San Francisco to be home to Soros-funded climate group

Billionaire George Soros will invest $1 billion in clean-energy technology and create an organization that will advise policymakers as they address climate change, which he called a “political problem.”

“I want to apply rather stringent criteria to the investments,” said Soros in an e-mailed message. “They should be profitable but should also actually make a contribution to solving the problem.”