This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Al Gore Walks Away From Green Energy

NEW YORK ( TheStreet) -- When Al Gore talks, people listen. Just ask the folks who hand out Academy Awards and Nobel Peace Prizes.

Al Gore also talks to investors. Since 2007, the former Vice President in Bill Clinton's administration has been preaching the benefits of putting your money where his mouth is: Alternative energy.

But if Al Gore has any message for investors today, it might very well be this: "Stay the hell away from alternative energy!"

Not that he would say so. At least out loud.

Reading through the promotional materials he puts out through his company, Generation Investment, it is hard to tell whether his "Client Update" is selling investments in his Climate Solutions Fund or memberships in the Sierra Club.

"Scientific fundamentals continue to point to a need for urgent action on climate," Gore says. Just like his Oscar-winning movie, "An Inconvenient Truth," it has lots of cool charts and graphics.
Climate policy is still firmly on the political agenda and corporate climate-related activity is increasingly strategic. Innovation is driving costs down and improving the business case for low carbon and high efficiency solutions.

This goes on for 20 pages. But even Gore does not seem to be listening anymore.

Gore's company files a quarterly report with the SEC that tells a different story about the 30 stocks in its portfolio. His company's public investments in wind, solar, biomass and other alternative energy to combat climate change are practically non-existent.

But his portfolio is top-heavy in high-tech, medical instruments, and even more pedestrian investments in companies such as Amazon (AMZN), eBay (EBAY), Colgate Palmolive (CL), Nielsen (NLSN), Strayer University (STRA), and Qualcomm (QCOM).

He is also big in China, with stakes in a big Chinese travel agency, CTrip, and China's largest medical equipment manufacturer, Mindray Medical.

And if you want a piece of the natural gas pipeline game -- heavily dependent on the environmentally suspect fracking -- you can find that in Gore's portfolio as well with Quanta Services (PWR).

Generation Investment even had a piece of Staples (SPLS) at one point -- but that was before anyone realized that was Mitt Romney's love child.

Not an Apple (AAPL) to be found, despite the fact that Gore sits on its board of directors. But Generation Investment at one time did have a piece of General Electric (GE) and Procter & Gamble (PG) and that global warming game-changer, PayChex (PAYX).
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FSLR $47.84 0.08%
AAPL $112.76 -0.47%
FB $89.43 -1.74%
GOOG $618.25 -1.92%
TSLA $249.06 0.23%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs