“I don’t blame Gore for getting out of alternative energy,” Gunderson said, “But when is he going to tell people that alternative energy is a lousy investment?”
Sure Al Gore might still show up at an environmental conference in Tahiti, a netroots ballroom in San Francisco or your son Billy's 4th birthday party to warn that the icebergs are melting and if we don't switch to green energy, the polar bears will have us for lunch... but he isn't putting his money where his mouth is.
“Of course he does not say that in public,” says Bill Gunderson, president of Gunderson Capital Management. “Gore’s company still talks about how alternative energy is a good investment. How companies are adopting it, governments are subsidizing it and people are using it.
“Generation Investment says it is all about climate change, but it is just a typical investment fund with typical stocks,” Gunderson said.
“It has Amazon, Colgate Palmolive, eBay, Nielsen, Qualcomm, Strayer University and a smattering of stocks from biotech and health care. Not one company that makes solar panels, or windmills or biogas or electric cars. Catheters and commercial real estate, yes. Solar panels, no.”
“I don’t blame Gore for getting out of alternative energy,” Gunderson said, “even if he did it too late in the case of First Solar. “But when is he going to tell people that alternative energy is a lousy investment?”
I'm going to go ahead and guess... never.
Al Gore doesn't care about the environment, he probably can't even spell environment without a ghostwriter to do it for him, but the green bandwagon is how he makes his money and without it, he would just be another John Kerry, but without the Senate seat.
The environment is Al Gore's thing, his only thing after people laughed at him over that whole "inventing the internet" thing. He can't quit it and that's why he'll be at your son's birthday party next week screaming about the end of the world.