Al Gore Going Green to Make Green
Nicolas Loris /
John Broder of The New York Times has an interesting piece on Al Gore’s financial profit tied to his global warming alarmism and push for renewable energy. Gore’s venture capital firm invested in Silver Spring Networks, a company that makes hardware and software to improve efficiency in the nation’s electricity grid.
When President Obama told a crowd at a solar power plant in Florida, ironically on an cloudy day where the sun was nowhere to be found, that $3.4 billion of the so-called stimulus package would be allocated for smart grid investment, it significantly reduced the risk of Gore’s investment: “Of the total, more than $560 million went to utilities with which Silver Spring has contracts. Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years.” Broder calls Silver Spring “a foot soldier in the global green energy revolution Mr. Gore hopes to lead.”