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Al Gore has thrived as green-tech investor

Before a rapt audience, Al Gore flashed slides on a giant screen bearing the logos of 11 clean energy companies he predicted could help slow climate change.

“We can’t wait. ... We have a planetary emergency,” the former vice president told industry leaders and scientists at the 2008 conference. “Here are just a few of the investments that I personally think make sense.”

Today, several of those clean tech firms are thriving, including a solar energy start-up and a Spanish utility company that has dotted rural America with hundreds of wind turbines.

Al Gore is thriving, too.

The man who was within sight of the presidency 12 years ago has transformed himself, becoming perhaps the world’s most renowned crusader on climate change and a highly successful green-tech investor.

Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million.

Gore charted this path by returning to his longtime passion — clean energy. He benefited from a powerful resume and a constellation of friends in the investment world and in Washington. And four years ago, his portfolio aligned smoothly with the agenda of an incoming administration and its plan to spend billions in stimulus funds on alternative energy.

The recovering politician was pushing the right cause at the perfect time.

Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama’s historic push to seed a U.S. renewable-energy industry with public money.

Over the course of his metamorphosis, Gore became an environmentalist hero with release of his award-winning film and book warning of carbon emissions dangerously overheating the planet. He founded an investment firm devoted in part to backing green-minded companies and later partnered with a leading venture capital firm to invest in clean energy start-ups.

“We have work to do!” Gore recently exhorted an audience while showing his trademark slide show about melting polar ice caps and the urgent need to stop burning so much oil and gas.

That declaration, his friends say, captures his obsession — he’s unable to rest in his self-appointed mission to save the planet.

“Maybe there’s someone as knowledgeable and passionate about climate change. I just haven’t met that person,” said Orin Kramer, a leading New York hedge fund manager, friend of Gore and top Democratic campaign bundler. “His schedule is intensely busy, and my sense is he lives a life that profoundly reflects his values and passions.”

In building his new career, Gore’s name has become ensnared in a broader criticism from Republicans, who put him among political allies they say the Obama administration has unjustly enriched with stimulus and clean-energy funding.

In last week’s presidential debate, Romney criticized the $90 billion that went to promote green technology, saying a number of businesses owned by Obama campaign contributors were winners.


Added: Oct-12-2012 Occurred On: Oct-12-2012
By: cajunmojo
In:
Other News
Tags: barry, obama, al gore, green energy scam
Location: United States (load item map)
Marked as: approved
Views: 785 | Comments: 15 | Votes: 3 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Shouldn't he be getting wealthy off his invention, that series of tubes that is the interwebz ???

    Posted Oct-12-2012 By 

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    • @blastronaut

      He did a right fine work on the things that make it so I can talk to other people, uh what's it called?

      It was after the telephone.

      Oh yeah the welfare line.

      Posted Oct-12-2012 By 

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  • Global warming, the fraud of the decade.
    Then 0bama got elected.

    Posted Oct-12-2012 By 

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  • Like a good pyramid scheme Gore gets in the on the ground floor and takes his profits as soon as these companies begin to fail ... and they will fail.

    Posted Oct-12-2012 By 

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  • There is no consensus among climate scientists that global warming is man made!

    Science is based on empirical data. That data is then sent to other scientists in that particular field for review and fact checking. If scientists come to a consensus on the data, it then becomes fact.

    Example: Scientists believe the sun is hot. It's studied, empirical data is gathered, findings are posted and studied, then a consensus is made. The sun is hot.

    No credible scientists can make a statement of fact More..

    Posted Oct-12-2012 By 

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  • It's not even about the argument if it's man made or not. Or even if it really is happening or not. More-over, it's about how they created a market.
    Follow the money on the green economy. Seems to me, most of the major players and purveyors of the green movement are all affiliated with groups, organizations and investors that stand to make obscene amounts of money, while monopolizing energy and other fields. Carbon credit swaps is a swindlers dream. You can also dominate and control markets this More..

    Posted Oct-12-2012 By 

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  • LOL...Gore....what a tard

    Posted Oct-12-2012 By 

    (1)

  • Comment of user 'mugoff' has been deleted by author!
  • It's not the work he is doing now, but the never ending search for MANBEARPIG that is his greatest. Cave of the winds was merely a setback...

    Posted Oct-12-2012 By 

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  • The usa government gives lots of money to idiot companies that corrupt fucking politicians can rob and run into bankruptcy.

    Posted Oct-12-2012 By 

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  • SUCKERS!

    Posted Oct-12-2012 By 

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  • "Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million."
    But wait isn't he the hero of the poor down trodden 99%?

    Posted Oct-13-2012 By 

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  • What the fuck..

    You ridicule because money was made from investing in green companies.

    But no. Props to the other pricks who make their millions contributing nothing of value (see pop music), books about shiny vampires, selling tobacco, religion, alcohol, drugs, pornography, life insurance.. hell, even your privacy..

    At least those green companies are going to contribute to slowing the rate we destroy our own planet.

    Posted Oct-12-2012 By 

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    • @edgecrusher187 Really?

      US CO2 output falls to 1992 levels:

      http://www.eia.gov/todayinenergy/detail.cfm?id=7350

      And no "green" companies are responsible for any of it.

      Posted Oct-12-2012 By 

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  • man-made global warming deniers and creationists are teaming up across the country to pass anti-science laws. lol.

    Posted Oct-12-2012 By 

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