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Al Gore has another $683 million to spend on climate projects

Al Gore now managing over one billion dollarsFormer U.S. vice president Al Gore will chair a new $683 million Climate Solutions Fund from Generation Investment Management. The money will be used to seed public and private companies in long-term investments in carbon markets, renewable energy and cleaner fossil fuel use. Generation includes Gore's BFF John Doerr, the Kleiner Perkins venture capitalist, on its advisory board, and has partnered with Doerr's firm in the past. Doerr and Gore are currently raising another $400 million late-stage investment fund for Kleiner. Preaching climate-change end-times sermons can get the creative-capitalist congregation to dig deep when the collection plate comes around.

3:20 PM on Wed Apr 30 2008
By Jackson West
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