Hillary Clinton announced recently that the Clinton Global Initiative (Clinton Foundation) and multiple partners are teaming up with a cryptocurrency organization to establish a $50 million "climate resistance fund" for women in India.
According to a press release, a cryptocurrency organization called the Algorand Foundation will join forces with the Self Employed Women's Association and the Clinton Global Initiative to help "women micro-entrepreneurs address climate change" in India.
Clinton made a speech recently to announce the massive partnership, remarking on how the fund will help fight climate change by addressing "extreme heat" and providing energy through solar panels.
Clinton also mentioned the partnership will include multiple Rockefeller organizations.
"Today, I'm proud to announce that the Clinton Global Initiative, started by my husband, will work closely with SEWA and with our partners the America-India Foundation, the Adrienne Arsht-Rockefeller Foundation Resilience Center, the Desai Foundation, the Rockefeller Foundation, the Council for Inclusive Capitalism, and the Algorand Foundation to launch a $50 million Global Climate Resilience Fund for Women," the former secretary of state said.
"This fund will empower women and your communities to have access to resources that will make you resilient to the effects of climate change, like extreme heat," she added.
The Adrienne Arsht-Rockefeller Foundation Resilience Center simply states on its website that it is "making communities around the globe more resilient."
Similarly, the Desai Foundation describes itself as a company that "empower[s] women and children through community programs to elevate health and livelihood in India & the US."
As well, the Council for Inclusive Capitalism states its mission as "mobilizing the private sector to create a more inclusive, sustainable and trusted economic system."
Lynn Forester De Rothschild, who is listed as one of the council's advisers, is also the CEO of E.L. Rothschild, an investment firm that has holdings in "media, wealth management, infrastructure, real estate, agriculture and consumer goods" around the world.
As part of the Clinton-backed initiative, the fund is intended to help local entrepreneurs "connect with the carbon markets and monetize carbon credits that their activities generate."
The press statement also says that Algorand will partner with T-Hub, a tech start-up hub that works with Intel, Amazon Web Services, Boeing, Meta, Microsoft, Cisco, and more.
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