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|Subject: Gore: Not so green anymore||Date: 10/4/2012 10:09 PM|
|Author: fleg9bo||Number: 647093 of 736964|
Subtitle: Do as I say.
Al Gore Walks Away From Green Energy
Since 2007, the former Vice President has been preaching the benefits of putting your money where his mouth is: Alternative energy. But if Al Gore has any message for investors today, it might very well be this: "Stay the hell away from alternative energy!"
Gore's company [Generation Investment] files a quarterly report with the SEC that tells a different story about the 30 stocks in its portfolio. 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.
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.
Screw green -- he just wants the money.
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