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Soros to invest $1 billion in green technology

by Pat Coate | October 15, 2009
“I want to apply rather stringent criteria to the investments ... They should be profitable but should also actually make a contribution to solving the problem.”
- George Soros, investment guru

Billionaire George Soros, the founder of hedge-fund Soros Fund Management LLC, said on Saturday in a meeting on climate change sponsored by Project Syndicate, that he would invest $1 billion in clean-energy technology.

The Hungarian-born U.S. investor also announced he would form and fund a new Climate Policy Initiative with $10 million a year for 10 years.

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