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November 04, 2007
Gores Investment Holdings
Reveal his paper thin commitment to "saving the planet."
Posted by Tina Grazier
"Despite its widely publicized rhetoric, the Gore firm's stock portfolio looks to be that of an ordinary diversified mutual fund," said JunkScience.com publisher Steve Milloy. "If this is 'sustainable' investing, then it is a meaningless term," Milloy said. *** GIM, of which Al Gore is the chairman and founding partner, filed its Form 13F-Holdings report with the U.S. Securities and Exchange Commission on October 23, 2007. *** According to the report, GIM has $438 million invested in the following 22 companies: AFLAC, Amdocs, Autodesk, Becton Dickinson, Blackbaud, Donaldson Company, General Electric, Greenhill & Co., HDFC Bank, Johnson Controls, Laboratory Corporation of America, Metabolix, Millipore, Mueller Water Products, Northern Trust, Procter & Gamble, SPDR Trust, Staples, Techne Corp., UBS, Varian Medical Systems and Waters Corp. *** Al Gore says on the GIM web site that, "Integrating issues such as climate change into investment analysis is simply common sense." *** But with the exception of General Electric ─ which actively lobbies for global warming regulation while its stock significantly underperforms the broad stock market ─ GIM's portfolio doesn't seem to have anything to do with climate change. Notably absent from GIM's portfolio are energy and utility companies ─ even those that claim they will benefit from global warming regulation.
Our thanks to JunkScience.com for this information. Visit the website regularly for stories and information debunking the PC science view. You'll also find a link to Anthony's blog, "What's Up With That"...good going Anthony!
GIM's form 13F-Holdings Report may be viewed in pdf format:
http://www.junkscience.com/oct07/GIM_Holdings_102307.pdf.
Posted by Post Scripts at November 4, 2007 03:38 PM