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Livestock Company owner Jeff Moore drinks at the Stockmen's Club of Imperial Valley in Brawley, California, November 2, 2009. Credit: REUTERS/Lucy Nicholson

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FACTBOX: Pledges on day two of Clinton summit

Thu Sep 27, 2007 6:58pm EDT

(Reuters) - Presidents rubbed shoulders with Hollywood stars and company chiefs mingled with aid workers as billions of dollars of pledges to tackle global woes were generated at Bill Clinton's annual philanthropic summit.

U.S.

Some of the commitments of action made during the third annual brainstorming session on health, poverty, education and climate problems on Thursday are:

* In a $25 million, three-year partnership, Teach for America, Teach First, Michael & Susan Dell Foundation and Amy & Larry Robbins Foundation will establish an independent teachers' corps. Initially, programs will be set up in Estonia, Germany, India, Israel, South Africa and two others countries to tackle educational disparities.

* Intel Corp is committing $300 million over the next 5 years to expand Intel Teach, an online training program. The program has already trained over 4 million teachers in 40 countries to effectively integrate technology into their classrooms, and the expansion will reach an additional 1.5 million teachers in 15 countries.

* Singer Shakira and the ALAS Foundation commit to help relieve the effects of the natural disasters in Peru and Nicaragua through a $40 million investment into the education, sanitation and water systems, and through a multimedia fundraising campaign in Peru featuring top Latin artists.

* Led by Duke Energy, Consolidated Edison, Edison International, Great Plains Energy, Pepco Holdings, PNM Resources, Sierra Pacific Resources and Xcel Energy, utilities serving nearly 20 million customers in 22 states, are joining in an effort to help make America more energy efficient.

With the right regulatory reforms, they pledge to increase their collective investment in energy efficiency. Those reforms will lead to the elimination of 30 million tons of greenhouse gas emissions per year -- the equivalent of taking 6 million cars off the road.

* Over the next five years, Standard Chartered Bank will commit to underwrite $4 billion to $5 billion in debt to renewable energy projects with a total project value of $8 billion to $10 billion.

They will target clean energy projects in Asia, Africa and the Middle East and focus their efforts in areas such as wind, hydro, geothermal, solar, biomass and coal bed methane. They may play the role of lead arranger of debt, financial adviser or equity investor.

(Source - www.clintonglobalinitiative.org)



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