GREEN ENERGY NEWS: George Soros to Invest $1 Billion in Green Power

There are few champions of democracy among the world's billionaires, but George Soros (via Open Society Institute and Soros Foundation Network) definitely seems to be one of the few with a shot at slipping through the eye of the needle. He has recently announced 2 major initiatives for green energy and climate change:

Climate Policy Initiative

Soros, 79, also will establish the Climate Policy Initiative, a San Francisco-based organization to which he will donate $10 million a year for 10 years.

“It will be part advisory service, part policy developer and part watchdog,” said Thomas Heller, who is heading the initiative. Heller is a professor at Stanford University Law School whose expertise is in energy law and regulation and environmental law.

Its goal is to look after the public interest as policies and programs are created to address climate change. The group will work in the U.S., Europe, China, India and Brazil, he said.

Soros Fund Investments in Clean Energy Technology

Soros, hoping to confront the “political problem” of climate change, will invest $1 billion in clean energy technology, creating an organization to advise policy makers on environmental issues. Soros, whose own wealth accounts for much of the approximately $24 billion his New York-based money-management firm oversees, didn’t provide any details in his speech on the type or scope of investments he might make.

Clean Energy Investing links:

Guide to Green Mutual Funds

Green Stocks Investing Network

Best Green Stocks Blog