[G]lobal warming is a growth industry designed to keep Earth and some bank accounts green.
Gore himself joined the venture capital group, Kleiner Perkins Caufield & Byers just last September. On May 1, the firm announced a $500 million investment in maturing green technology firms called the Green Growth Fund.
The group announced another $700 million to be invested over the next three years in green-tech startup firms. But if the green technology business, uh, cools down, there will be no return on that investment. There would be no need for such investments if global warming wasn't a threat. So Gore just launched, among other things, a $300 million on an ad campaign to convince us it is so.
Speaking at a conference in Monterey, Calif., on March 1, the former vice president admitted to having "a stake" in a number of green investments into which he recommended attendees put money rather than "subprime carbon assets" such as tar sands and shale oil. He also is co-founder and chairman of Generation Investment Management, which sells carbon offsets that allow rich polluters to continue polluting with a clear conscience.
The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.