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Soros commits $1bn to clean-tech

Cross-posted from The Great Beyond US billionaire George Soros, founder of the hedge fund Soros Fund Management, has announced plans to invest $1 billion in clean-energy technologies to help stave off global warming. Speaking at a climate conference in Copenhagen on 12 October, Soros also said he plans to establish – with $100 million of his own money – a new environmental policy group called Climate Policy Initiative. “I want to apply rather stringent criteria to the investments,” Soros told Bloomberg in an email. “They should be profitable but should also actually make a contribution to solving the problem.” Soros 

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