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« A Big Free Speech Case in Clarksville | Main | Newsflash: People Don't Quit Jobs in a Slow Economy » July 29, 2008Al Gore Heats Up His Stock PortfolioHere's an interesting report from a few days ago on NewsBusters about how Al Gore's global warming crusade has him pushing new technologies in which he is heavily invested - and stands to make a pile of money. Noel Sheppard writes: (The) global warming obsessed media are predictably gushing over Nobel Laureate Al Gore's call for America to completely convert all of its electricity production to solar, wind, and other renewable sources by 2018.Bottom line: Gore is pushing public policy changes that would tend to benefit his investments, and using his global warming speeches as a sort of road-show to also tout companies he's invested in, thus also potentially driving up the value of his investments. How many gullible global-warming devotees leave Gore's presentations and rush to the stock broker to invest in the companies he touts - many of them highly speculative start-ups that haven't made a dime? One company Gore touts - Bloom Energy - isn't public yet and has already blown through $250 million in venture capital funding and hasn't finished developing its product, rumored to be a fuel cell for residential use. The highly secretive company has a flashy but completely info-free website. Oh, and Gore is a partner at Kleiner Perkins Caulfied Byers, the Silicon Valley VC firm that is backing Bloom Energy. Nobody ever said Gore was stupid. He's created the perfect - and lucrative - scam, hiding a relentless drive to accumulate personal wealth behind his ostensibly public-minded crusade to save the Earth from doom. I guess he's gotta do something to pay his gargantuan energy bills. The first rule of good investigative reporting is "follow the money." The media tends to forget that when it comes to reporting on Gore's global warming crusade. Posted in Environmentalism
Comments
Bill, the cool thing about the gears of capitalism is they grind for good or ill. Do you know of any Republicans grinding those gears pushing products that 1)solve our planet's #1 challenge, 2) removes our nation's #1 foreign strategic national interest off the Pentagon's dinner table, and 3) brings us into the graces of God with an unprecedented environmental stewardship abandoned by the glutonous greed of the oil industry? I don't. Posted by: Christian at July 30, 2008 7:10 AMPost a comment
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