Blood, Gore and Profit in Global Warming

[JBG]

The founders of [url=http://"http://www.generationim.com/about/"]Generation Investment Management LLP (link) [/url]are the aptly named team of David Blood and Al Gore. Below are excerpts from their website, describing the firm:

Quote:About Us

Overview

Generation is an independent, private, owner-managed partnership with offices in London and New York. The firm was co-founded in 2004 by Al Gore and David Blood.

Sustainable Investing for the Long Term Generation's investment approach is based on the idea that sustainability factors—economic, environmental, social and governance criteria—will drive a company's returns over the long term. By integrating sustainability issues with traditional analysis, we aim to deliver superior investment returns.

We are closely aligned with our clients, and our performance is measured over the long term.

Some of their investments seem to be quite massive and [url=http://"http://www.generationim.com/media/pdf-ausra-generation-10-2-08.pdf"]profitable (link, excerpts below)[/url]:

Quote:Ausra Secures $US60.6 Million in Funding
KERN, Generation and Starfish Join Kleiner Perkins and Khosla Ventures to back Ausra’s cost-competitive technology and global expansion
PALO ALTO, CALIF. – October 2, 2008 – Ausra, Inc., the provider of large-scale solar thermal energy systems for industrial processes and utility electricity generation, has secured $US60.6 million ($76.7 million) in its latest preferred equity financing. Investors in this closing....also included Generation Investment Management, based in London, England.... The investor group committed these funds in support of Ausra’s reliable, costcompetitive technology, seasoned management team and global expansion. “We are very pleased to have such prestigious investors join our team to assist Ausra in achieving its goals in the solar thermal energy market,” said Bob Fishman, president, CEO and chairman of Ausra. “This round of financing will enable us to accelerate delivery of our technology to our customers.”

Proceeds from Ausra’s financing will fund the company’s research and product development and commercial activities, including the completion of its 5-megawatt solar thermal power project near Bakersfield, Calif. – the first power plant in North America to incorporate Ausra’s core technology, the Compact Linear Fresnel Reflector solar collector and steam generation system. This facility will further lead to the development and construction of a 177-megawatt solar
thermal power plant for Pacific Gas and Electric Company in central California. Ausra’s technology has significant advantages for its customers in cost, scalability, zero emissions and land-use efficiency. The company’s first commercial project, located in NSW, is currently under expansion. The facility will augment power production at an adjacent conventional power station later this quarter, allowing it to create the same amount of electricity
using less coal.

Ausra news release - p. 2 of 2

Ausra’s pioneering solar thermal technology was developed and first deployed in Australia by one of the company’s founders, Dr. David Mills. As Australia prepares to reduce its carbon footprint, Ausra’s solar thermal technology has the potential to play a significant role in both small and large-scale power generation and industrial process steam applications. The company’s subsidiary, Ausra Pty Ltd, is focused on expanding Ausra’s Australian operations.

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Thus, there are big, profitable dollars at stake. As most know, Al Gore lives rather nicely, thank you. And his "carbon footprint" [url=http://"http://abcnews.go.com/Politics/GlobalWarming/story?id=2906888&page=1"]is not modest at all (link, excerpts below)[/url]:

Quote:

Al Gore's 'Inconvenient Truth'? -- A $30,000 Utility Bill

Think Tank Blasts Gore for Hypocrisy, Defenders Call Report a
Last Gasp from Warming Skeptics

Back home in Tennessee, safely ensconced in his suburban Nashville home, Vice President Al Gore is no doubt basking in the Oscar awarded to "An Inconvenient Truth," the documentary he inspired and in which he starred. But a local free-market think tank is trying to make that very home emblematic of what it deems Gore's environmental hypocrisy.

Armed with Gore's utility bills for the last two years, the Tennessee Center for Policy Research charged Monday that the gas and electric bills for the former vice president's 20-room home and pool house devoured nearly 221,000 kilowatt-hours in 2006, more than 20 times the national average of 10,656 kilowatt-hours.

"If this were any other person with $30,000-a-year in utility bills, I wouldn't care," says the Center's 27-year-old president, Drew Johnson. "But he tells other people how to live and he's not following his own rules."

This is really eye opening. Picture of Gore's house below:

[Mike Davis]

You need a picture of his boat.
Thank you for finding the site for Blood And Gore! Brother AL claimed that Generation management is only an advisory firm that advises beople how to live and be green. (RIGHT!) Thhat house uses more power than the entire town where my mail goes. Even though I have a town adress I live in the sticks/ Forrest. If it helps the nearest store is called Pettycoat Junction!

[mcclane]

they're investing in california ?  I watched abit of CNN (yeah i know, bad) and they interviewed schwarzennegger and how california is very close to bankruptcy.

but at least they'll be 'green'.  ???