Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Gore Joins VC to Invest in Green

Ex-VP will work with Kleiner Perkins to invest in clean technology

Share

(Newser) – Al Gore is joining Silicon Valley's leading venture capital firm in an initiative to invest in green technology. Kleiner Perkins Caufield & Byers, traditionally focused on IT, recently moved into the area of environmentally friendly businesses. Gore will be an active partner with the firm, which has already invested $270 million in sustainable ventures, reports Fortune.

Partner John Doerr said he'll judge success by environmental impact as well as financial returns. Kleiner Perkins made its first green investment 5 years ago but has yet to see a green venture "exit" its portfolio through IPO or sale. As part of the partnership, Doerr will advise a public company investment group Gore co-founded. Green tech, says Gore, can drive something "bigger than the Industrial Revolution and significantly faster."

(FILES)Former US Vice President Al Gore
(FILES)Former US Vice President Al Gore   (Getty Images)
Former Vice President Al Gore smiles after speaking at a news conference in Palo Alto, Calif., in this Oct. 12, 2007 file photo. Gore on Monday, Nov. 12, 2007 announced that he's joining Silicon Valley's most prestigious venture capital firm to guide investments to combat global warming. (AP Photo/Jeff Chiu,...
Former Vice President Al Gore smiles after speaking at a news conference in Palo Alto, Calif., in this Oct. 12, 2007 file photo. Gore on Monday, Nov. 12, 2007 announced that he's joining Silicon Valley's...   (Associated Press)
Former U.S. Vice President and 2007 Nobel Peace Prize winner Al Gore waves to the crowd while arriving for the ceremony of the year's prestigious Prince of Asturias prizes in Oviedo, northern Spain, Friday Oct. 26 2007. Gore has won the 2007 Prince of Asturias Award for International Cooperation....
Former U.S. Vice President and 2007 Nobel Peace Prize winner Al Gore waves to the crowd while arriving for the ceremony of the year's prestigious Prince of Asturias prizes in Oviedo, northern Spain, Friday...   (Associated Press)
Former U.S. Vice President and 2007 Nobel Peace Prize winner Al Gore arrives for the ceremony of the year's prestigious Prince of Asturias prizes in Oviedo, northern Spain, Friday Oct. 26 2007. Gore has won the 2007 Prince of Asturias Award for International Cooperation. (AP Photo/Bernat Armangue)
Former U.S. Vice President and 2007 Nobel Peace Prize winner Al Gore arrives for the ceremony of the year's prestigious Prince of Asturias prizes in Oviedo, northern Spain, Friday Oct. 26 2007. Gore has...   (Associated Press)
Former US Vice President Al Gore and director of the Oscar winning...
Former US Vice President Al Gore and director of the Oscar winning...   (Getty Images (by Event))
AUSTRIA-US-NOBEL-ENVIRONMENT-CLIMATE-GORE
AUSTRIA-US-NOBEL-ENVIRONMENT-CLIMATE-GORE   (Getty Images)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

28 Stories

 Critics Lash 
 Gore's Green 
 'Profiteering' 

Investment profits go back into his nonprofit, counters ex-VP

Nov 3, 09 5:54 AM CST
(Newser) - Al Gore is going to become the world's first "carbon billionaire" thanks to investments in firms that will profit from policies he advocates, his critics say. The ex-VP is a partner in a venture capital firm that stands to make huge profits from investments in green technology, causing accusations... More »

MORE ABOUT:
climate change • environment • Al Gore • venture capital • green technology • Kleiner Perkins Caufield & Byers

 Google Earth, Al Gore 
 Detail Climate Change  

Al Gore narrates intro to new feature detailing perils, and solutions

Sep 25, 09 10:41 AM CDT
(Newser) - Google—with the help of Al Gore—has introduced new “layers” to its Earth application that detail the possible effects of climate change in the next century. The Nobel laureate narrates an intro to a series of virtual tours that highlight terrifying scenarios and solutions. The upgrade allows users... More »

MORE ABOUT:
climate change • Google • Internet • Al Gore • Intergovernmental Panel on Climate Change • Google Earth • green energy • search engine • renewable energy • Nobel Prize • Nobel Peace Prize • carbon emissions

China Plans Massive Push for Green Power

Country could be world's leader in clean energy by 2020

Jun 10, 09 8:31 AM CDT
(Newser) - China is on course to obtain 20% of its energy from wind and solar sources by 2020—a transformation that would make the country the world leader in renewables. Beijing is ramping up its targets for clean energy, helped by the $590 billion stimulus package passed last year, a senior... More »

MORE ABOUT:
China • climate change • energy • environment • global warming • green energy • Chinese economy • renewable energy • solar power • wind power • carbon emissions • Copenhagen climate change conference

28 Stories


Related links

The site of 'An Inconvenient Truth' gives tips for taking action on climate change
ClimateCrisis.net

More on Gore's ties to Silicon Valley and the Bay Area
San Jose Mercury News

Gore's salary will go to the Alliance for Climate Protection
San Francisco Chronicle


Technology  •  Business 
TwitterFollow @NewserTech on Twitter

 
environment • Al Gore • investment firm • green energy • venture capital • green technology • Kleiner Perkins Caufield and Byers • Generation Investment Management • John Doerr

from our news partners