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$100 million to address global climate change

June 04, 2007

$100 million to address global climate change

STRI will receive US$8 million dollars, part of a $100 million donation from HSBC aimed at addressing the questions posed by global climate change

STRI will receive US$8 million dollars, part of a $100 million donation from HSBC aimed at addressing the questions posed by global climate change. The other partners in this five-year initiative are The Climate Group, Earthwatch Institute, and WWF.

“By working with four of the world's most respected environmental organizations and creating a 'green taskforce'... we believe we can tackle the causes and impacts of climate change,” stated Stephen Green, HSBC group chairman, during a press conference to launch the program in London, on Wednesday, May 30.

Ira Rubinoff, STRI director and SI acting under secretary for Science said that the HSBC’s donation will enable the Smithsonian to deliver key scientific data in the hands of decision makers responsible for global carbon policy and water management.” (See comments by Dr. Rubinoff).

“As we increase the production of greenhouse gases, we face the very real prospect of causing irreversible damage to the Earth’s more fragile ecosystems. We are not powerless if we act now, collectively and decisively...” said David Attenborough —famous environmental broadcaster.

The donation from HSBC was also announced in New York on the same day, with Stuart Davies, STRI's CTFS director, in attendance.

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