Posted on 09/29/2011 9:28:36 AM PDT by maggief
David Blood, president, chief executive and co-founder of socially responsible asset manager Generation Investment Management with former US vice-president Al Gore, was awarded a 39% pay rise last year after a strong 12 months for sustainable investing. He took home £10.7m. Profits at the asset manager in the year to the end of last December rose 55.8% to £49.1m, and it currently has approximately $7bn under management, according to accounts filed at Companies House.
Generation’s 20 partners were paid a combined £49.4m, up from £31.6m in 2009.
(snip)
Last year, “ethical” investment outperformed more traditional asset classes. The FTSE/JSE Socially Responsible Index rose 11.84%, while the MSCI World Index increased 8.36%.
The company, which is run from purpose-built sustainable offices in London and New York, invests in firms based on economic, environmental and social criteria.
Blood, Gore and Mark Ferguson, the son of Manchester United manager Sir Alex Ferguson, founded the London-based firm in 2004.
Before that Blood was chief executive of Goldman Sachs Asset Management and the first recipient of the John L. Weinberg Award in 1990, given to a professional in the investment banking division who best demonstrates the US bank’s core values
(Excerpt) Read more at efinancialnews.com ...
http://www.muckety.com/Generation-Investment-Management/5000777.muckety
Generation Investment Management
People related to Generation Investment Management:
David W. Blood - co-founder & senior partner
L. John Doerr - advisory board member
Mark Ferguson - managing partner & CIO
Albert A. Gore Jr. - chairman
Peter Harris - managing partner & COO
Peter S. Knight - managing partner
Colin le Duc - managing partner
Miguel Nogales - managing partner
Other current Generation Investment Management relationships:
Ausra, Inc. - investor
Generation Investment Management
http://www.muckety.com/David-W-Blood/29954.muckety
David W. Blood
Gender: Male
David W. Blood lives and/or works in
London, UK.
David W. Blood current relationships:
Acumen Fund - advisory council member
Generation Investment Management - co-founder & senior partner
Hamilton College - trustee
David W. Blood past relationships:
2008 Barack Obama presidential campaign - London fundraiser co-chair
Goldman Sachs Asset Management - CEO
Rupert Murdoch’s daughter to hold Barack Obama fundraiser
US presidential election 2008
By Tom Leonard in New York
12:01AM BST 03 Apr 2008
EXCERPT
Others involved in the London fundraiser include Ruthie Rogers, the River Café chef and wife of the architect Lord Rogers, the Warner Bros UK chief Josh Berger and David Blood, who runs an eco-friendly investment fund with Al Gore.
(no link)
Why Blood and Gore love cap-and-trade
Star-Ledger, The (Newark, NJ) - Sunday, July 5, 2009
Author: PAUL MULSHINE, STAR-LEDGER STAFF
If my e-mail is any indication, every conservative in New Jersey is angry with the three Republican congressmen from our state whose votes last week helped provide the winning margin for that cap-and-trade bill.
With good reason. It’s an awful bill. And I’ll give you two reasons: Blood and Gore.
No, I’m not talking about a horror movie, but there is a link to the cinema. Around the time Al Gore was putting together that movie about the horrors of global warming titled “An Inconvenient Truth,” he was also putting together a firm with a former Goldman - Sachs executive named David Blood . The firm, Generation Investment Management, recently bought a share of a company called Camco International Ltd., which trades in carbon credits.
(snip)
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http://www.freerepublic.com/focus/f-news/2026191/posts
Al Gore-backed investment firm buys 9.5 pct Camco Intl stake (carbon credits)
AFX ^ | June 4, 2008
Posted on Wednesday, June 04, 2008 7:51:32 PM by Shermy
LONDON (Thomson Financial) - Generation Investment Management, the private equity fund chaired by former U.S. vice president Al Gore, has acquired a 9.5 percent stake in Camco International Ltd, a carbon asset developer.
Generation, set up in 2004 by Gore and David Blood, former chief of Goldman Sachs’s asset management arm, now holds 16 million Camco shares, Camco said in a statement.
Camco, which has one of the world’s largest carbon credit portfolios, works with companies to identify and develop projects that reduce greenhouse gas emissions and then arranges the sale and delivery of carbon credits.
TOPICS: Business/Economy; Crime/Corruption; Extended News; News/Current Events; Click to Add Topic
KEYWORDS: algore; camco; ecoprofiteers; environment; enviroprofiteers; envirowhackos; goreenron; Click to Add Keyword
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Solutions to climate change
Camco is a leading carbon asset developer with one of the world’s largest carbon credit portfolios. We generate carbon credits by partnering with companies to identify, develop and manage projects that reduce greenhouse gas emissions. Camco then arranges the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.
Camco is a market leader in China and Russia [!!!] - two of the largest potential markets for carbon credits - as well as in Eastern Europe and Africa. We are also developing projects and managing carbon emissions in North America, a significant market not currently covered by the Kyoto Protocol flexible mechanisms.
Our innovation, breadth of experience and diversity of expertise have resulted in a number of milestone projects and industry awards. Camco was voted Best Project Developer in a 2007 survey of carbon industry participants undertaken by Point Carbon. The Yangquan Coal Mine Methane (CMM) project, the world’s largest CMM project, was voted Carbon Transaction of the Year by Environmental Finance magazine.
How we deliver carbon credits
Origination Camco identifies and co-develops industrial projects that have the potential to reduce emissions. We are able to assist in raising finance, both through carbon asset financing, and innovative debt / equity structures.
Qualification Once financing is secured, Camco manages the project through the regulatory process. Camco has the expertise to develop new methodologies if required, and has successfully verified both compliance and voluntary market projects.
Structuring Camco is highly experienced in working with the project owner to advise on and develop the best possible structure for the deal. We have helped to structure some of the largest CDM projects developed to date.
Placement It is important to secure the best possible prices for our clients. We are uniquely positioned in the international carbon market to work on behalf of project owners, and have offices close to buyers in London, Europe and North America, and with strong links into Japan.
Asset management It is essential that projects achieve successful verifications and carbon credit issuance. Our experienced in-house technical team work closely with clients to ensure assets are delivered in a timely manner.
http://www.camco-international.com/camco_whatwedo.php
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Camco May Accelerate Carbon-Credit Production in 2010, CEO Says
March 25, 2010,
By Ben Sills
March 25 (Bloomberg) — Camco International Ltd., the U.K. investor whose biggest shareholder is headed by Al Gore, expects its carbon-offset projects to generate at least 18 percent more credits this year.
That was Camco’s growth rate in 2009, when it earned United Nations-certified credits for 3.3 million metric tons of avoided carbon emissions, compared with 2.8 million tons in 2008.
“We’d expect a similar increase, if not higher for this year,” Chief Executive Officer Scott McGregor said yesterday in a telephone interview.
The UN panel that grants the securities, called Certified Emission Reduction credits, is aiming to assess projects more quickly after issuance fell for the first time last year and prompted complaints from investors.
Shafqat Kakakhel, a member of the executive board of the UN’s Clean Development Mechanism, this month forecast credit issuance will rise by about a fifth to about 150 million tons.
Camco has 50 projects waiting for approval from the UN with the potential to generate credits that represent as much as 30 million tons of avoided emissions through 2012, UN data on Bloomberg show.
(snip)
Gore, the climate campaigner and former U.S. vice president, is chairman of Generation Investment Management LLP, Camco’s biggest shareholder with a 20 percent stake, according to Camco’s Web site.
Massive injections of taxpayer money that nobody has to account for will do that. /Solyndra
http://www.nytimes.com/2009/11/03/business/energy-environment/03gore.html
Spotlight on Gore ‘s Dual Role As an Advocate and Investor
New York Times, The (NY) - Tuesday, November 3, 2009
Author: JOHN M. BRODER
Abstract: Al Gore finds himself in position of having to defend decision to invest, through his venture capital firm Kleiner Perkins Caufield & Byers, in Silver Spring Networks, which produces hardware and software to make electricity grid more efficient; Gore and his partners invested $75 million in Silver Spring, which wanted to expand its partnerships with utilities seeking to install millions of smart meters in home and businesses; deal appears to have paid off now that Energy Dept has announced $3.4 billion in smart grid grants, with $560 million going to Silver Spring; Gore and his partners could reap great returns from investment and he is defending that investment against critics who say he stood to benefit personally from energy and climate policies he urged Congress to adopt; Gore contends his investmenet activities are consistent with his public advocacy; photo (M)
(snip)
He is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore ). Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said.
He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.
Mr. Gore ‘s spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay.
Ion Yadigaroglu, a co-founder of Capricorn, said that Mr. Gore does not sit on the fund’s investment committee, but obviously agrees with the partners’ strategy of putting long-term money into promising ventures in energy, technology and health care around the globe.
“Aspirationally,” said Mr. Yadigaroglu, who holds a doctorate from Stanford in astrophysics, “we’re trying to make more money than others doing the same thing and do it in a way that is superior in ethics and impacts.”
Mr. Gore has said he invested in partnerships and funds that try to identify and support companies that are advancing cutting-edge green technologies and are paving the way toward a low-carbon economy.
He has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.
Capricorn holds a major stake in Falcon Waterfree Technologies, the world’s leading maker of waterless urinals. Generation has holdings in Ausra, a solar energy company based in California, and Camco , a British firm that develops carbon dioxide emissions reduction projects. Kleiner Perkins has a green ventures fund with nearly $1 billion invested in renewable energy and efficiency concerns.
Mr. Gore also has substantial interests in technology, media and biotechnology ventures that have no direct tie to his environmental advocacy, an aide said.
(snip)
//
Al Gore could become world’s first carbon billionaire
Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.
The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.
The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.
(snip)
http://resources.bnet.com/topic/kleiner+perkins+caufield+&+byers.html
Former Secretary Colin Powell Named Strategic Limited Partner at Kleiner Perkins Caufield & Byers
MENLO PARK, Calif. — Kleiner Perkins Caufield & Byers KPCB — an innovator in providing venture and relationship capitalSM services to entrepreneurs — announced former Secretary of State Colin Powell has become a KPCB strategic limited partner.
Tip of the iceberg!
http://www.jpost.com/Sci-Tech/Article.aspx?ID=216496&R=R1
US SunShot initiative backs promising solar firms with $5.8m
The US Department of Energy’s National Renewable Energy Laboratory (NREL) has handed out $5.8m to a quartet of promising solar technology companies as part of its high-profile SunShot Incubator programme.
Tigo Energy was given more than $3m to pilot a low-cost DC arc-fault detector, which is designed to enhance the safety of PV arrays while reducing operations and maintenance costs for system owners.
(snip)
http://www.jpost.com/Sci-Tech/Article.aspx?ID=216496&R=R1
Al Gore invests $10m. in Israeli solar energy projects
By YUVAL AZULAI / GLOBES
04/13/2011 20:19
Gore’s cleantech fund to finance Tigo Energy Inc., which develops solutions to maximize output by photovoltaic installations.
Tigo Energy Inc. has raised $10 million in its third financing round plus a $10 million credit line from Climate Solutions Fund LP, managed Generation Investment Management LLP, whose chairman is former US Vice President Al Gore. Tigo develops solutions to maximize output by photovoltaic installations.
(snip)
TOWARD SUSTAINABLE CAPITALISM
Wall Street Journal, The (abstracts) - Thursday, June 24, 2010
Author: AL GORE and DAVID BLOOD
Abstract: Al Gore and David Blood commentary calls for sustainable capitalism that seeks to maximize long-term value creation; contends compensation needs to be aligned with long-term objectives with financial rewards linked to period over which results are realized; urges giving shareholders say on executive pay, while rejecting compensation caps; drawing
Let me see: Pounds 7billion in assets and Pounds 49 million in profits? If they pay it all out in bonuses to the partners, what is the return to those who supplied the 7 billion?
Something does not compute.
Can anyone clarify the acounting procedures for this type of operation?
Let me see: Pounds 7billion in assets and Pounds 49 million in profits? If they pay it all out in bonuses to the partners, what is the return to those who supplied the 7 billion?
Something does not compute.
Can anyone clarify the acounting procedures for this type of operation?
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