They argue that to halt global warming, nothing less will be required than a makeover of the $6 trillion global energy business. Coal plants, gas stations, the internal-combustion engine, petrochemicals, plastic bags, even bottled water will have to give way to clean, green, sustainable technologies. "What we are going to have to put in place is a combination of the Manhattan Project, the Apollo project, and the Marshall Plan, and scale it globally," Gore continues. "It'd be promising too much to say we can do it on our own, but we intend to do our part."2. From the Wall Street Journal:
Does that sound grandiose? Sure. Will they be accused of being partisan? Probably. Is there something incongruous about globetrotting rich guys jetting between multiple homes and lecturing the rest of us about climate change? Of course.
Al Gore no longer needs to make claims about creating the Internet, because the former Vice President deserves much of the credit for creating an entire new industry -- the global warming business.3. From NewsBusters, "Global Warming Hysteria Could Make Gore Richest VP in History"; and "Was Gore Hired as Venture Capitalist or Venture Lobbyist?" here.
And like the energy barons of an earlier age, Mr. Gore has the chance to achieve enormous wealth after being named last week as a new partner at the famously successful venture capital firm Kleiner Perkins. No fewer than three of his new colleagues sit on the Forbes list of wealthiest Americans. If Mr. Gore can develop market-based solutions to environmental challenges, we will cheer the well-deserved riches flowing his way. On the other hand, if he monetizes his Nobel Peace Prize by securing permanent government subsidies for nonmarket science projects, he'll have earned a different judgment.
An excerpt from that second link:
Paul Gigot, Host: Wait a minute. You're saying that this is not necessarily all about venture capitalism, but it may be about venture politics in Washington?
Freeman: Well, as far as why they make certain investments and how, I'll leave that to experts, but what's absolutely clear is that the stakes are huge for the companies they've invested in, in the green tech space in the Washington energy bill, if it ever happens.
Gigot: What companies are those? Are they in ethanol, solar?
Freeman: Two companies in ethanol. Another company that is biofuels, claiming to be creating something even better than ethanol, which probably won't be hard. Whether it can be better than gasoline is the tough challenge. Then you have two companies in solar, another one in geothermal.
Gigot: Wow. So 60 votes in the Senate may be Al Gore's real game here if can he do something in Washington to get that energy bill through the Senate.
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