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Clinton Debuts $1B Renewable-Energy Fund
Fox News ^ | 9/22/2006 | Nahal Toosi

Posted on 09/22/2006 11:07:36 AM PDT by Uncledave

Friday, September 22, 2006

By NAHAL TOOSI, Associated Press Writer

NEW YORK — Former President Clinton announced the launch of an investment fund expected to raise more than $1 billion for renewable energy on Friday, the final day of his global issues conference.

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, Clinton said.

The announcement at the Global Initiative Conference came a day after British business mogul Richard Branson pledged $3 billion to battle global warming,

"The earth is warming at an alarming rate, we are running out of fossil fuels, and it is long past time for us to take action to correct these problems,"Clinton said in a statement.

The fund's launch was announced by Clinton, former World Bank President James D. Wolfensohn, Vinod Khosla of Khosla Ventures, Yucaipa Companies founder Ron Burkle and business leader and philanthropist Steve Bing. Wolfensohn will serve as the fund's managing director.

The three-day initiative, which debuted last year, is an annual gathering of business, political and nonprofit leaders that requires participants to make financial or other commitments to help solve global problems. Sen. Hillary Rodham Clinton, the wife of the former president and a potential 2008 presidential candidate, attended Friday's session.

Some 150 other commitments amounting to nearly $3 billion also were promised to tackle causes ranging from improving health care in rural China to promoting environmental maintenance in the South Bronx.

The 2005 conference resulted in $2.5 billion in commitments, less than half of the nearly $6 billion pledged so far this year. ___

Associated Press Writer Beth Fouhy contributed to this report.

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events
KEYWORDS: clinton; energy; renewenergy
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To: Uncledave

ALL of this money will find its illegal way into dim pockets. satan's son would have it no other way.

LLS


21 posted on 09/22/2006 11:58:10 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: Uncledave
From the man who did NOTHING to reduce our fossil fuel dependence, increase domestic supplies, or increase renewables while he was President.

It's all about Bill and his legacy.

22 posted on 09/22/2006 12:03:14 PM PDT by DTogo (I haven't left the GOP, the GOP left me.)
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To: P-40

"although this administration has done more for alternative fuels that all the prior administrations combined."

Where do you get this idea?


23 posted on 09/22/2006 12:05:29 PM PDT by eraser2005
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To: EQAndyBuzz

How on earth would drilling ANWR reduce dependence on fossil fuels, lessen pollution, or reduce global warming?


24 posted on 09/22/2006 12:06:45 PM PDT by eraser2005
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To: eraser2005

Oops. When I saw dependence I thought they meant dependence on foreign sources of fossil fuels.

Nevermind.


25 posted on 09/22/2006 12:14:30 PM PDT by EQAndyBuzz ("Freedom by its nature cannot be imposed, it must be chosen")
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To: eraser2005
Where do you get this idea?

I've followed the bio-fuels markets for a lot of years.
26 posted on 09/22/2006 12:14:31 PM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: abbi_normal_2; adam_az; Alamo-Girl; Alas; alfons; alphadog; AMDG&BVMH; amom; AndreaZingg; ...
Rights, farms, environment ping Let me know if you wish to be added or removed from this list.I don't get offended if you want to be removed
27 posted on 09/22/2006 12:25:07 PM PDT by freepatriot32 (Holding you head high & voting Libertarian is better then holding your nose and voting republican)
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To: freepatriot32

BTTT


28 posted on 09/22/2006 12:32:50 PM PDT by E.G.C.
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To: Uncledave
This is little more than resource racketeering and regulatory influence peddling.

Glow-bill Warming is Democrats using taxes as a political slush fund.

29 posted on 09/22/2006 1:22:31 PM PDT by Carry_Okie (There are people in power who are REALLY stupid.)
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To: P-40

Terrific! You are actually informed. /no sarc


30 posted on 09/22/2006 2:03:57 PM PDT by ClaireSolt (Have you have gotten mixed up in a mish-masher?)
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To: Uncledave
If Clinton can con enough billionaires on the idea of fighting global warming; we could be into a new ice age by Christmas. BIIIIIIIIIIIIIIIIIIGGGGGGGGGGGGGGG oil should be donating too. Imagine the heating oil requirements if the Dimbocrats are successful.
31 posted on 09/22/2006 3:09:35 PM PDT by F.J. Mitchell (Vermin of a feather, flock together; Democrats, socialist, communists, islomafaciests and the MSM.)
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To: Uncledave

I don't mind the idea of taking his money...but Clinton's crooked and that fund will simply rip off investors for his benefit or that of one of his buddies.


32 posted on 09/23/2006 5:59:25 AM PDT by Maelstrom (To prevent misinterpretation or abuse of the Constitution:The Bill of Rights limits government power)
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