Al Gore to be World’s First ‘Green’ Billionaire

posted at 8:08 am on November 4, 2009 by Michael van der Galien
printer-friendly

British newspaper the Telegraph reports that former Vice President Al Gore is on track to becoming the world’s first ‘green’ billionaire.

Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.

It took us Europeans a while, but we’re finally waking up to the fact that Gore and other climate change cultists may not have had our interests in mind, when they advocated we should use “green energy.” Experts like the British Lord Monckton and the Dutchman Hans Labohm have tried to educate the Old Continent about this matter for years; it appears as if they are finally making some progress.

The above doesn’t mean that the majority of Europeans have become global warming critics. European media and most politicians continue to pretend that this is the main challenge facing “our generation.” They have become experts in scaremongering and their efforts to scare voters into agreeing to policies that are harmful to them, continue to pay off. Still, the more headlines my fellow Europeans read about how Gore et al. are enriching themselves, the likelier it is they’ll become just as cynical as Americans. And that should give us all hope, because has historically been Europe that pushes for global warming treaties that’ll ruin Western economies.

Blowback

You must be logged in to post a comment.