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UC joins Bill Gates' clean-energy coalition with $1-billion investment

UC joins Bill Gates' clean-energy coalition with $1-billion investment

The University of California is looking to play a prominent role as Bill Gates and other billionaires from around the world form a new private fund that will invest in the development of large-scale carbon-free energy solutions.

The fund, announced Monday in connection with the climate change talks that opened in Paris, will be staffed by scientists and financial experts and will consider a wide array of investments -- including biofuels, solar and wind power and efforts to capture carbon emissions from fossil fuels, Gates said in a conference call with reporters.

“We’re unbiased, but it has to be clean and it has to have a chance of scaling up at a cost lower than...

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