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Billionaire George Soros, looking to address the “political problem” of climate change, said he will invest $1 billion in clean-energy technology and donate $100 million to an environmental advisory group to aid policymakers.
Soros, founder of hedge fund Soros Fund Management, announced the investment in Copenhagen on Saturday at a meeting on climate change sponsored by Project Syndicate.
“I want to apply rather stringent criteria to the investments,” he said by e-mail. “They should be profitable but should also actually make a contribution to solving the problem.”
Bloomberg News



