socialmedian: Al Gore's green investments prompt conflict of interest row

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Al Gore's green investments prompt conflict of interest row

Source: www.guardian.co.uk

Nov 03, 2009

Summary

One company in which Al Gore invested has contracts with utilities that received a combined subsidy of $560m (£340m) from the US energy department

The launch of Al Gore's new book this week has prompted questions about whether the former US vice-president's investments in green technology amount to a conflict of interest.

Gore's latest call to action over climate change, Our Choice: a Plan to Solve the Climate Crisis, has prompted a debate about his involvement in firms investing in the new green economy that he promotes.

The New York Times points out that one company in which Gore invested, Silver Spring Networks, has contracts with utilities that last week received a combined subsidy of $560m (£340m) from the US energy department. The payments, part of a total $3.4bn handed out by the federal government to encourage the distribution of environmentally-friendly power, are likely to be handsomely recouped by Gore and his associates.

The accusation that Gore is trapped in a conflict of interest has been raised periodically over the past few years. It is a barb pop

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