Betting on the environment
Nov 12th, 2007 by dabloguiman
Al Gore joined his old friend John Doerr at Kleiner Perkins, Silicon Valley’s preeminent venture firm, as the firm moves beyond information technology and health-care investing into the fast-growing and increasingly competitive arena of “clean technology.”
Doerr, whose greatest hits include initial investments in Netscape, Amazon, and Google, will join the advisory board of Generation Investment Management, the $1 billion investment company Gore started three years ago in London.
The goals of the new venture:
“nothing less will be required than a makeover of the $6 trillion global energy business. Coal plants, gas stations, the internal-combustion engine, petrochemicals, plastic bags, even bottled water will have to give way to clean, green, sustainable technologies. “What we are going to have to put in place is a combination of the Manhattan Project, the Apollo project, and the Marshall Plan, and scale it globally.”
Gore adds, “It’d be promising too much to say we can do it on our own, but we intend to do our part.”
I wish them good luck since nothing less will be required to clean the current environmental mess.
Technorati Tags: climate change, energy, environment, global warming, venture capital
