This one said this:
Soros to Invest $1 Billion in Clean Energy, Form Advisory Group
By Katherine Burton and Jim Efstathiou Jr.
Oct. 12 (Bloomberg) — 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, the founder of hedge fund Soros Fund Management LLC, announced the investment in Copenhagen on Oct. 10 at a meeting on climate change sponsored by Project Syndicate. The group is an international association made up of 430 newspapers from 150 countries.
“I want to apply rather stringent criteria to the investments,” said Soros in an e-mailed message. “They should be profitable but should also actually make a contribution to solving the problem.”
Soros’s announcement comes two months before 190 nations will gather in the Danish capital for a final round of negotiations on a new climate treaty that includes provisions to finance clean- energy projects in developing nations. Talks last week in Bangkok were marked by a dispute between richer and poorer nations over whether to renew or abandon the Kyoto Protocol, the only existing global agreement to reduce carbon dioxide, which is blamed for global warming.
Soros, whose own wealth accounts for much of the approximately $24 billion his New York-based firm oversees, didn’t provide any details in his speech on the type or scope of investments he might make. Michael Vachon, his spokesman, wasn’t available to comment on his specific plans.
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.
The other says he wants us to keep burning carbon based fuel..just his carbon based fuel:
New jobs from renewable energy and conservation.
Any discussion of alternatives should begin with the 2007 Department of Energy study showing that building out our wind capacity in the Great Plains – from northern Texas to the Canadian border – would produce 138,000 new jobs in the first year, and more than 3.4 million new jobs over a ten-year period, while also producing as much as 20 percent of our needed electricity.
Building out solar energy in the Southwest from western Texas to California would add to the boom of new jobs and provide more of our growing electrical needs – doing so through economically viable, clean, renewable sources.
To move that electricity from where it is being produced to where it is needed will require an upgrade to our national electric grid. A 21st century transmission grid which will, as technology continues to develop, deliver power where it is needed, when it is needed, in the direction that it is needed, will be the modern equivalent of building the Interstate Highway System in the 1950’s.
Beyond that, tremendous improvements in electricity use can be made by creating incentives for owners of homes and commercial buildings to retrofit their spaces with proper insulation. Studies show that a significant upgrading of insulation would save the equivalent of one million barrels of oil per day in energy by cutting down on both air conditioning costs in warm weather and heating costs in winter.
A domestic fuel to free us from foreign oil.
Conserving and harnessing renewable forms of electricity not only has incredible economic benefits, but is also a crucial piece of the oil dependence puzzle. We should continue to pursue the promise of electric or hydrogen powered vehicles, but America needs to address transportation fuel today. Fortunately, we are blessed with an abundance of clean, cheap, domestic natural gas.
Currently, domestic natural gas is primarily used to generate electricity. It has the advantage of being cheap and significantly cleaner than coal, but this is not the only use of our natural gas resources.
By aggressively moving to shift America’s car, light duty and heavy truck fleets from imported gasoline and diesel to domestic natural gas we can lower our need for foreign oil – helping President Obama reach his goal of zero oil imports from the Middle East within ten years.
Nearly 20% of every barrel of oil we import is used by 18-wheelers moving goods around and across the country by burning imported diesel. An over-the-road truck cannot be moved using current battery technology. Fleet vehicles like buses, taxis, express delivery trucks, and municipal and utility vehicles (any vehicle which returns to the “barn” each night where refueling is a simple matter) should be replaced by vehicles running on clean, cheap, domestic natural gas rather than imported gasoline or diesel fuel.
A plan that brings it all together.
Natural gas is not a permanent or complete solution to imported oil. It is a bridge fuel to slash our oil dependence while buying us time to develop new technologies that will ultimately replace fossil transportation fuels. Natural gas is the critical puzzle piece that will help us to keep more of the $350 to $450 billion we spend on imported oil every year at home, where it can power our economy and pay for our investments in wind energy, a smart grid and energy efficiency.
It is this connection that makes The Pickens Plan not just a collection of good ideas, but a plan. By investing in renewable energy and conservation, we can create millions of new jobs. Developing new alternative energies while utilizing natural gas for transportation and energy generation; securing our economy by reducing our dependence on foreign oil, and keeping more money at home to pay for the whole thing
I know which one I’d pick…How bought you?