Global warming skeptics are often villifies as being either kooks or crooks in the pay of "Big Oil." But the billions of dollars being soaked up by the promoters of the apocalyptic Global Warming hypothesis are totally ignored. In particular the fortune Al Gore has garnered in his quest to save the planet is seldom mentioned. Here is a blurb on some of Gore's recent success from the bog "Greenie Watch."

The Church of England's Church Commissioners have gone green, investing 150 million pounds with former US Vice-President Al Gore's environmentally minded investment firm, Generation Investment Management.

On Nov 18 the First Church Estates Commissioner, Andreas Whittam Smith reported that in late September the Commissioners had placed the funds with Gore's boutique management firm which follows an "environmentally sustainable global equities mandate." Funding for the investment came from "cash and Treasury bills", he said, and not from the sale of UK equities as initially planned.


In Oct 2007 Mr Gore was awarded the Nobel Peace Prize for his work in raising awareness of the potential threats from climate change. Generation Investment Management was founded in 2004 by Mr Gore and David Blood, former head of Goldman Sachs Asset Management, and had almost œ5 billion under management before the market collapse. The firm invests in companies that follow "socially responsible" business model such as insulin manufacturer Novo Nordisk, Swiss food conglomerate Nestl‚, and San Francisco's New Resource Bank --- a "green" lender in the US.

Speaking at a press conference last March in Geneva, Mr Gore said private industry should take the lead in creating environmentally friendly market capitalism noting that "more money is allocated by markets around the world in one hour than by all the governments on the planet in a full year." "The principles and ways and values that have an impact on the way markets allocate resources can have an enormous effect" in tackling climate change, he said.

Institutional investors in his fund are "more attracted to the strategy we follow are managing long-term assets toward long-term goals." "Those looking for a quick hit in the market place, to skim the cream and go somewhere else, those are not the investors attracted to this strategy," Mr Gore said, according to wire service reports.

My prediction is that Gore will be a billionaire before the media and the politicians finally admit that CO2 emissions are not destroying the world.