Thursday, November 19, 2009

the carbon billionaire

you might think that i am hung up on billionaires after two recent postings on this subject and yet another one now. actually,for the first time,i came across the words carbon billionaire.i was intrigued and wanted to know what it meant. a tag which has been given to al gore, ex vp of usa and one who almost became president. he has taken up the cause of saving the planet.he has been relentlessly pursuing this cause and has travelled extensively all over the world to spread the awareness of climate change and the impact it can have on people and their lives.

he has also invested heavily in green companies. those companies that work for reducing pollution and making the planet greener and a safer place to live in for future generations.the projects these companies have taken up are solar power,biofuels,sustainable fish farming,waterless lavatories.his fortune has already risen from 1.2 million pounds to about 60 million pounds. these companies are all likely to become extremely profitable over time and that would give al gore excellent returns. in anticipation of this windfall al gore is likely to get,the us press is now referring to him as the first carbon billionaire. he very recently hit back at global warming sceptics who are labelling him the first "carbon billionaire" from his earnings as an investor in green technology. he dismissed them as "global-warming deniers". if all the carbon trading mandates go through in the next five years al gor they say would have multiplied his money multifold.

for the last eight years al gore has been a powerful advocate of government policies to limit carbon dioxide emissions. his latest book, 'our choice: a plan to solve the climate crisis' and a sequel to his earlier work, which was also a successful film, entitled 'an inconvenient truth' is being released very soon. his new book which expected to become a new york best seller,emphasises the need for political will if anything is to be effectively done on climate change. he covers a wide range of subjects like forest management,nuclear energy for generating power,geo thermal energy etc. these subjects were discussed and debated by him with likeminded experts which he refers to as "solution summits".

with the approaching copenhagen talks on climate change al gore's stock is likely to rise further.some of his critics ask whether his advocacy for reducing pollution has anything to do with swelling his own coffers. he is also a partner in a venture capital firm which has heavily invested in companies that are developing alternative energy sources and technologies which are energy-efficient.

al gore lobbies powerfully with members of the us congress for passing strict emission laws. sceptics who believe that this whole earth warming is all highly exaggerated, wonder whether he is doing all this for piling up a huge fortune.there is no altruism they say. recently al gore reacted to a critic by saying that if she thought greed was at play she didn't know him.

we need some al gores in india. i would like to see some carbon crorepatis in india who like al gore will push relentlessly the cause of climate change. our country would be a better place to live in.

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