Soros aka György Schwartz

    The man is a hypocrite, George is looking out for George and no other.

    The only reason he gives away money is if he stands to make a profit.

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