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Topic : Global Warming and carbon credit
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By : Padmaja Baskar, Product Development Manager, ONGC
Industry : Power Functional Area : Innovation
Activity:  0 comments  263 views  last activity : 07 06 2010 20:18:04 +0000
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Former US vice president Al Gore, who has campaigned relentlessly on green issues, is on track to become the world's first "carbon billionaire" amid claims of profiting from the climate change agenda.

It's been very long since he has abandoned mainstream politics following his defeat in the 2000 presidential polls against George W Bush, Gore's personal fortune has risen from 1.2 million pounds to an estimated 60 million pounds, according to a report in a News paper.

http://www.businessweek.com/the_thread/brandnewday/archives/Al_Gore_i_An_Inconv_100607o.jpg

It is claimed that the Nobel peace laureate is on course to become the world's first "carbon billionaire" after significant investments in environment friendly projects like carbon trading markets, solar power, biofuels, electric vehicles, sustainable fish farming and waterless lavatories.

Global warming sceptics are not convinced about his "altruistic" climate change agenda. "Al Gore wants to become the first carbon billionaire and he is poised to do it.


The money which Al gore has made of somewhere around 60 million dollars, in future it will be huge in five years down the line if all these new carbon trading mandates go through all across the world.

 
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