"On March 1, while speaking at the TED Conference in Monterey, California, the Nobel Laureate admitted to having "a stake" in a number of green "investments" that he recommended attendees put money in rather than "sub-prime carbon assets" like "tar sands" and "shale oil."
This occurred as pictures of such products appeared on the screen with names of the companies involved (video available here, relevant section begins at minute 15:00, h/t NBer Sick-and-Tired):
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. But geo-thermal concentrating solar, advanced photovoltaics, efficiency, and conservation.
As Gore spoke these words, pictures of electric 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).
As such, like an investment advisor or stock broker giving a seminar to prospects and clients, Al Gore was actively recommending people put money in companies he already has a financial stake in.
Read more: http://newsbusters.org/blogs/noel-sheppard/2008/04/11/gore-admits-financial-stake-advancing-global-warming-hysteria#ixzz1EcJGtIL8
The Climate Depot
Not Tricks Zone
Is it Getting Warmer?
The Alliance for Climate Protection