Al Gore has come a long way from the Inconvenient Truth raconteur who in 2006 extolled the “leaves rustling with the wind” and talked about boiling frogs as a metaphor for humanity in need of a \”rescue.\”
Gore has been fighting climate change since he co-sponsored the first congressional hearings on the subject in 1976. While his essential aim hasn’t changed, his tactics and rhetoric have. Flush with cash after making $70 million in the sale of the Current TV network, Gore is buddying up to investors, working to change their minds about billion-dollar climate risks lurking in their portfolios. Gore, snubbing trees, is now a hugger of Wall Street.
“We\’re already seeing the impact on some carbon intensive assets — we\’ve seen it in Australia, we\’ve seen it in Canada, we\’ve seen it in the U.S.,” Gore said by phone from London on Oct. 29, a day he spent promoting a new report as chairman of Generation Asset Management, the investment firm he co-founded with David Blood. “The time has come to question how people avoid the risk.”
via Oil’s Future Draws Blood and Gore in Investment Portfolios – Bloomberg.
Categories: Energy
