Tuesday, November 3, 2009

The First Carbon Billionaire

NYT has an interesting piece on Al Gore and the many ways he is profiting from Green Hysteria.

Gore and his partners backed Silver Springs Network. NYT then slyly notes:
The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.
Gore, of course, thinks this government hand out is capitalism:
“Do you think there is something wrong with being active in business in this country?” Mr. Gore said. “I am proud of it. I am proud of it.”
NYT also notes that Gore is founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management.

He also has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.

NYT notes that the size of Gore's wealth is unknown, but "his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll."


  1. The data used by the IPCC to promote the global warming hype was cherry picked to come up with the political result they wanted. In other words global warming is a big fat hoax. Despite this fact, gore continues to promote lies about global warming strictly for personal financial gains. He is worse of a fraud than global warming.

  2. Al Gore PEU, a blue/green private equity underwriter.