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Gore to join private equity firm | Gore to join private equity firm |
(about 10 hours later) | |
Al Gore is to become a partner of a US private equity firm with a history of supporting "green technology". | Al Gore is to become a partner of a US private equity firm with a history of supporting "green technology". |
The ex vice-president and environmental activist is to join the board of Kleiner, Perkins, Caulfield and Byers. | The ex vice-president and environmental activist is to join the board of Kleiner, Perkins, Caulfield and Byers. |
He will lead investments in alternative energy sources and firms involved in areas such as recycling, alternative fuel and water purification. | He will lead investments in alternative energy sources and firms involved in areas such as recycling, alternative fuel and water purification. |
Mr Gore was awarded the Nobel Peace Prize last month for his work as a climate change campaigner. | Mr Gore was awarded the Nobel Peace Prize last month for his work as a climate change campaigner. |
Technological solutions | Technological solutions |
And Mr Gore's documentary An Inconvenient Truth, which warned of the imminent and catastrophic danger to the planet of global warming, won an Oscar. | |
Mr Gore is already heavily involved in supporting energy technology solutions through his investment fund Generation Investment Management (GIM). | Mr Gore is already heavily involved in supporting energy technology solutions through his investment fund Generation Investment Management (GIM). |
We are resolved to help business and government leaders accelerate the development of sustainable solutions Al Gore | We are resolved to help business and government leaders accelerate the development of sustainable solutions Al Gore |
GIM is forming an alliance with Kleiner to discover and fund businesses with the "greatest potential" to tackle the threat of climate change, the two firms said. | GIM is forming an alliance with Kleiner to discover and fund businesses with the "greatest potential" to tackle the threat of climate change, the two firms said. |
In his new role, Mr Gore will concentrate on supporting businesses focused on reducing carbon dioxide emissions. | In his new role, Mr Gore will concentrate on supporting businesses focused on reducing carbon dioxide emissions. |
"We have a working understanding of this urgent, multi-dimensional challenge and are resolved to help business and government leaders accelerate the development of sustainable solutions," Mr Gore said. | "We have a working understanding of this urgent, multi-dimensional challenge and are resolved to help business and government leaders accelerate the development of sustainable solutions," Mr Gore said. |
Kleiner, which was set up in 1972, plans to devote about a third of its funding towards clean technology by 2009. | Kleiner, which was set up in 1972, plans to devote about a third of its funding towards clean technology by 2009. |
Mr Gore has been close to John Doerr, one of the leading figures at Kleiner, for many years. | Mr Gore has been close to John Doerr, one of the leading figures at Kleiner, for many years. |
Mr Doerr made his reputation by investing in some of the US' most successful tech companies including Amazon and Google. | Mr Doerr made his reputation by investing in some of the US' most successful tech companies including Amazon and Google. |
Mr Gore is to donate his salary from Kleiner to the environmental foundation, the Alliance of Climate Protection, which he chairs. | Mr Gore is to donate his salary from Kleiner to the environmental foundation, the Alliance of Climate Protection, which he chairs. |
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