Skip to comments.Green energy bad idea for pension funds
Posted on 07/15/2012 7:40:28 PM PDT by george76
State pension fund managers you can relax now: Al Gore is here.
Gore wants to put your retirement savings in green energy. He does not want to tell us what companies or how much.
Just last month it was revealed that Al Gores investment company has been managing assets for New York state and city pension funds for three years. Pension fund officials say Al is doing a great job.
But they refuse to tell us where Gore is putting the money.
The news of Gores involvement in state pension funds comes the same week several research reports surfaced that said state public employee pension funds are in crisis and underfunded by $1 trillion to $4 trillion.
The list of lousy green stocks is just about the closest thing we have to an infinite renewable resource.
Curious how almost all of the investments in green energy that Gore would make for public employees require public subsidies and regulatory relief from the same people who are investing in the technology.
(Excerpt) Read more at utsandiego.com ...
The Bernie Madoff of green energy managing pension funds .... what could possibly go wrong?
I much prefer the Bernanke approach: his entire retirement is in one tobacco stock - MO - which will make you a ton of money. BTW.
I’ll continue to invest my money in Petroleum, thanks.
Can you imagine the inevitable day when big government seizes control of all retirement funds and dictates where all “investments” must go?
Like Argentina did ?
They won’t have to anymore, they hold the shackles of Phony-Care.