Sep 20 - At the start of the 7th annual Clinton Global Initiative, former U.S. President Bill Clinton focused on creating jobs by putting money into energy-efficient infrastructure. Bobbie Rebell reports.
Former U.S. President Bill Clinton lauded a pledge by several top U.S. unions to re-invest $10 billion over the next five years in energy-efficient infrastructure and urged investors to back such projects. Speaking at the start of his Clinton Global Initiative, Clinton said the program has clear economic benefits and could create hundreds of thousands of jobs: SOUNDBITE: BILL CLINTON, FORMER U.S. PRESIDENT AND FOUNDING CHAIRMAN OF THE CLINTON GLOBAL INITIATIVE (ENGLISH) SAYING: "This is a huge deal that goes right at the biggest unemployment problem we have in the United States, right at the climate change challenge and puts more disposable income into the hands of people who will almost certainly spend it." Clinton stressed that these kinds of programs could translate around the globe: SOUNDBITE: BILL CLINTON, FORMER U.S. PRESIDENT AND FOUNDING CHAIRMAN OF THE CLINTON GLOBAL INITIATIVE (ENGLISH) SAYING: "This could be done not just in the United States but in every European country in every wealthy Asian country. This thing, this system will work and you get guaranteed savings." The annual summit is the 7th for the Clinton Global Initiative and is expected to be attended by over 1200 people and 50 heads of state including current U.S. president Barack Obama. Bobbi Rebell, Reuters.