Al Gore could become world's first carbon billionaire
Al Gore could become world's first carbon billionaire
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.
The 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.
Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy as Mr Gore. And few have put as much money behind their advocacy and are as well positioned to profit from this green transformation, if and when it comes.
Critics, mostly on the political right and among global warming sceptics, say Mr. Gore is poised to become the world's first "carbon billionaire," profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in.
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http://snardfarker.ning.com/profiles/blogs/al-gore-could-bec...
I always knew there had to
I always knew there had to be a reason why Kleiner took him on. It certainly wasn't for his brains. I bet you they just love how easy it is to walk circles around the idiots in the current administration, just like the banks have been doing over the last year. All they needed was someone to get them in the door, and Carbon Al was just the guy. So, now the famed Sand Hill road venture industry, that originally came about in no small measure because it was about as far from Washington and New York (and Boston, to be fair) as one could go while remaining on dry land, will become just another client seeking government handouts and graft. Just like the New York banking industry has become.
The real lesson to learn, is that all the other states, whose designated role is simply to shut up and work a bit harder to pay for the splendor of New Yorkers, Washingtonians and Californians, really need to get a grip, and simply secede. Then the aforementioned three can see how long they last on their own, without the ability to commandeer the rest of the nation's population to pay for their vanity.
This is how the game has been played for over 200 years
Why do you think people get into politics? To make contacts and either get rich or powerful, or both.
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"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
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RON PAUL 2012
So true! 12.160Mhz Social
So true!
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Don't they call that
a conflict of interest.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
realted article
http://www.nytimes.com/2009/11/03/business/energy-environmen...
12.160Mhz Social Network
Resisting the New World Order
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Bio Watch : Vaccine / Flu Info and News
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"Ron Paul For President 2012" on 12160
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