George Soros To Invest $1 Billion In Clean Energy

Bloomberg:

Billionaire George Soros, looking to address the "political problem" of climate change, said he will invest $1 billion in clean-energy technology and create an organization to advise policy makers on environmental issues.

Read the whole story: Bloomberg

Comments

[econ1]

07:06 PM on 10/13/2009

That would seem to be the right ratio. 10% for lobbying.

[falco]

04:40 PM on 10/13/2009

Google Soros and find out where he got the billion from.

[Saloontendwsd]

12:38 PM on 10/13/2009

ah... Obamas Communist Brother

[BernankeMadoff]

10:45 AM on 10/13/2009

The government has put the same punch bowl out that got us into the mess in the first place. More debt and consumption and don't worry about paying it back. (Berbnanke= Greenspan II)

Good articles: http://pie.im/af30

If this is change we can believe in, count me out in 2012. Obama should not have reappointed bernanke.

[texfly]

11:54 PM on 10/12/2009

If WE lead, they will follow. If WE DON"T China WILL, soon, VERY SOON!

Sun Tzu says, he who makes energy has everything at his disposal.

[texfly]

11:50 PM on 10/12/2009

1 ¢/kWh surcharge on all electricity would yield $38 biilion this year and $100 B/yr after 10 years.

1 ¢/kWh --> $38,000,000,000 --> 38, 000 wind turbines --> 19 GWe

[Kode]

04:35 PM on 10/12/2009

This is how you give to charity. You don't create a non-profit hole for people to do really good things, one good time. You create a sustainable model for future generations. Yeah he's going to get richer but so long as dollars are being used productively, there is a collect benefit. I wish more people would "invest" in clean energy instead of donating to the green movement.

[RomeoMD25]

03:41 PM on 10/12/2009

Records show that Al and Tipper Gore paid a monthly gas-and-electric bill of $2,400 for their 20-room mansion and related outbuildings. That includes $500 a month for their poolhouse. Gore claimed that he bought "carbon offsets" to make up for his $30K annual energy tab. Where did he buy offsets? From Generation Investment Management (GIM), a firm which lists Gore as Chairman.

[little old lady]

12:13 AM on 10/13/2009

Oh Romeo, are you still harping on this? This is ancient history. Gore doesn't even live in the house of which you speak any more.

[wizedollars]

11:45 AM on 10/12/2009

Early winter conditions are hitting all over the world and they're still pushing this fraud. It's all about the $

[little old lady]

12:16 AM on 10/13/2009

Yes, it is starting to snow here tonight. But, wait! That's WEATHER, not climate.

No, it's not all about the $$, it's about the future of all living things ( except cockroaches maybe--they seem to survive everything)

[RomeoMD25]

11:06 AM on 10/12/2009

Austria: Earliest snowfall in history set to break records

http://austriantimes.at/news/General_News/2009-10-12/17147/Early_snow_records_set_to_be_broken

[MsJoanne]

10:55 PM on 10/12/2009

Point made. Climate change is happening all over.

No scientist, you, that's for sure.

[texfly]

11:59 PM on 10/12/2009

Romeo. Climate Change means climate change means sun here, rain there, snow somewhere else. Often when and where you don't expect it. Colder early than usual can be an indication of global WARMING ... or not.

[econ1]

07:04 PM on 10/13/2009

That about covers it.

[Rentug]

10:43 AM on 10/12/2009

Obama needs to carry out more reform. He needs to get things done instead of just talking and planning because his voters are becoming impatient and the robber barons are at it again.

Good articles: http://pie.im/af30

2 party system gives no results.

[Josie Wales]

02:55 PM on 10/12/2009

Two party system gives no results?....... Several historical figures would totally agree with you...Chief among them are Mao, Stalin, Hitler, Castro and Kim Jong Il.

[little old lady]

12:19 AM on 10/13/2009

You should step into President Obama's shoes for a day. Does he have enough problems? Enough to deal with? He has so many things underway now! Give him some time (yes, I see the robber barons at work too. What can WE do to stop them?)

[doubtingdavid]

09:18 AM on 10/12/2009

Just like Algore he's investing in industries he plans to benefit from when cap and tax passes.

[Peter007]

08:56 AM on 10/12/2009

George Soros is 80 years old and a left winger. He has a net worth of about 11 billion dollars. He knows he has only a short time left on this earth and he wants to do something with his money that may have an impact long after he is gone.
I wouldn't think his decission is based upon profitable returns on his investment.
I wish him well.

[Lionsden]

07:55 AM on 10/12/2009

Leftist have to LIE about global warming and destroy "scientific evidence" about global warming.

Read story at Ron Paul's Campaing for Liberty.

http://www.campaignforliberty.com/article.php?view=262

In my day environmentalists respected freedom AND nature.

In our day, they destroy freedom because of their deranged viewpoint that presumes that humans are not part of the natural order of things.

[NoWMDs]

08:01 AM on 10/12/2009

The fake scientists from Life University hired by the past administration are the ones that destroy and distort the truth. If anyone believes that global warming is a hoax from the left, you need to get your head examined.

[PhilipTaylor]

06:54 AM on 10/12/2009

Highest Incomes, $3.7 Billion to John Paulson, $2.9 Billion Soros Paid less than 15% TAX

http://www.yentering.com/john+paulson+hedge+fund

Yes they made it running company after company after bank after bank into or near Bankruptcy!

So $1 Billion is 1/3rd of a year of SHORTING COMPANIES for Soros!

[little old lady]

12:25 AM on 10/13/2009

That 15% was a Bush tax rate, as I understand it.
Time to tax the rich again--the picnic is over.
Maybe Soros paid little taxes also because he donated so much to charities.