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Al Gore’s eco-friendly investment firm owns stake in polluting company: report

A “green” investment firm co-founded and run by former Vice President Al Gore, 74, has invested $26 billion in nearly 20 companies found to be increasing their greenhouse gas emissions in recent years. I own a portfolio of more than , according to the report.

Gore, whose Oscar-winning film An Inconvenient Truth has cemented himself as the most prominent apocalyptic climate change apocalypse, is promoting London to “highlight sustainable investment options.” He is the chairman of the based Generation Investment Management.

but the recent Analysis by Bloomberg News found The Generation Global Equity Fund has a total of 42 participating companies, including 18 companies that will emit more and more greenhouse gases each year from 2015 to 2021.

Bloomberg holds $40.4 billion worth of assets as one of the largest companies with the largest share of greenhouse gas emitters compared to other so-called ESG (Environmental, Social and Governance)-prioritized funds. We ranked the generations to operate. — investment.

ESG efforts have become a political topic. A Republican politician has accused companies such as BlackRock, the world’s largest asset manager, of promoting his ESG.

Former Vice President Al Gore’s “green” investment firm owns stakes in companies that have recently increased their carbon footprint, according to a Bloomberg News analysis.

In October, several Republican state treasurers Withdrew a total of $1 billion from BlackRock accounts In protest against ESG commitments.

Texas Governor Greg Abbott Prohibition of state investment in enterprises It avoided oil and gas companies. Another Republican leader, Florida Governor Ron DeSantis, We took similar measures.

The Post has reached out to Generation for comment.

On its website, Generation describes itself as a “mission-driven company.”

“We seek change to advance a net-zero, prosperous, equitable, healthy and safe society,” the company says on its site.

Generation, which employs about 110 people, looks at factors such as the size of a company’s carbon footprint and board diversity, including female representation, when deciding which companies to invest in.

Generation’s Global Equity fund includes blue-chip companies such as Adidas, Microsoft, Amazon, Carlisle and Charles Schwab.

According to Bloomberg News, Microsoft is one of the companies whose greenhouse gas emissions are increasing.

Al Gore founded London-based Generation Investment Management four years after narrowly losing the presidency to George W. Bush.
Al Gore founded London-based Generation Investment Management four years after narrowly losing the presidency to George W. Bush.

Medical device maker Becton Dickinson, listed in Generation’s global equity fund, saw its carbon footprint increase by more than 20% between 2015 and 2021, according to a Bloomberg analysis.

Amazon, the e-commerce giant, is the biggest culprit of climate change. The Seattle-based giant just started releasing data on how much greenhouse gas it emitted in 2019.

In 2021, as Amazon’s profits soared during the pandemic, so did the tonnage of greenhouse gases the company released into the atmosphere. According to the company’s own sustainability report,That year, Amazon’s carbon footprint increased by a fifth.

Generation recently released an investment priority shit. The company sold part of its stake in Chinese e-commerce giant Alibaba and acquired an additional 2.2 million shares in US chip maker Texas Instruments, according to SEC filings.

Generation also sold more than 774,000 Alibaba shares in the fourth quarter of last year. According to filings cited by Barrons.

The company more than quintupled its investment in Texas Instruments, SEC filing showGeneration currently owns a total of 2.7 million shares in US-based semiconductor manufacturers.

Gore company also appears to be moving away from Asia Because of geopolitical tensions along the Taiwan Strait.

Generation has sold its stake in Taiwan Semiconductor Manufacturing, the world’s largest contact chip manufacturer.

By the end of the third quarter, Generation owned over 326,000 shares of TSM. However, the company sold them by the end of the fourth quarter, according to SEC filings. Al Gore’s eco-friendly investment firm owns stake in polluting company: report

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