America’s favorite climate hysteric, former vice-president Al Gore, has announced his newest money-making scheme fueled by climate change alarmism. Gore is a co-founder of Generation Investment Management — a $36 billion investment firm. The company’s new $1.7 billion Sustainable Solutions Fund IV will focus investments on companies “that contribute to lower emissions, increased financial inclusion and more accessible healthcare,” according to Bloomberg.
Gore is already reportedly worth over $300 million largely due to his climate change advocacy and his embrace of the alarmist position on global warming. His 2006 film An Inconvenient Truth is responsible for misleading an entire generation of schoolchildren on the science of climate change, which Gore claims is a “planetary crisis” requiring a “planetary solution.”
The new Sustainable Solutions Fund IV will allow the company “to invest $50-$150 million as active minority investors in high-growth companies that are shifting industries toward sustainability and responsible innovation at scale,” according to a company statement.
It’s all about that frequent United Nations buzzword, “sustainability.”
“We’ve been researching the changes needed for a sustainable future, and investing in pioneering companies driving that transition for over 15 years. Our systems-level view helps us identify industries, companies and entrepreneurs that can scale sustainable solutions globally. We believe this helps us to see value where others don’t, and add value where others can’t,” said Generation Investment Head of Growth Equity, Lila Preston.
According to Preston, the new fund is a response to what she calls the “sustainability revolution,” which the company believes will have “the magnitude of the industrial revolution and the speed of the digital revolution.”
The fund’s investments will focus on companies with revenues between $30 and $300 million whose long term plans include a “system-positive contribution … to ensure they are clearly driving the transition to a more sustainable future.”
Firms considered for investment must show a focus on:
1. Planetary health: net-zero-carbon solutions transforming mobility, agriculture, energy and enterprise by reducing waste and emissions, and enhancing biodiversity
2. People health: enabling better health outcomes and a lower-cost, more accessible healthcare system
3. Financial inclusion: supporting access to finance, reducing inequality and supporting an equitable future of work
David Blood, a former Goldman Sachs executive who co-founded Generation Investment Management with Gore in 2004, offered more UN buzzwords in his explanation of the new fund’s purpose.
“Sustainability has been and will always be at the core of our mission, but we know we cannot achieve this mission on our own. We believe partnership is the way to succeed,” Blood said. “When companies and entrepreneurs work with Generation, they don’t just get a single point of contact. They gain access to our team, extended network and a continuum of capital across private and public equity to help them scale and transform, and to bring system-positive change for generations to come.”
Gore has made a substantial fortune by using fear tactics associated with highly speculative science, which predicts a future of gloom for humanity unless globalist schemes are enacted to save ourselves from ourselves. At a time when Americans (and, indeed, the world) are suffering from fuel shortages brought on largely by “green” political actions, Mr. Gore again seems poised to profit handsomely off a perceived global crisis, which he himself is partially responsible for creating,
