Great pic of President GORE. I hope his happiness is matched by his increasing fortune.

[UTUSN]

*************QUOTE*************

http://www.nypost.com/p/news/local/city_deal_core_for_gore_XAN5WntX6MJPP3vQX6JcNL#ixzz1y9ZQDexC

[font size=5]Gore’s eco-friendly firm lands $16M contract to manage city pension funds[/font]

By CHUCK BENNETT and CARL CAMPANILE

Here’s an inconvenient truth: New York is greening the wallet of Al Gore.

Embattled city Comptroller John Liu has delivered a $16.56 million contract to the former vice president’s environmentally friendly investment firm, Generation Investment Management, to help manage hundreds of millions of dollars in city pension funds, The Post has learned.

The Comptroller’s Office had previously awarded Gore’s firm $12.8 million in pension-fund business under Liu’s predecessor, Bill Thompson.

Since 2009, state Comptroller Tom DiNapoli has approved $6 million in contracts to the firm, co-founded and chaired by Gore. Generation now manages nearly a half-billion dollars of state pension-fund investments, records show. ....

*************UNQUOTE*************

[Fawke Em]

1. I'd rather invest in that than Big Oil or Big Coal

[patrice]

2. Are you assuming all wealth is evil? Could he use the gains to help Earth? Context matters. nt

[UTUSN]

4. I said what I meant. I wish him maximum happiness. Thanks for asking. n/t

[Romulox]

7. Up to now, he has used his wealth to engage in conspicuous consumption while pointing the finger at

we plebes.

[Baitball Blogger]

3. Is that a current photo?

He looks good.

[Tarheel_Dem]

5. He looks really good.

[Uncle Joe]

6. Good for Gore, good for the pension funds, good for the environment and good for the economy.

Gore, who won a Nobel Peace Prize in 2007 for his campaign to tackle global warming, is a leading proponent of “sustainable capitalism.” He focuses on the long-term value of companies that address risks like climate change and slams the market’s obsession with short-term profits.

In a white paper released in February, Gore and his business partner, David Blood, a former Goldman Sachs executive, recommended companies and investors scrap the use of quarterly reports as benchmarks and provide financial rewards to longer-term investors. He also said long-term climate-change and pollution costs should be assigned to the values of oil, gas and coal companies.

(snip)

Liu spokeswoman Stephanie Hoo said Generation investments have earned a 22 percent return for the city. The firm has delivered a 32.7 percent return on its state pension-fund investments since its hiring in 2009, records show.


Read more: http://www.nypost.com/p/news/local/city_deal_core_for_gore_XAN5WntX6MJPP3vQX6JcNL#ixzz1yAE8KzEo

Thanks for the thread, UTUSN.