Al Gore Walks Away From Green Energy
Gore's company files a quarterly report with the SEC that lists the 30 stocks in its portfolio. His company's public investments in wind, solar, biomass and other alternative energy
to combat climate change are practically non-existent.
His portfolio is top-heavy in high-tech, medical instruments, and even more pedestrian investments in companies such as Amazon (AMZN), eBay (EBAY), Colgate Palmolive (CL), Nielsen (NLSN), Strayer University (STRA), and Qualcomm (QCOM).
He is also big in China, with stakes in a big Chinese travel agency, CTrip, and China's largest medical equipment manufacturer, Mindray Medical.
And if you want a piece of the natural gas pipeline game -- heavily dependent on the environmentally suspect fracking -- you can find that in Gore's portfolio as well with Quanta Services (PWR).
If Gore is a bit gun-shy on alternative energy, perhaps it is because of its catastrophic brush with First Solar.
According to SEC filings, Gore's company bought 440,000 shares in late 2010 at about $130. By the first quarter of 2012, the value of First Solar -- and just about every other solar manufacturer in America -- had plummeted.
First Solar had disappeared from the portfolio -- selling shares for somewhere between $12 and $25.
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