It might sound self-serving or plain nutty that Vinod Khoshla, a Silicon Valley billionaire wants to save the world from oil. But, he eyes a new target-the oil industry. He and Stephen Bing, a flamboyant Hollywood producer, are financing a campaign — ‘Californians for Clean Energy’ — to get Californians to endorse clean energy in a state-wide vote next November. The plan is to help California cut its oil use by one-quarter within a decade!
Khosla plans to make fuel from agricultural waste. And for this, he is particularly enthused by ‘cellulosic’ ethanol. Touting this new technology in his recent state-of-the-union speech, President Bush suggested that it may come to market in six years.
Khoshla said, ‘I HAVE a religious belief in the power of ideas propelled by entrepreneurial energy.’ Hope this venture will lead California set a powerful example of clean energy state for the rest of the world.
Via: Economist