Not Even Al Gore Can Resist The Fracking Energy Boom
Actions speak louder than words. Even zealots like Gore tend to wise up when it comes to their bottom line.
His company’s public investments in wind, solar, biomass and other alternative energy to combat climate change are practically non-existent.
But his portfolio is top-heavy in high-tech, medical instruments, and even more pedestrian investments in companies such as Amazon, eBay, Colgate Palmolive, Nielsen, Strayer University, and Qualcomm.
He is also big in China, with stakes in a big Chinese travel agency, CTrip, and China’s largest medical equipment manufacturer, Mindray Medical.
Here’s the best part. Not only is Al Gore pulling out of Big Green, but he’s looking to make profits off of a burgeoning natural gas industry that is exploding thanks to hydraulic fracturing, or “fracking,” which has been lately in the cross hairs of environmental activists:
And if you want a piece of the natural gas pipeline game — heavily dependent on the environmentally suspect fracking — you can find that in Gore’s portfolio as well with Quanta Services.
To be fair to Gore, and even though the environmentalists don’t like to talk about it, fracking has done more to reduce carbon emissions in America than all the “green energy” and environmental policies Gore has supported combined.
Put simply, investing in natural gas may be the greenest thing Gore has ever done.Tags: al gore, Asshats, fracking, natural gas