Wednesday, April 15, 2009

Obama Urged to Revive National Meatless Program
Presidents Wilson, Truman and Roosevelt all instituted national meatless days in order to divert food to troops overseas and alleviate worldwide food shortages. Today, a growing body of experts say that moderate reductions in meat consumption will mitigate climate change, lessen fossil fuel dependence, conserve fresh water and help reduce the chronic preventable conditions that today kill 70 percent of all Americans -- cancer, obesity, diabetes and cardiovascular disease.
April '09: Is John Doerr crying over his failed oil investment?
(Fortune Magazine) -- "Borrow, buy, burn. Every part of that has got to stop" is a rallying cry for John Doerr. Sadly, Doerr's firm, Kleiner Perkins, did not consider these goals before making its investment in Terralliance Technologies.
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Only last summer, when Fortune featured Kleiner and its capital-intensive shift into energy, Terralliance, based in Newport Beach, Calif., was viewed as the great green hope. (See "Kleiner Bets the Farm.") At the time, Terralliance was weeks away from raising more than $1 billion at a valuation of $4.4 billion (including the new cash) from Temasek, the Singaporean sovereign wealth fund.

Kleiner's dirtying its hands in the oil patch was something of a head-scratcher. Back then the firm had recently hired Al Gore as a partner. But money is money, oil was trading for $140 a barrel, and Terralliance was said to have developed software that reduced the risk of drilling dry holes. It looked as if Terralliance could be a moneymaker for Kleiner, which had sunk a total of $65 million into the venture, an extraordinary sum for a VC firm - possibly its biggest single investment ever.

Not even a year later, Kleiner is learning the hard way how difficult it can be to enter new sectors.
2007: John Doerr breaks into tears as he suggests that burning oil may kill us all
When John Doerr spoke at the Ted conference in March, he broke into tears at the end of a 20-minute talk about global warming.

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