Five billion appears to be Al Gore's limit.
Bloomberg is reporting that the investment fund co-founded by the former vice president -- Generation Investment Management Ltd. -- hit its hard cap of $5 billion and has started turning away investors.
Continue reading below
Gore founded Generation Investment, which makes investments in companies that follow "socially responsible guidelines," with former Goldman, Sachs & Co. banker David Blood in April 2004. Last year, Generation and Kleiner Perkins Caufield & Byers created an alliance to find and fund green business, technology and policy solutions for climate control. As a result, Gore joined KPCB as a partner, while KPCB partner John Doerr joined Generation's advisory board. Companies in Generation's portfolio include Novo Nordisk A/S, Nestle SA and Johnson Controls Inc. Swiss private bank Lombard Odier Darier Hentsch & Cie. is the fund's largest limited partner.
- George WhiteSee Bloomberg story
Comments
Why should we be surprised? "Morality is the way we want the world to work. Economics is the way it actually does work." There are very few proven facts when it comes to global warming.