just procrastinating

Friday, November 12, 2004

Wanna Lose Some Money?
Al Gore is starting a "socially conscious" fund. Via Professor Bainbridge:
"This new approach is designed to serve people who want to integrate sustainable returns with traditional equity analysis," Gore said in a telephone interview with Reuters.

"The carbon intensity of profits is an approach that needs to be adopted," he said, referring to the practice of measuring how much carbon is used in producing energy.

Gore, who ran for president and lost President Bush in 2000, has been a long-standing campaigner on environmental issues such as vehicle emissions.

He intends to get involved in helping drive Generation's investment process, although he added he would not directly choose investments. "I'm not a stock picker," he said.

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