The smell of money ( Carbon Trading and the Money behind the Global Warming Hoax )

From Joyce Foundation

Additionally, the Foundation works to ensure that public policies truly reflect public rather than private interests, it supports efforts to reform the system of financing election campaigns.

Board of Directors - ... Valerie B. Jarett ... Previous notable board members include 2008 Presidential candidate Barack Obama who served on the board from 1994 through 2002.

Funding - When Mrs. Kean died in December of 1972, the Foundation received ninety percent of her estate, an amount in excess of $100 million.

The Foundation does not receive any contributions from the public. Joyce Foundation assets at the end of 2006 amounted to just over $900 million; grants of approximately $50 million were approved in 2006. Since its founding in 1948, the Foundation has made grants of more than $600 million to groups working to improve the quality of life in the Great Lakes region.

Programs - ... Employment: Focuses on workforce development, education, and job training for low-income workers.

Environment: Concentrates on environmental issues affecting the Great Lakes region, especially water and energy issues.

Gun violence: Funds research and advocacy to reduce gun ownership, deaths and injuries. This includes support of anti-gun groups.

Money and politics: Supports research and advocacy around such issues as campaign finance and ethics reform.

Grants in Campaign Finance Reform These are some, not all, of the organizations that the Joyce Foundation supports through grants: ...
Illinois Campaign for Political Reform
Cato Institute
The Brookings Institution
Center for Digital Democracy

Illinois Civil Justice League Uncovers Soros' "Independent" Groups

Ryan Sager of the New York Post analyzed the ICJL study of George Soros, the Illinois Campaign for Political Reform, and the Illinois race for Supreme Court. His assessment, which was published in a column in the New York Post:

"The 'nonpartisan' group, Illinois Campaign for Political Reform, spearheaded a Tone and Conduct Committee — organized under the aegis of the state Bar Association — aimed at keeping advertising by outside interests to a minimum. The media bought this charade hook, line and sinker, referring to the Illinois Campaign for Political Reform as "nonpartisan" and the Tone and Conduct Committee as 'independent.'"

"I think they would like to cut anybody out of the debate who disagrees with their agenda," says Edward Murnane, the president of the Illinois Civil Justice League. As evidence, he points to the liberal foundation funding behind the Illinois Campaign Reform Coalition, an umbrella group in the state lobbying for sweeping restrictions on political speech. That funding is detailed in another report just released by his group. "It turns out that the eight groups under the umbrella (ICPR, the Sunshine Project, the Citizen Advocacy Center, Protestants for the Common Good, the Better Government Association, Common Cause Illinois, Illinois Public Interest Research Group and the League of Women Voters of Illinois) have received about $3 million in grants from George Soros' Open Society Institute and the Joyce Foundation since 1997."

"Those names should sound familiar to anyone who has followed the unmasking of the campaign-finance lobby at the national level. They are two of the eight liberal foundations that spent more than $120 million between 1994 and 2004 to fake up a "grass-roots movement" to pass the McCain-Feingold law, defend it in court and lobby for further restrictions on political speech."

Donations Influence the News On NPR ...

http://www.canadafreepress.com/2007/cover031307.htm

Maurice Strong, Al Gore
Creators of carbon credit scheme cashing in on it
By Judi McLeod
Tuesday, March 13, 2007

EXCERPT

Strong is the silent partner, a man whose name often draws a blank in the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of a beleaguered Kofi Annan, the Canadian born Strong is little known in the Unites States. That’s because he spends most of his time in China where he works to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is big cheese in the world of climate change, and is one of the main architects of the coming-your-way-soon Kyoto Protocol.

Gore is the glitzy, media approved front man in the partnership, the flashing neon lights on the global stage warning the masses of the end of Earth, as we know it, and Hollywood’s poster boy for greening the silver screen.

The skeptics of man-made global warming believe that Gore and Strong have made climate change “the new religion”. Climate change is not the first religion both parties have tried to make stick. Along with former Soviet Union leader Mikhail Gorbachev, Strong, currently president of the Earth Council, has been boasting of replacing the Ten Commandments with the Earth Charter, a golden rule guide for how the masses should treat the environment.

Gore, who has given sermons at the United Nations sponsored Cathedral of St. John the Divine Church in New York City, is a promoter of the religion known as Gaia.

The two environmental gurus also share a belief in radical Malthusian population reduction. According to them, too many people, particularly in the U.S. are polluting the planet, emitting excessive Freon through their refrigerators and jacking up the air conditioning.

But the conduct of Al Gore and Maurice Strong in the capitalist world is one for the books. It’s a side of them that may have remained unknown had it not been for the investigative talent of the Executive Intelligence Review (EIR).

The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of An Inconvenient Truth traveled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste.Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.

“Gore left a few facts out of his speech that day. First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide,” wrote EIR.

“Second, the company had received more than $25 million in U.S. Department of energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

(no links)

TRADE IN CARBON -DIOXIDE EMISSION PERMITS PROPOSED
THE SEATTLE TIMES - Sunday, June 7, 1992
Author: JOURNAL OF COMMERCE
CHICAGO - A director of the Chicago Board of Trade has proposed the creation of an international market to trade permits to limit the amount of carbon dioxide emitted worldwide.

Richard Sandor , who is also executive managing director of Kidder, Peabody & Co., made the proposal last week at a U.N.

conference on trade and development. That conference was held in Rio

de Janeiro before the Earth Summit of world leaders to discuss environmental issues.

Sandor proposes the creation of a U.N. agency to draft a Global Warming Treaty to limit carbon dioxide emissions.

The agency would then issue entitlements - or permits - to countries that sign the treaty, setting a limit on their carbon dioxide emissions. This could lead to the sale of extra permits or even futures trading based on the entitlements.

Essentially, a country could emit carbon dioxide only up to the level set by its entitlements. Any extra entitlements could be sold or traded, creating an international market monitored by the U.N.

agency.

As with many cash markets, from grain to crude oil, futures trading based on anticipated sales of the entitlements could follow, Sandor said.

(snip)

PIONEER STILL TRYING TO CHANGE THE WORLD WITH FUTURES
Chicago Tribune - Sunday, October 3, 1993
Author: William B. Crawford Jr., Tribune Staff Writer.

EXCERPT

At Centre Financial, Sandor -assisted by a 14-member staff liberally sprinkled with individuals who hold Ph.D.s-continues to steep himself in efforts to develop cutting-edge trading instruments to solve similar problems, some having a global scope.

Centre Financial-an affiliate of Centre Reinsurance Co., which is a Bermuda-based subsidiary of Zurich Insurance Group-is under contract with the United Nations to address the problem of air pollution worldwide. In about 30 days Sandor will release a report to the United Nations Commission on Trade and Development that will, among other things, weigh the feasibility of reducing air pollution by allowing industry participants and speculators to trade carbon dioxide entitlements around the globe.

Centre Financial has two other focuses: developing hybrid insurance products to help meet the growing capital needs of the insurance industry, and designing financial risk-management software and exotic option valuation and hedging models.

BUSINESS APPOINTMENTS
Chicago Sun-Times - Monday, November 28, 1994

EXCERPT

The Joyce Foundation named Barack Obama of Davis, Miner, Barnhill & Galland a director.

Joyce Foundation ‘s new chief to focus on jobs, environment
Chicago Sun-Times - Friday, June 11, 1999
Author: JENNIFER CASSELL

To narrow the Joyce Foundation ‘s hunt for a new president from 700 applicants to one, the search committee looked for someone with an impressive resume, intelligence and_most important_creativity.

Paula DiPerna fit the bill.

On July 1, DiPerna, 50, takes over as the sixth president of the Chicago-based foundation, a billion-dollar philanthropic organization.

John Anderson, the foundation’s chairman of the board, said DiPerna’s interview with the search committee set her apart.

“She really impressed us at the interview with her intelligence,” Anderson said. “She has a broad-based experience, and knows about the things we are about.”

The Joyce Foundation , whose assets total $947 million, tackles a number of social topics, ranging from school reform to violence prevention to environmental and employment issues.

(snip)

The ticker. MIDWEST BRIEFS.
Chicago Tribune - Thursday, May 18, 2000
Author: Staff and wire reports.

The Joyce Foundation is funding work to design a voluntary market for the trading of carbon emissions. Richard L. Sandor , a longtime proponent of reducing pollution through market-based emissions-control mechanisms and visiting scholar at Northwestern University’s J.L. Kellogg Graduate School of Management, will design the carbon -trading market, using a $347,000 Joyce Foundation grant.

Center sues environmental group, alleges tax, campaign infractions By Mark D. Baker
Eastside Journal (Bellevue, WA) - Tuesday, February 26, 2002
CORRECTION 2-28-02:

The Center for the Defense of Free Enterprise in Bellevue has written a letter to the Internal Revenue Service complaining about the practices of the Washington, D.C.-based Environmental Working Group. A headline on Page 3 Tuesday incorrectly stated that the center had filed a lawsuit. BELLEVUE — A libertarian organization here has filed a complaint with the Internal Revenue Service against an environmental group in Washington, D.C alleging the group has broken several tax and campaign laws.

The Bellevue-based Center for the Defense of Free Enterprise, also says in its complaint that the Environmental Working Group illegally took a private $1.6 million grantto lobby for a new farm bill that could soon become law.

The CDFE was founded in 1976 during during America’s bicentennial celebration. A group of businessmen, educators, legislators and students were concerned about the ``rollback’’ of 200 years of individual rights and restrictions on free enterprise by big government, according to the CDFE Web site.

The EWG operates as a political action committee without being registered as one and spends more money as a lobbyist than it is allowed to by tax law, according to the center.

``They were not only lobbying, they were politicking,’’ said Ron Arnold, CDFE director.

The EWG pressured Al Gore during his run for president, the center claims.

The EWG says the allegations are hogwash.

``It’s quite a press stunt,’’ said Mike Casey, a spokesman for EWG. The allegations are ``absolutely false,’’ he said.

Casey all pointed out that the complaint has no legal ramifications.

The EWG is a nonprofit environmental research organization that uses databases to target monitoring of chemical contaminants in food, air and water, according to its Web site.

The $1.6 million grant EWG received ``was not for lobbying, it was for the creation of the Web site,’’ said Mary O’Connell, a spokeswoman for the Joyce Foundation , the Chicago-based group that gave the grant.

(snip)

http://www.ewg.org/about/board

Drummond Pike (Chair) is the founder and chief executive officer of Tides Network, a collaborative group of social justice organizations. Prior to founding Tides in 1976, Drummond received a Masters of Political Science from the Eagleton Institute at Rutgers University after graduating with Honors from the University of California, Santa Cruz.

Foundation FYI-

The high finance behind campaign finance reform
St. Petersburg Times - Wednesday, July 5, 2000
Author: MARY JACOBY
Candidates spend millions of dollars to get elected. Now, reform groups are spending their millions to make sure you know where candidates got their money.

With spending on federal elections expected to reach $3-billion in 2000, it is not hard to find a political scientist, watchdog group or even a business organization eager to denounce the increasingly dominant role of money in politics.

But while the voices for reform are many, their sources of funding are not. A small clique of wealthy private foundations provides most of the financial backing for the web of public-interest groups, researchers and academics that makes up the campaign finance reform movement.

The philanthropic donations are a drop in the bucket compared with the billions spent to influence state and federal elections. The six most active foundations in money and politics have made about $60-million in related grants over the past five years, according to records and interviews with foundation officials.

The biggest donors have been the Pew Charitable Trusts, the Chicago-based Joyce Foundation and the Florence and John Schumann Foundation, headed by public broadcast journalist Bill Moyers. Other significant players are the Carnegie Corp., the Ford Foundation and the Open Society Institute, founded by global financier George Soros.

(snip)

With about $90-million in assets, Schumann is small compared with Pew ($4.9-billion), Ford ($11.8-billion) or Carnegie ($2-billion). “There are other larger foundations with deeper pockets that can carry the momentum,” Moyers said.

(snip)

($1-billion Joyce Foundation)

AMBUSH OR JUSTIFIABLE NEWS REPORT? FUNDING FOR NPR STORY ON CASH PASSED TO AKRON COUNCILMAN AND FOR COALITION PUSHING FOR LOCAL CAMPAIGN FINANCE REFORM COMES FROM THE SAME FOUNDATION.
Akron Beacon Journal (OH) - Sunday, July 12, 1998
Author: Charlene Nevada, Beacon Journal staff writer
Akron Mayor Don Plusquellic felt sacked.

The former quarterback turned mayor wasn’t quite sure what hit him all in one day late in May.

First, a local coalition of religious activists unveiled a study that tallied up campaign contributions to the mayor and the City Council and compared that to city contract awards, raising the question of whether money buys influence at City Hall.

A few hours later, Akron was the focus of a report broadcast across the country on National Public Radio’s All Things Considered.

The NPR story was pegged to an incident in March, when an envelope of cash from representatives of an oil driller was passed to a councilman shortly before a controversial vote on an oil and gas well.

The radio report took a broader approach - quoting clergy talking about Jesus confronting the money changers — and the difficulty in distinguishing between campaign contributions and bribes in Akron.

Plusquellic, who makes the point that he still has to answer to his mother for his actions, felt the one-two punch unfairly made him and the city look bad. And he felt somewhat ambushed to have to deal with the local criticism and the national story all at once.

There might be a connection.

Funding for Dollars and Democracy, the local coalition pushing campaign finance reform, comes from the Joyce Foundation in Chicago, which also funds NPR’s coverage of money and politics.

“I call it pay to play,” said Plusquellic’s chief of staff, Joel Bailey. “The Joyce Foundation paid and NPR played.”

Officials from NPR and the Joyce Foundation say the foundation’s grants have no influence over what NPR reporters cover.

“NPR maintains a very firm fire wall between the editorial and fund-raising departments,” said spokesman Michael Abrahams.

Nevertheless, Joyce Foundation spokeswoman Mary O’Connell said a telephone call between the foundation’s vice president and the NPR reporter led the reporter to Akron — and local Dollars and Democracy workers apparently told the foundation about the envelope of cash.

Members of the local Dollars and Democracy group have spent hundreds of hours tracking campaign contributions and tying them to public contracts. The Joyce Foundation has provided $245,000 for the Akron project and similar efforts in Chicago and the Dayton-Cincinnati area.

(snip)

Stuffy Raw Data — Blood, Gore, and GIM

[Wikipedia doesn’t even have a page on David Blood yet.]

YouTube - Al Gore Caught lying Denies that Ken Lay, Goldman ...
Apr 27, 2009 ... Scalise points out that Gore met with Ken Lay, of ENRON-fraud fame circa 1998, ... LLC is none other than David Blood, CEO of Goldman Sachs’ .... queueAl Gore confronte...
www.youtube.com/watch?v=sH0Ryek7rHk

Great Climategate web page:
http://www.climatedepot.com
[Includes private climategate search engine]

http://www.climatedepot.com/a/593/VideoTranscript-The-OReilly-Factor-features-Climate-Depot-on-Gores-path-to-become-the-first-Carbon-Billionaire
Video/Transcript: The O’Reilly Factor features Climate Depot on Gore’s path to become the first ‘Carbon Billionaire’
Morano: ‘He who controls carbon controls life. It is a bureaucrat’s dream to control carbon dioxide’

10 Questions for Al Gore
http://www.humanevents.com/article.php?id=31584

[question 5] Your co-founder with Generation Investment Management is former Goldman Sachs partner David Blood. Goldman Sachs is lobbying for global warming legislation and is a part owner of the Chicago Climate Exchange, where carbon credits from cap-and-trade legislation would be traded. Do you or Generation Investment Management stand to benefit in anyway from these relationships?

David Blood: The wizard behind Generation Management - Nov. 12, 2007
Nov 12, 2007 ... Al Gore serves as chairman of Generation Investment Management, but running day- to-day operations falls to Goldman veteran David Blood.
money.cnn.com/2007/11/11/news/newsmakers/david_blo...

FORA.tv - David Blood: The Case for Sustainable Business
Jan 21, 2008 ... David Blood discusses The Case for Sustainable BusinessSustainability combines the principles of economic growth, environmental stewardship, ...
fora.tv/2008/01/21/David_Blood_Case_for_Sustainabl...

David Mitchell Blood - Home
Seize the Adventure of Success and Global Change with the Captain! ... We are also facing global environmental issues that threaten our future. ...
davidblood.weebly.com

DAVID BLOOD | The National Summit
David Blood is the Senior Partner of Generation Investment Management, a London- headquartered fund management business dedicated to long term investment and ...
www.nationalsummit.org/speaker-blood

David Blood: A Strong COP15 Treaty Will Unleash Innovation & Green ...
Dec 7, 2009 ... COPENHAGEN ? David Blood, the lesser known partner that makes up the ?Blood and Gore? of investment management group Generation Investment ...
earth2tech.com/2009/12/07/david-blood-a-strong-cop

We Need Sustainable Capitalism
Nature does not do bailouts.
http://online.wsj.com/article/SB122584367114799137.html
By AL GORE and DAVID BLOOD
When greeting old friends after a period of absence, Ralph Waldo Emerson used to ask: “What has become clear to you since we last met?”

What is clear to us and many others is that market capitalism has arrived at a critical juncture. Even beyond the bailouts and recent volatility [snip-and-gag.] [Following mantra: sustainable development, sustainability and long-term value creation, sustainability challenges]

David Blood
http://www.generationim.com/about/team/blood.html

“People and culture are critical to our long-term success at Generation.”
—David Blood, Senior Partner and Co-Founder

Senior Partner [GIM — Generation Investment Management LLP]
David Blood is Senior Partner of Generation Investment Management, a fund management business dedicated to long term investment and integrated sustainability research. Previously, David served as co-CEO and CEO of Goldman Sachs Asset Management. His responsibilities included all aspects of the global business including portfolio management, sales and client service, risk management and infrastructure. David received a B.A. from Hamilton College and an M.B.A. from the Harvard Graduate School of Business. He is on the Board of Hamilton College, Social Finance, New Forests and SHINE; on the Investment Committee of the Acumen Fund and the Advisory Board of Bridges Ventures.

Wikipedia [NOT quotable data, just for research purposes.]
http://en.wikipedia.org/wiki/Generation_Investment_Management

Generation Investment Management LLP (GIM) is a London-based investment management firm with an investment style that blends traditional equity research with a focus on sustainability factors, including social and environmental responsibility and corporate governance.

Former U.S. Vice President Al Gore is chairman of Generation, and David Blood — previously chief executive of Goldman Sachs Asset Management — is CEO. The pair has given the company its nickname, “Blood and Gore.”

Generation Investment Management LLP is authorized and regulated by the Financial Services Authority in the UK.

Generation has built a global research platform to integrate sustainability research into fundamental equity analysis. The firm focuses on the economic, environmental, social, and governance risks and opportunities that can materially affect a company’s ability to sustain profitability and deliver returns.

History
The November 2004 press release announcing the launch of the firm included the following quote from Gore:

I’m delighted to join David Blood in founding this firm. The issue of sustainability has always been a passion of mine. Helping to establish the competitive business advantages of sustainability in an investment context with this exceptional team is a very exciting challenge.
Transparency, innovation, eco-efficiency, investing in the community, nurturing and motivating employees, managing long-term risks, and embracing long-term opportunities are integral parts of a company’s enduring capability to create value. Business leaders who align their business strategy and technical development with sustainability and social accountability will deliver superior long-term results to shareholders.
Generation began investing client money in April 2005, and has offices in London, New York and Sydney. The firm currently employs 36 people. Generation’s Advisory Board, convened by Gore, helps set Generation’s long-term thematic research agenda into global sustainability and renewable energy issues. Past areas of focus have included climate change, poverty and development, ecosystem services and biodiversity, water scarcity, pandemics, demographics and migration, and urbanization.

In November 2007, Generation and Kleiner Perkins Caufield & Byers (KPCB) announced a global collaboration to “find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the current climate crisis.”[1] As part of the collaboration, prominent KPCB Partner John Doerr joined Generation’s Advisory Board.

[edit] Controversy
Online commentators and think-tank policy analysts have suggested that Al Gore has created a conflict of interest by working with GIM and simultaneously being the spokesperson for action on global warming.[2][3] The Competitive Enterprise Institute believes that the government policies Gore advocated to the U.S. Senate in January 2009 “will make him and his friends extremely wealthy at the expense of consumers.”[2] Such criticism over this alleged conflict of interest has been made as early as March 2007.[3]

GIM also owns a 2.98% stake in the Climate Exchange[4], which in turn owns the Chicago Climate Exchange. This gives Al Gore a financial bias towards promoting global warming control through the trading of carbon credits.[5]

[edit] Building energy efficiency
A significant amount of this article or section’s content may actually relate to Al Gore. See coatrack articles and content forking for details. (May 2010)

According to the GIM website they have sponsored a full energy efficiency audit for each employee’s residence, including suggestions for ways they can make home energy improvements. In February 2007, a conservative think tank cited a report by the Nashville Electric Service that showed Gore used an average 16,000 kilowatt hours a month for an average monthly bill of $1,206 in 2006. The typical Nashville home uses about 1,300 kilowatt hours.[6] Since then, Gore “has completed a host of improvements to make the home more energy efficient, and a building-industry group has praised the house as one of the nation’s most environmentally friendly.”[7] Kim Shinn of the US Green Building Council said of the renovations: “Short of tearing it down and starting anew, I don’t know how it could have been rated any higher” for sustainable design.”[8]

[edit] Partnerships
The Alliance for Climate Protection (Repower America)
World Resources Institute
Natural Resources Defense Council [9]
The Climate Project
Mistra Foundation [10]
[edit] Investments
Ausra
New Resource Bank [11]
[edit] Funding opportunities
Generation Investment Management suggest use the funding opportunities from:

CleanTech Venture Network [12] (Ernst & Young)
Investors´ Circle (USA) [13]
[edit] See also
Sustainable capitalism
[edit] References
^ “Generation Investment Management and Kleiner Perkins Caufield & Byers Create International Alliance to Accelerate Global Climate Solutions”. Kleiner Perkins Caufield & Byers and Generation Investment Management. 2007-11-12. http://www.generationim.com/media/pdf-generation-kpcb-12-11-07.pdf. Retrieved 2007-11-13.
^ a b http://cei.org/node/21602
^ a b http://wizbangblog.com/content/2007/03/03/al-gore-inconvenient-profit.php
^ http://www.climateexchangeplc.com/investor-relations/shares-in-issue-top-10-holders
^ http://www.humanevents.com/article.php?id=22663
^ Associated Press (2007-12-13). “The Associated Press: Gore Completes Renovations to Tenn. Home”. http://ap.google.com/article/ALeqM5hcDkxa5vPOYsh-mZHZdeBShhlZcAD8TGQVP80. Retrieved 2008-01-08.
^ Fox News (2007-12-14). “Gore Completes Renovations to Tenn. Home”. http://www.foxnews.com/wires/2007Dec14/0,4670,GoreTennesseeHome,00.html. Retrieved 2008-01-08.
^ CNN (2007-10-12). “Gore Makes Nashville home more “green””. http://www.cnn.com/2007/POLITICS/12/13/gore.home.ap/. Retrieved 2008-01-08.
^ http://www.nrdc.org/
^ http://www.mistra.org
^ http://www.newresourcebank.com
^ http://cleantech.com/
^ http://www.investorscircle.net/

[unquote]

(no links)

Gore helping to start investment company
Tulsa World (OK) - Tuesday, November 9, 2004
Author: Bloomberg, AP and Staff Reports
Former Vice President Al Gore will help select investments for a firm he’s starting with David Blood , who used to head asset management at Goldman Sachs Group Inc.

The new company, Generation Investment Management, will target pension funds and clients who can invest at least $3 million.

Based in London, it will invest in companies whose business practices meet criteria based on how they treat their workers and the environment, as well as their potential for growth, Gore said.

“It will be focused on long-term global equities and on the integration of sustainability research with traditional equity analysis,” Gore told Bloomberg News. “My expertise is more on the issue of sustainability.”

Generation Investment plans to target investors who believe companies following so-called socially responsible guidelines will also post better returns, Gore said.

“The tobacco industry would almost certainly not qualify for a long-term investment strategy,” Gore said. That’s “because of the overhang of lawsuits, and its products kill its customers.”

Generation, which will also have an office in Washington, D.C., will start managing money in February for its six founding partners, who have put up more than $10 million.

(snip)

Gore to Advise Firm On Green Investing - Venture Capital Expands Into ‘Clean Tech’
Washington Post, The (DC) - Tuesday, November 13, 2007
Author: Rachel Konrad, Associated Press
Al Gore announced yesterday that he was joining Silicon Valley’s most prestigious venture capital firm to guide investments that help combat global warming.

Gore, 59, who won the Nobel Peace Prize last month for his work on climate change, joins Kleiner Perkins Caufield & Byers as it and dozens of other venture firms expand into “clean-tech” investments worldwide.

The former vice president, who starred in the Academy Award-winning documentary on global warming, “An Inconvenient Truth,” is expected to be a high-profile, active partner at Kleiner Perkins of Menlo Park, Calif. He was already a senior adviser to Google and a member of the board at Apple.

Gore said he would donate all of his salary as a Kleiner Perkins partner to the Palo Alto, Calif., advocacy group he co-founded, the Alliance for Climate Protection. The alliance focuses on accelerating policy solutions to the climate crisis. He would not disclose the amount.

(snip)

Additionally, Kleiner Perkins partner John Doerr announced yesterday that he was joining the advisory board of Generation Investment Management, the $1 billion investment firm Gore founded with David Blood , who previously managed $325 billion in assets at Goldman Sachs’s London office. Doerr is one of Silicon Valley’s most outspoken clean-tech advocates.

Clean technology encompasses alternative fuels, water purification, renewable energy and recycling programs and other eco-friendly initiatives, as well as products ranging from electric cars to microbes that search for oil in seemingly tapped-out wells.

North American and European venture capitalists invested $1.9 billion in clean-tech companies in the first half of 2007, a 10 percent increase compared with the first half 2006, the trade group Cleantech Network said.

Last year, Kleiner Perkins reserved $100 million of its $600 million investment fund for start-ups that work on reducing carbon dioxide emissions. The firm expects to dedicate one-third of new funding to clean tech by 2009.

In 2005, Kleiner Perkins named Colin Powell, a former secretary of state, a strategic limited partner, but the moderate Republican has not played a prominent role at the firm.

For years, Gore has been good friends with Doerr, a former Intel salesman who became a billionaire from early investments in start-ups such as Netscape Communications, Amazon.com and Google. They were together so much in the 1990s that fellow venture capitalist and former InfoWorld editor Stewart Alsop II created spoof political buttons that said “Gore and Doerr in 2004.”

http://publicintelligence.net/generation-investment-management-llp/

Generation Investment Management LLP

http://www.rockefellerfoundation.org/news/press-releases/global-impact-investing-network-launched

Press ReleasesShareThis Global Impact Investing Network Launched
New Industry Group Launched to Facilitate For-Profit Investing that Addresses Social and Environmental Challenges
September 25, 2009 / Press Releases
President Bill Clinton today announced the launch of the Global Impacting Investing Network (GIIN), a non-profit organization dedicated to promoting more effective impact investing around the world, at the Clinton Global Initiative in New York City. Impact investing is the use of for-profit investment to address social and environmental problems. The GIIN will promote the infrastructure, activities, education, and research that enable more effective impact investing, and will ultimately lead to a coherent, well-developed marketplace for the impact investing industry.

(snip)

Founding members announced today include:

Acumen Fund, The Annie E. Casey Foundation, The Bill and Melinda Gates Foundation, Calvert Foundation, Capricorn Investment Group, Citigroup, Deutsche Bank, Equilibrium Capital, Generation Investment Management, Gray Ghost Ventures, IGNIA, J.P. Morgan, Lundin for Africa, Lunt Family Office (Armonia), Omidyar Network, Prudential, The Rockefeller Foundation, Root Capital, Shorebank/NCIF, Trans-Century, Triodos Investment Management, and Wolfensohn & Company.

(snip)

http://www.globalimpactinvestingnetwork.org/cgi-bin/iowa/aboutus/history/index.html

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Thanks!