Recession is the time for cleantech spending, says Soros

Financier George Soros of the Open Society Foundations said that this is the time to invest in projects for “less dependence on fossil fuels” as well as an intelligent power grid.

(October 11, 2010) — Speaking with NPR’s Guy Raz, financier George Soros of the Open Society Foundations said that this is the time to invest in projects for “less dependence on fossil fuels” as well as an intelligent power grid.

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He cites large public works projects as creating employment and stimulating the economy, but sees more government stimulus as an unlikely political move in the US.

George Soros is founder and chairman of the Open Society Foundations. He is also the chairman of Soros Fund Management LLC, which has assets of approximately $27 billion. A longer biography is available on his Website.

The interview’s transcript and audio are available at http://www.npr.org/templates/story/story.php?storyId=130453863