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SUNDAY, NOVEMBER 22, 2009
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63

Critics Lash Gore's Green 'Profiteering'

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

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(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.”

Al Gore addresses the audience, on the second day of the 'Leaders in Dubai' conference in Dubai, United Arab Emirates, last week.
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.
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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63 comments
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Ucantusethatname
Nov 3, 09 5:57 AM CST
Name any politician who doesn't increase personal income by millions after leaving office. Reply
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+4
IN RESPONSE:
Doctor_Zaius
Nov 3, 09 6:02 AM CST
George W Bush is going to have a hard time doing it at $19.50 a head. There aren't that many people in the world that like him. He's going to need a lot of repeat customers and let's face it, how often can you listen to that idiot?
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+2
IN RESPONSE:
northeast
Nov 3, 09 8:16 AM CST
If you're diehard enough to pay even $20 the first time, fairly often I'd suppose. Pat Robertson made a decent living preying on that audience, no?
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+1
IN RESPONSE:
Timinator2K
Nov 3, 09 8:46 AM CST
They usually do it by legal means NOT by scamming and fear mongering a false crisis.
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+1
IN RESPONSE:
dontlikeyou
Nov 3, 09 9:50 AM CST
I will never understand why the left hitches its wagon to this self absorbed, mediocre man.
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-1
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