Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Clinton Debuts $1B Renewable-Energy Fund
Fox News ^ | 9/22/2006 | Nahal Toosi

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.

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events
KEYWORDS: clinton; energy; renewenergy
Renewable energy development is not something in which republicans should let democrats be seen as taking are more leading role.
1 posted on 09/22/2006 11:07:37 AM PDT by Uncledave
[ Post Reply | Private Reply | View Replies]

To: RedStateRocker; Dementon; eraser2005; Calpernia; DTogo; Maelstrom; Yehuda; babble-on; ...
Renewable Energy Ping

Please Freep Mail me if you'd like on/off

2 posted on 09/22/2006 11:08:04 AM PDT by Uncledave
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave
would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit

He is a little late to the game. Alternative fuels have not only been developed...but they are actually for sale now.
3 posted on 09/22/2006 11:09:13 AM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave

This fund will not be a leading role.

Just a place for crooks to steal from other crooks.


4 posted on 09/22/2006 11:09:15 AM PDT by newcthem (Brought to you by the INFIDEL PARTY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave

Give credit where credit is due. This idea isn't half bad. We'll see how well it actually works.


5 posted on 09/22/2006 11:09:28 AM PDT by Reaganesque
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave

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?


6 posted on 09/22/2006 11:09:51 AM PDT by RexBeach (Will Rogers Never Met Bill Clinton.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave
Renewable energy development is not something in which republicans should let democrats be seen as taking are more leading role.

That is up to the Republicans. I seldom hear them mention it...although this administration has done more for alternative fuels that all the prior administrations combined.
7 posted on 09/22/2006 11:10:56 AM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave
The Green Fund would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming

If it's market based, and reduces dependence on Islamic states, I'm all for it.

8 posted on 09/22/2006 11:12:58 AM PDT by Lazamataz (Islam is a pathological disorder masquerading as a religion.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave
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.

I'm sure it will make a profit for Bubba, but I'd be very wary of this.

9 posted on 09/22/2006 11:14:58 AM PDT by Rummyfan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

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???


10 posted on 09/22/2006 11:16:54 AM PDT by tigtog
[ Post Reply | Private Reply | To 8 | View Replies]

To: Reaganesque

See who all the money is coming from and you'll find out the name of the game.


11 posted on 09/22/2006 11:17:58 AM PDT by Sacajaweau (God Bless Our Troops!!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: P-40

"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.



12 posted on 09/22/2006 11:19:10 AM PDT by EQAndyBuzz ("Freedom by its nature cannot be imposed, it must be chosen")
[ Post Reply | Private Reply | To 3 | View Replies]

To: All

Didn't Bubba make some sleazy energy deals with China when he was in office??


13 posted on 09/22/2006 11:20:09 AM PDT by Sacajaweau (God Bless Our Troops!!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Uncledave

"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. "

Ecch...

"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.


14 posted on 09/22/2006 11:20:19 AM PDT by EQAndyBuzz ("Freedom by its nature cannot be imposed, it must be chosen")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganesque

"Green" investment funds have been around for 25 years or more. Clintoon gets credit.


15 posted on 09/22/2006 11:20:44 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: tigtog
My guess is if the Dems are promoting it,

They are just trying to get some camera-time in on something the Republicans have cleaned their clock on.
16 posted on 09/22/2006 11:21:22 AM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Eric in the Ozarks

There is already the Clinton Global Initiative and now this. The former Buffoon-in-Chief is working real hard at polishing that legacy....


17 posted on 09/22/2006 11:29:52 AM PDT by Rummyfan
[ Post Reply | Private Reply | To 15 | View Replies]

To: Rummyfan

I suspect the target is a three page environmental weeper piece for your Sunday paper.


18 posted on 09/22/2006 11:33:58 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Uncledave
"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.

Guffaw!

19 posted on 09/22/2006 11:34:29 AM PDT by Rummyfan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganesque
If it was a good idea, why didn't Clinton do it while he was the most powerful man on the planet for eight years? Its usually like stem cell research or 'poverty reduction' programs, lots of money gets spent and virtually nothing comes out of it. Private money has already been chasing most of the same things and returning little - like fetal stem cells - yet the things which are the most promising are those which the liberals don't seem to give a damn about.

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.

20 posted on 09/22/2006 11:55:15 AM PDT by bpjam (Hezbollah, Hamas, Al Qaida - The Religion of Peace)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Uncledave

ALL of this money will find its illegal way into dim pockets. satan's son would have it no other way.

LLS


21 posted on 09/22/2006 11:58:10 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave
From the man who did NOTHING to reduce our fossil fuel dependence, increase domestic supplies, or increase renewables while he was President.

It's all about Bill and his legacy.

22 posted on 09/22/2006 12:03:14 PM PDT by DTogo (I haven't left the GOP, the GOP left me.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: P-40

"although this administration has done more for alternative fuels that all the prior administrations combined."

Where do you get this idea?


23 posted on 09/22/2006 12:05:29 PM PDT by eraser2005
[ Post Reply | Private Reply | To 7 | View Replies]

To: EQAndyBuzz

How on earth would drilling ANWR reduce dependence on fossil fuels, lessen pollution, or reduce global warming?


24 posted on 09/22/2006 12:06:45 PM PDT by eraser2005
[ Post Reply | Private Reply | To 12 | View Replies]

To: eraser2005

Oops. When I saw dependence I thought they meant dependence on foreign sources of fossil fuels.

Nevermind.


25 posted on 09/22/2006 12:14:30 PM PDT by EQAndyBuzz ("Freedom by its nature cannot be imposed, it must be chosen")
[ Post Reply | Private Reply | To 24 | View Replies]

To: eraser2005
Where do you get this idea?

I've followed the bio-fuels markets for a lot of years.
26 posted on 09/22/2006 12:14:31 PM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: abbi_normal_2; adam_az; Alamo-Girl; Alas; alfons; alphadog; AMDG&BVMH; amom; AndreaZingg; ...
Rights, farms, environment ping Let me know if you wish to be added or removed from this list.I don't get offended if you want to be removed
27 posted on 09/22/2006 12:25:07 PM PDT by freepatriot32 (Holding you head high & voting Libertarian is better then holding your nose and voting republican)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freepatriot32

BTTT


28 posted on 09/22/2006 12:32:50 PM PDT by E.G.C.
[ Post Reply | Private Reply | To 27 | View Replies]

To: Uncledave
This is little more than resource racketeering and regulatory influence peddling.

Glow-bill Warming is Democrats using taxes as a political slush fund.

29 posted on 09/22/2006 1:22:31 PM PDT by Carry_Okie (There are people in power who are REALLY stupid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: P-40

Terrific! You are actually informed. /no sarc


30 posted on 09/22/2006 2:03:57 PM PDT by ClaireSolt (Have you have gotten mixed up in a mish-masher?)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Uncledave
If Clinton can con enough billionaires on the idea of fighting global warming; we could be into a new ice age by Christmas. BIIIIIIIIIIIIIIIIIIGGGGGGGGGGGGGGG oil should be donating too. Imagine the heating oil requirements if the Dimbocrats are successful.
31 posted on 09/22/2006 3:09:35 PM PDT by F.J. Mitchell (Vermin of a feather, flock together; Democrats, socialist, communists, islomafaciests and the MSM.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Uncledave

I don't mind the idea of taking his money...but Clinton's crooked and that fund will simply rip off investors for his benefit or that of one of his buddies.


32 posted on 09/23/2006 5:59:25 AM PDT by Maelstrom (To prevent misinterpretation or abuse of the Constitution:The Bill of Rights limits government power)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson