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“The bank owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets. There’s also a $500 million Green Growth Fund set up by a Goldmanite to invest in green-tech … the list goes on and on. Goldman is ahead of the headlines again, just waiting for someone to make it rain in the right spot.”
To meet his 10-year goal of making the U.S. independent of foreign oil and to head off increased climate change, Gore said nuclear energy output would continue at current levels while the nation dramatically increases its use of solar, wind, geothermal and so-called clean coal energy. Huge investments must also be made in technologies that reduce energy waste and link existing grids, he said.
If the we (U.S.) fails to act, the cost of oil will continue to rise as fast-growing China and India increase demand, Gore said. Sustained addiction to oil also will place the nation at the mercy of oil-producing regimes, he also said, and the globe would suffer irreparable harm. The indicators seem to be there. What do you think about his plan?
Correction: If we fail to act…
Green energy funds can take the form of blocks of clean energy credits, which are used to invest in riskier technologies that can positively impact the environment once they are implemented in the market place. Learn about green funds and investments with information from the executive director of the Institute for Sustainable Practice in this free video on green energy.
China is working hard on developing such technology cause, well, China really can’t pack much more pollution into their environment. And they know this. They know this so well that they are even taxing American corporations for adding pollution to their country during this whole “We need to help China by industrializing them” deal.
So instead of America investing in our own green gear, we’re investing in China’s. WOO!