Al Gore: Carbon Bubble is going to burst

Dubh Geannain

It’s no surprise that former Vice President Al Gore isn’t a fan of big oil. Gore received the 2007 Nobel Peace Prize for "informing the world of the dangers posed by climate change" and currently is chairman of The Climate Reality Project, a non-profit devoted to solving the climate crisis.
But Gore is also an investor – he’s co-founder and chairman of Generation Investment Management and a senior partner at Kleiner Perkins – and believes fossil fuels are almost as bad for your portfolio as they are for the planet.
“We have a carbon bubble,” Gore tells me in the accompanying video. “Bubbles by definition involve a lot of asset owners and investors who don’t see what in retrospect becomes blindingly obvious. And this carbon bubble is going to burst.”

Video here:
http://finance.yahoo.com/blogs/daily-ticker/al-gore-carbon-bubble-going-burst-avoid-oil-121707563.html

Not for a while yet I hope :pac:

Atlantic Dawn

Interesting but at the moment there's is no viable, affordable alternative to oil, that coupled with growing demand from developing countries means no immediate downturn in the demand for oil.

Pennystockwhiz

In the same interview Al Gore mentioned the name of a small cap company and the stock rose by over 100x within hours.. here's the link - http://finance.yahoo.com/video/al-gore-makes-smart-investments-160044034.html