[lbo-talk] Soros aims to invest $1 bln in green tech

[Fernando Cassia]

On Sun, Oct 11, 2009 at 2:29 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Oct 11, 2009, at 1:06 PM, Fernando Cassia wrote:
>
>> "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*."
>>
>> $10M a year x 10 years = 100M in my book.... how does that turn into
>> $1B??!?!?!
>>
>> Soros aims to invest $1 bln in green tech | U.S. | Reuters
>> http://www.reuters.com/article/newsOne/idUSTRE5992BJ20091010
>
> He's going to invest the $1b, presumably for profit. The $10m x 10 is
> presumably a more philanthropic venture, but I doubt George ever does
> anything without a strong measure of self-interest.

Two separate ventures... now I understand. I read too fast and thought
Roiters had flunked the math test.

I believe Soros also owns vast amounts of land in the Argentine
Patagonia a region with very high winds throughout the year. I guess
we´ll be seeing more and more wind farms down here...

FC