Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Izzy Dunne; All
FR thread: "SolarCity - Another Obama Scandal"

GIM: Generation Investment Management LLP co-founders: [Al Gore and David Blood [headed Goldman’s $325 billion asset management division] LINKS to their advocacy and editorials.

"The $683 million "Climate Solutions Fund" piece of GIM has made direct, minority investments in a number of cleantech firms including SolarCity, Tigo, Ausra, and SMA." Source Oct. 4, 2012 "...........Gore entered the investment world full time by co-founding Generation Investment Management [GIM], a London-based investment firm. He was the type of high-profile partner sought by Goldman Sachs executive David Blood, who had headed Goldman’s $325 billion asset management division and was looking to start a new firm. The pair launched GIM in 2004 to back companies focused on sustainability, including clean energy, water scarcity and poverty....

___________________________

....Gore also found himself to be a sought-after star among elite Silicon Valley investors. In late 2007, he became a senior investment partner at one of the world’s most successful venture capital firms, Kleiner Perkins. He was combining forces with longtime friend John Doerr in a joint mission to spur clean tech.........

As Obama was preparing to take office, it was clear his public agenda supporting clean energy aligned with Gore’s personal agenda. Obama held a highly publicized meeting with Gore at transition headquarters in Chicago to talk about energy policy. Later, Obama closely echoed several of Gore’s talking points and his plan for public investment in clean energy. Obama even adopted Gore’s campaign catchphrase for the effort, “Repower America.”

“This is a matter of urgency and national security,” Obama said. “We have the opportunity now to create jobs all across this country in all 50 states to repower America, to redesign how we use energy and . . . make us competitive for decades to come — even as we save the planet.”.....

Gore’s investments coincided with the government’s largest investment in clean tech. A full 10 percent, estimated at $80 billion to $90 billion, of the 2009 stimulus package was devoted to clean energy.......

....Rep. Fred Upton (R-Mich.), who chairs the Energy and Commerce Committee and is a leading critic of clean tech funding, said Gore’s portfolio “is reflective of a disturbing pattern that those closest to the president have been rewarded with billions of taxpayer dollars . . . and benefited from the administration’s green bonanza in the rush to spend stimulus cash.”......." Oct 10, 2012 [Washington Post]

39 posted on 10/14/2012 11:38:53 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 3 | View Replies ]


To: All

I have no idea why the text in Post #39 is in red.


40 posted on 10/14/2012 11:40:37 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 39 | View Replies ]

To: Cincinatus' Wife
I have no idea why the text in Post #39 is in red.

Your link, "SolarCity - Another Obama Scandal" was not properly closed with a slash. It looks like this < a>.

44 posted on 10/14/2012 11:45:20 AM PDT by Carry_Okie (Islam offers us choices: convert or kill, submit or die.)
[ Post Reply | Private Reply | To 39 | View Replies ]

To: Cincinatus' Wife

You’re on the government’s red list now.

/sarc


56 posted on 10/14/2012 12:21:21 PM PDT by wastedyears (The First Law of Heavy Metal: Not all metal is satanic.)
[ Post Reply | Private Reply | To 39 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson