Gore Admits Financial Stake in Global Warming
Al Gore's estimated fortune is over $100 million. His speaking fees are around $175,000. He also owns a big bundle of Google stock acquired at a very low price. His estimated wealth was only $2 million, partly inherited, when he left office in January 2001. That means his earnings have averaged around $14 million a year for each of the last 7 years.
Now he stands to profit still more from environmental stocks that he owns - stocks that are profitable because of his advocacy against global warming. He is about to get richer still, directly from the global warming mania he helped to foster.
On March 1, while speaking at the TED Conference in Monterey, California, Gore said:
While Gore was speaking,
...pictures of electric cars, windmills and solar panels appeared in multiple slides on the screen with company names at the bottom such as Amyris (biofuels), Altra (biofuels), Bloom Energy (solid oxide fuel cells), Mascoma (cellulosic biofuels), GreatPoint Energy (catalytic gasification), Miasole (solar cells), Ausra (utility scale solar panels), GEM (battery operated cars), Smart (electric cars), and AltaRock Energy (geothermal power).
That is, he was actively recommending people put money in companies in which he already has a financial stake.
...as he tours the world demanding nations stop burning fossil fuels, he will financially benefit if they follow his advice and move to technologies that he has already invested in.
Will the media be all over this? Or will we hear little about it? What do you think?
Now he stands to profit still more from environmental stocks that he owns - stocks that are profitable because of his advocacy against global warming. He is about to get richer still, directly from the global warming mania he helped to foster.
On March 1, while speaking at the TED Conference in Monterey, California, Gore said:
There are a lot of great investments you can make. If you are investing in tar sands, or shale oil, then you have a portfolio that is crammed with sub-prime carbon assets. And it is based on an old model. Junkies find veins in their toes when the ones in their arms and their legs collapse. Developing tar sands and coal shale is the equivalent. Here are just a few of the investments I personally think make sense. I have a stake in these so I'll have a disclaimer there. But geo-thermal, concentrating solar, advanced photovoltaics, efficiency and conservation.
While Gore was speaking,
...pictures of electric cars, windmills and solar panels appeared in multiple slides on the screen with company names at the bottom such as Amyris (biofuels), Altra (biofuels), Bloom Energy (solid oxide fuel cells), Mascoma (cellulosic biofuels), GreatPoint Energy (catalytic gasification), Miasole (solar cells), Ausra (utility scale solar panels), GEM (battery operated cars), Smart (electric cars), and AltaRock Energy (geothermal power).
That is, he was actively recommending people put money in companies in which he already has a financial stake.
...as he tours the world demanding nations stop burning fossil fuels, he will financially benefit if they follow his advice and move to technologies that he has already invested in.
Will the media be all over this? Or will we hear little about it? What do you think?
posted by Old Neocon at 10:22 PM
0 Comments:
Post a Comment
<< Home