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Clinton to Start $1 Billion Renewable Energy Fund

Posted by ryuzaki0 on from the that's-a-lot-of-batteries dept.

antifoidulus writes "ABC news is reporting that former President Bill Clinton has announced the creation of a $1 Billion investment fund devoted to renewable energy. This will be an investment fund as opposed to charity, and Clinton has said that '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.' Former World Bank President James D. Wolfensohn will be managing the fund."

2 of 177 comments (clear)

  1. Finally... by HoosierPeschke · · Score: 4, Interesting

    Someone is doing something. But our problem is we rely so much on fossil fuels that large industries are built around it (automotive, gas stations, refineries). Even though fossil fuels may be deemed as evil the working guy/gal at these places would probably like to remain employed.

    Moving away from fossil fuels may be for the greater good but we can't forget about the side effects that will have.

    --
    Mr. Universe: "They can't stop the signal, Mal. They can never stop the signal."
    1. Re:Finally... by MichaelSmith · · Score: 4, Interesting
      Someone is doing something

      There has been a lot of talk here in .au about our prime minister sucking to to GWB, particularly on environmental issues. Now there is talk of even GWB doing a U turn on energy policy. John Howard is going to look soooo stupid. I hope.

      --
      http://michaelsmith.id.au