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Critics Lash Gore's Green 'Profiteering'

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

By Rob Quinn, Newser Staff

Posted Nov 3, 2009 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 of profiteering, especially from global warming skeptics, the New York Times reports.

Gore—who says he sinks "every penny" earned from his investments into his nonprofit Alliance for Climate Protection—rejects the accusations and says that he is just putting his money where his mouth is. "Even though the vast majority of my business career has been in areas that do not involve renewable energy or global warming pollution reductions, I absolutely believe in investing in ways that are consistent with my values and beliefs," he said in a statement this week. "I encourage others to invest in the same way.”

[Images (2)]

[Quotes (1)]

Al Gore addresses the audience, on the second day of the 'Leaders in Dubai' conference in Dubai, United Arab Emirates, last week. (AP Photo)

Al Gore addresses the audience, on the second day of the 'Leaders in Dubai' conference in Dubai, United Arab Emirates, last week.

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Do you think there is something wrong with being active in business in this country? I am proud of it.
- Al Gore

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COMMENTS

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Showing 3 of 52 comments

Cher

Nov 18, 2009 2:03 AM CST

I agree with all you have said except that "global warming is happening, that's indisputable". I do not believe in global warming for one minute. It is nothing but a hoax and another way of try to scare the majority of people. Prove it is true.

Cher

Nov 18, 2009 1:58 AM CST

Why do you have to say the "right". Why can't everyone work for our economy. Surely you are not blaming what Hussein has done on the right. I know that you are one big sick group but I often forget just how messed up you really are.

Cher

Nov 18, 2009 1:51 AM CST

Conservatives just like the truth. Not a lying SOB like Gore who makes his living as a hypocrite and off the backs of good Americans just trying to do the right thing. Thank God this love of money bloodsucker lost to George Bush.

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Critics Lash Gore's Green 'Profiteering'