Gore Warns on 'Subprime Carbon' Industry

[cal04]

Source: NYTimes

Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy -- or prepare for huge losses down the road.

''You need to really scrub your investment portfolios, because I guarantee you -- as my longtime good redneck friends in Tennessee say, I guarandamntee you -- that if you really take a fine-tooth comb and go through your portfolios, many of you are going to find them chock-full of subprime carbon assets,'' the former vice president said.

Carbon dioxide from burning fossil fuels is the leading component of ''greenhouse gases,'' which scientists say are playing a key role in warming the globe.

Gore's remarks before a high-profile business crowd that collectively controls some $20 trillion in capital were intended to unleash a financial ripple effect that could force the world to start putting a price on carbon emissions.



Read more: http://www.nytimes.com/aponline/world/AP-UN-Climate-Investors.html

[Name removed]

1. Deleted sub-thread

Sub-thread removed by moderator. 
[link:www.democraticunderground.com/forums/rules.html|Click
here] to review the message board rules.

[IndyOp]

2. "I guarandamntee you" - I loves me some Al Gore...

:loveya:

This is exactly what we have to do to change corporate America -- we have to pull the rug right out from underneath their "current way of doing things" -- stop buying cars with combustion engines, stop investing in dirty businesses -- support businesses that are moving us in the right direction.

[blayne]

3. I hope there is a ripple effect.

If Gore can't make it happen, I am about ready to give up. I think we are past the point of return anyhow.

[closeupready]

5. I do, too. The only hope I have is that somehow,

the science is wrong. A one in a million possibility, I know.

[formercia]

4. I'd like to sell you a conversion kit for your Hummer

Harness and accessories for a 20 Mule team. I'm taking orders. Get 'em before they're all gone.

[Tuesday Afternoon]

6. K and R

Al Gore, the best of America for the good of the world :patriot:

[Uncle Joe]

7. Thanks for the thread, cal.

Kicked and recommended.

[Javaman]

8. We are already past the parts per million we stand at 383 parts

and 350 was the danger mark.

And it's still going up.

Hope you enjoy getting a tan.