red states rule
08-07-2008, 01:37 PM
Why should anyone be shocked over more of Al's hypocrisy?
Al Gore, the Oilman Who Hates Oil
By Matthew Vadum | August 7, 2008 - 14:33
Al Gore says he wants to get America off oil but he's personally invested in the most cutting edge oil extraction technologies. Gore is a partner in Kleiner Perkins Caulfield & Byers, a venture capital firm. Kleiner Perkins pours investment dollars into green energy companies and not-so-green ones. An investment firm Gore chairs, Generation Investment Management (GIM), entered into a partnership with Kleiner Perkins to "provide funding and global business-building expertise to a range of businesses, both public and private, and to entrepreneurs." Gore makes money by promoting investments that bear the imprimatur of Kleiner Perkins and GIM - including those in the supposedly dirty oil business.
So Al Gore is not only in the global warming business: he's in the oil business. This isn't Gore's first oil venture either: for years he's profited from oil investments. Like any smart businessman, he hedges his bets. If the global warming business eventually peters out, he can always make millions from black gold.
http://www.newsbusters.org
Al Gore, the Oilman Who Hates Oil
By Matthew Vadum | August 7, 2008 - 14:33
Al Gore says he wants to get America off oil but he's personally invested in the most cutting edge oil extraction technologies. Gore is a partner in Kleiner Perkins Caulfield & Byers, a venture capital firm. Kleiner Perkins pours investment dollars into green energy companies and not-so-green ones. An investment firm Gore chairs, Generation Investment Management (GIM), entered into a partnership with Kleiner Perkins to "provide funding and global business-building expertise to a range of businesses, both public and private, and to entrepreneurs." Gore makes money by promoting investments that bear the imprimatur of Kleiner Perkins and GIM - including those in the supposedly dirty oil business.
So Al Gore is not only in the global warming business: he's in the oil business. This isn't Gore's first oil venture either: for years he's profited from oil investments. Like any smart businessman, he hedges his bets. If the global warming business eventually peters out, he can always make millions from black gold.
http://www.newsbusters.org