Clinton Debuts $1B Renewable-Energy Fund

Fox News ^ | 9/22/2006 | Nahal Toosi

[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.

[Uncledave]

Renewable energy development is not something in which republicans should let democrats be seen as taking are more leading role.

[Uncledave]

Renewable Energy Ping

Please Freep Mail me if you'd like on/off

[P-40]

would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit

He is a little late to the game. Alternative fuels have not only been developed...but they are actually for sale now.

[newcthem]

This fund will not be a leading role.

Just a place for crooks to steal from other crooks.

[Reaganesque]

Give credit where credit is due. This idea isn't half bad. We'll see how well it actually works.

[RexBeach]

I think Bill Clinton is warming at an alarming rate.

I wonder if there are a lot of hot looking chicks in the global warming department?

[P-40]

Renewable energy development is not something in which republicans should let democrats be seen as taking are more leading role.

That is up to the Republicans. I seldom hear them mention it...although this administration has done more for alternative fuels that all the prior administrations combined.

[Lazamataz]

The Green Fund would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming

If it's market based, and reduces dependence on Islamic states, I'm all for it.

[Rummyfan]

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.

I'm sure it will make a profit for Bubba, but I'd be very wary of this.

[tigtog]

If these technologies are economically attractive, they don't need to create a special fund with a used car salesman as the shill. My guess is if the Dems are promoting it, it is largely made of hopes and wishes and not real technology. If you really have a better mouse trap why would you pay slimy billy to advertise it???

[Sacajaweau]

See who all the money is coming from and you'll find out the name of the game.

[EQAndyBuzz]

"would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit"

Wow. If they drill in ANWR they do all of this.

[Sacajaweau]

Didn't Bubba make some sleazy energy deals with China when he was in office??

[EQAndyBuzz]

"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. "

Ecch...

"NEW YORK — Former President Clinton announced the launch of an investment fund expected to raise more than $1 billion for the presidential campaign coffers of his wife, Hillary Rodham Clinton on Friday, the final day of his global issues conference. "

There we go.

[Eric in the Ozarks]

"Green" investment funds have been around for 25 years or more. Clintoon gets credit.

[P-40]

My guess is if the Dems are promoting it,

They are just trying to get some camera-time in on something the Republicans have cleaned their clock on.

[Rummyfan]

There is already the Clinton Global Initiative and now this. The former Buffoon-in-Chief is working real hard at polishing that legacy....

[Eric in the Ozarks]

I suspect the target is a three page environmental weeper piece for your Sunday paper.

[Rummyfan]

"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.

Guffaw!

[bpjam]

If it was a good idea, why didn't Clinton do it while he was the most powerful man on the planet for eight years? Its usually like stem cell research or 'poverty reduction' programs, lots of money gets spent and virtually nothing comes out of it. Private money has already been chasing most of the same things and returning little - like fetal stem cells - yet the things which are the most promising are those which the liberals don't seem to give a damn about.

I'm all for billionaire liberals actually using their money to solve something instead of giving it to John Kerry or Hillary Clinton. But unless they do something which is free market oriented, it still won't amount to squat.