In 2009, wealthy philanthropist George Soros used $1 billion of his own money to launch a think tank known as the Climate Policy Initiative. That organization’s goal was to help develop clean, renewable energy to move the planet away from its reliance on more harmful energy sources.
“There is no magic bullet for climate change, but there is a lethal bullet: coal, ” Soros said at the time.
But despite specifically identifying coal as the main culprit in global warming, the billionaire has now invested heavily in that very industry. Over the past few months, Soros has spent $2 million to help prop up two major coal companies, Peabody Energy and Arch Coal.
