Thursday, 26 March 2015
Last updated 2 min ago
Feb 27 2009 | 7:55am ET
Peter Diamandis, founder of the X Prize Foundation, the self-proclaimed mission of which is to “bring about radical breakthroughs for the benefit of humanity,” says philanthropists, rather than government, may be best positioned to tackle climate change.
“It’s great that governments the world over have woken up to the need for finding new ways to generate energy and extract carbon from the atmosphere,” Diamandis told the BBC, “The question is will they take the kind of risks needed because to have a fundamental breakthrough requires real risk taking.”
Diamandis was speaking on the sidelines of the Cleantech Forum in San Francisco, a gathering of nearly 800 industry leaders representing about $3 trillion in capital.
"The day before something is really a breakthrough,” said Diamandis, “It’s a crazy idea.”
Diamandis told the BBC he believed a growing army of billionaire philanthropists might be best placed to take the necessary risks.
“There are more than 1,000 individual billionaires who all of a sudden have the power to change the world for the better.
“These are people trying to transition from success to significance and now they can use that capital to try and change the world,” said Diamandis.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…