Clinton debuts $1B renewable-energy fund

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.

AP