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Al Gore could become world's first carbon billionaire

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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.
Nope, no agenda on Gore's part. Totally honest Nobel Prize winner.
 
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.
 
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.
 
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Nope, no agenda on Gore's part. Totally honest Nobel Prize winner.

Every religion has their hypocrites who exploit their followers/congregation for wealth. I do not see why the man made global warming fairy tale religion would be any different than any other religion.
 
Like oil a few years ago.

First of all oil companies only sell their products but the price of oil they have close to nothing to do with.

As to Gore he's just the leading example of the huge business that Environmentalism has become. The people down at street level or the rank and file may very well be sincere about their desire to improve thing environmentally but those who run everyone of these high profile groups are in it for the money.
just look at the totally inconceivable protests coming over the building of wind generation fields off shore because they are ugly or the ones opposing much needed solar generation projects in Southern California and NV. They don't want to risk some obscure wildlife that in fact will not be impacted 1 iota. They can't have solutions because it would end the need for people to donate to the cause. look at the March of Dimes. Polio was nearly illuminated so they changed the mission to maintain the flow of donations and support because non profit means the organization can't get rich but those who run it sure as hell do. Look at the Red Cross where the CEO or director makes last I heard makes over a quarter million dollars a year and rides around in chauffeur driven limo.
 
For profit green industry is just unethical.:roll:
 
The Green/Enviro industry is alive and well. It will join these other industries doing business "for profit":

National Defense
Prison/Corrections
Health Care

...and others I can't think of off the top of my head.
 
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Nope, no agenda on Gore's part. Totally honest Nobel Prize winner.

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!
 
For profit green industry is just unethical.:roll:

Why? Do you really expect non-profits or government entities to innovate at the same rate as for-profit businesses? :confused:
 
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Nope, no agenda on Gore's part. Totally honest Nobel Prize winner.

Is 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.

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.

Al Gore could become world's first carbon billionaire - Telegraph

See the bolded word?

Could

They have no guarantee of that money yet
 
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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.
 
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.

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.
 
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!
No, not at all. :roll:
 
He used his office for personal gain. Next. :doh

He still has not got that money yet. So tell me - how much has he lost in investing in "green" technologies that have not panned out?
 
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.

You are aware that logging companies plant trees?
 
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.

That's not true. Timber companies invest in growing trees all the time.

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.

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!!!
 
You are aware that logging companies plant trees?

Libbos will never admit that timber companies do more for conservation than the Libbos do. Just like hunters. The Libbos wish they could do as much for wildlife and wildlife habitat conservation that groups like Ducks Unlimited do.
 
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.

11031952Fire.jpg
 
If it were Bush making money on oil, you'd be okay with it right?
 
Hmmm sometimes a picture is worth a thousand words like when the Cuyahoga River caught on fire from pollution.

11031952Fire.jpg

Well, ya see, that's where you Libbos go wrong. You try and attach pollution with Global Warming. If you all would have just stuck to the pollution agenda, you would be alot farther ahead, but this GW hoax, screwed ya'll.
 
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!!!

If trees are such a good investment - why are there not more being grown? We are deforesting our planet at an alarming rate and there is little incentive to stop it. I am betting that you, like us actually have legislation that forces loggers to replant - that logging companies get subsidies. I will also bet that the trees most often regrown are fast growing pines. Some of the best wearing longest lasting trees in the world are the Australian hardwoods - ruddy hard to find anyone investing in growing Ironbark or Ironwood trees.

Tell me - you have a choice of putting money into one investment that will return 10% profit over 5 years or put it into another investment that might or might not give you 20% profit but you have to wait 20 years to collect - which one will you choose?

And you are making the argument for me - you are saying that these alternate energy sources are nowhere near maturity and yet the only way they will mature is by investment of capital - which Gore is going - and taking the requisite risks
 
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