Skip to comments.Clinton Debuts $1B Renewable-Energy Fund
Posted on 09/22/2006 11:07:36 AM PDT by Uncledave
Friday, September 22, 2006
By NAHAL TOOSI, Associated Press Writer
NEW YORK Former President Clinton announced the launch of an investment fund expected to raise more than $1 billion for renewable energy on Friday, the final day of his global issues conference.
The Green Fund would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit, Clinton said.
The announcement at the Global Initiative Conference came a day after British business mogul Richard Branson pledged $3 billion to battle global warming,
"The earth is warming at an alarming rate, we are running out of fossil fuels, and it is long past time for us to take action to correct these problems,"Clinton said in a statement.
The fund's launch was announced by Clinton, former World Bank President James D. Wolfensohn, Vinod Khosla of Khosla Ventures, Yucaipa Companies founder Ron Burkle and business leader and philanthropist Steve Bing. Wolfensohn will serve as the fund's managing director.
The three-day initiative, which debuted last year, is an annual gathering of business, political and nonprofit leaders that requires participants to make financial or other commitments to help solve global problems. Sen. Hillary Rodham Clinton, the wife of the former president and a potential 2008 presidential candidate, attended Friday's session.
Some 150 other commitments amounting to nearly $3 billion also were promised to tackle causes ranging from improving health care in rural China to promoting environmental maintenance in the South Bronx.
The 2005 conference resulted in $2.5 billion in commitments, less than half of the nearly $6 billion pledged so far this year. ___
Associated Press Writer Beth Fouhy contributed to this report.
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This fund will not be a leading role.
Just a place for crooks to steal from other crooks.
Give credit where credit is due. This idea isn't half bad. We'll see how well it actually works.
I think Bill Clinton is warming at an alarming rate.
I wonder if there are a lot of hot looking chicks in the global warming department?
If it's market based, and reduces dependence on Islamic states, I'm all for it.
I'm sure it will make a profit for Bubba, but I'd be very wary of this.
If these technologies are economically attractive, they don't need to create a special fund with a used car salesman as the shill. My guess is if the Dems are promoting it, it is largely made of hopes and wishes and not real technology. If you really have a better mouse trap why would you pay slimy billy to advertise it???
See who all the money is coming from and you'll find out the name of the game.
"would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit"
Wow. If they drill in ANWR they do all of this.
Didn't Bubba make some sleazy energy deals with China when he was in office??
"NEW YORK Former President Clinton announced the launch of an investment fund expected to raise more than $1 billion for renewable energy on Friday, the final day of his global issues conference. "
"NEW YORK Former President Clinton announced the launch of an investment fund expected to raise more than $1 billion for the presidential campaign coffers of his wife, Hillary Rodham Clinton on Friday, the final day of his global issues conference. "
There we go.
"Green" investment funds have been around for 25 years or more. Clintoon gets credit.
There is already the Clinton Global Initiative and now this. The former Buffoon-in-Chief is working real hard at polishing that legacy....
I suspect the target is a three page environmental weeper piece for your Sunday paper.
I'm all for billionaire liberals actually using their money to solve something instead of giving it to John Kerry or Hillary Clinton. But unless they do something which is free market oriented, it still won't amount to squat.