Monday, November 30, 2015

Climate Change: Billionaires Back Clean Energy Research

Gates, Zuckerberg and other billionaires to back clean energy (Yahoo! Finance)

Bill Gates, Mark Zuckerberg and another two dozen billionaires are hoping to speed up research into clean energy with a new investing initiative to back promising technologies.

The group, dubbed the Breakthrough Energy Coalition, plans to invest in everything from electricity generation and storage to transportation and energy system efficiency. But the group, which also includes Alibaba CEO Jack Ma, Amazon CEO Jeff Bezos, Hewlett Packard Enterprises CEO Meg Whitman, and SAP Chairman Hasso Plattner, hasn't yet disclosed how much capital they'll be contributing or many details about their investment selection process. Other prominent investors in the group include venture capitalists John Doerr and Vinod Khosla along with hedge fund titans Ray Dalio and Julian Robertson.

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