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Nope, no agenda on Gore's part. Totally honest Nobel Prize winner.Published: 7:00AM GMT 03 Nov 2009
Al Gore, the former US vice president, could become the world's first carbon billionaire after investing heavily in green energy companies.
Last year Mr Gore's venture capital firm loaned a small California firm $75m to develop energy-saving technology.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.
Successful Camco auction a boost for carbon tradingThe deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.
The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.
Not to defend Gore's hysteria, but he probably invested in those companies because he believes in their cause. He surely could have invested in other industries if he wanted.
Like oil a few years ago.
For profit green industry is just unethical.:roll:
The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.
Not to defend Gore's hysteria, but he probably invested in those companies because he believes in their cause. He surely could have invested in other industries if he wanted.
And, because he knew he would see a nice return on his investment. Moreso the return, than the belief.
Making money is what the Global Warming hoax is really all about.
So why has it taken 20 years for this to happen?
20 years, to score a billion bucks? It's worth the wait, to me.
No, not at all. :roll:Are you trying to say that a politician would selfishly promote a cause he is invested in with some attempt to reap profit from government programs which can spawn through support of said cause? Never!
He used his office for personal gain. Next. :dohIs this not called "speculation" - something a lot of entrepreneurs do? He could just as easily lost that $75 million with the company going belly-up or not coming through with the research or hitting all sorts of problems.
Al Gore could become world's first carbon billionaire - Telegraph
See the bolded word?
Could
They have no guarantee of that money yet
He used his office for personal gain. Next. :doh
Well, you are not an investment banker - why do you think nobody invests in growing trees? Too long to wait for a return on your money.
He used his office for personal gain. Next. :doh
Well, you are not an investment banker - why do you think nobody invests in growing trees? Too long to wait for a return on your money.
I have known about the rising CO2 levels and concern about AGW since the early eighties at least. I have watched the frustration of the pro-alternate energy group trying desperately to get any sort of research funding while coal fired power stations were receiving government subsidies.
You are aware that logging companies plant trees?
Oh yeah, the sky is falling and we need to tax the crap out of everyone to stop it. Also, we need to waste billions on alternate energy sources that are nowhere near maturity and will only cost the people even more money, above and beyond the extra taxes. Hey, I get it!!!
Hmmm sometimes a picture is worth a thousand words like when the Cuyahoga River caught on fire from pollution.
That's not true. Timber companies invest in growing trees all the time.
Oh yeah, the sky is falling and we need to tax the crap out of everyone to stop it. Also, we need to waste billions on alternate energy sources that are nowhere near maturity and will only cost the people even more money, above and beyond the extra taxes. Hey, I get it!!!
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