Published On: Wed, Aug 19th, 2015

Anti-Global Warming Crusader George Soros Invested Millions in Coal

While ostensibly a leading advocate for the reduction of greenhouse emissions, billionaire George Soros recently invested millions in the coal industry.

George_Soros- WIKIPEDIA

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.

 

Read more about: , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems