5/25/2010

Blair joins green venture capital firm

Mike Harvey in San Francisco Tony Blair has been signed up as an adviser by a Silicon Valley venture capital firm specialising in green technology.

The former Prime Minister “will leverage his advocacy for environmental issues”, according to Khosla Ventures, which has invested billions of dollars in an extensive portfolio that includes solar, wind, and nuclear energy, along with high-efficiency engines.

The firm was started by the Sun Microsystems co-founder Vinod Khosla in 2004.

Mr Blair said: “I share a clear vision with Vinod, one of the earliest leaders in clean-tech investment, that entrepreneurs in Silicon Valley and beyond will have a tremendous impact on our environmental future. I am increasingly and crucially aware of the fact that the answer to these twin challenges — climate change and energy security — lies in developing the technological solutions of the future.”

Mr Blair said that he could help with understanding the direction of government policies and make connections for Khosla. Mr Blair leads a Breaking the Climate Deadlock initiative aimed at getting countries worldwide to work together to combat climate change.

Khosla’s companies include Calera, a manufacturer of green cement products, and Kior, which converts wood chips into biofuels. Mr Blair was taking part in a Khosla Ventures summit in California on Monday.

Mr Khosla said: “I have always admired Mr Blair’s early and consistent commitment to addressing climate change.”

No comments: