Al Gore, alarmist-in-chief of the anti-global warming campaign, stands to make money from his investments in "green" firms selling various climate change remedies.
Gore spoke in Monterey, California, at a March 1 TED (Technology, Entertainment, Design) Conference, which bills itself as "an invitation-only event where the world's leading thinkers and doers gather to find inspiration." He admitted to having "a stake" in a number of green "investments" that he recommended attendees put their money into,"according to NewsBusters.
Said Gore: "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 - geo-thermal concentrating solar, advanced photovoltaics, efficiency, and conservation."
Commented NewsBusters Noel Sheppard, "As Gore spoke these words, pictures of hybrid 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)."
Sheppard noted Gore's recommendations that people put money in companies in which he has a financial stake is like "an investment advisor or stock broker giving a seminar to prospects and clients. And, 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."
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