Gore Invests In Carbon Credit Company, Will Media Care?

For years, NewsBusters has contended that Nobel Laureate Al Gore is spreading global warming hysteria to benefit his own wallet.

On Wednesday, despite claims by one of Gore's representatives two months ago, it was revealed that his Generation Investment Management private equity fund has taken a 9.5 percent stake in a company that has one of the largest carbon credit portfolios in the world.

Generation Investment Management, the private equity fund chaired by former U.S. vice president Al Gore, has acquired a 9.5 percent stake in Camco International Ltd, a carbon asset developer.

Generation, set up in 2004 by Gore and David Blood, former chief of Goldman Sachs's asset management arm, now holds 16 million Camco shares, Camco said in a statement.

Camco, which has one of the world's largest carbon credit portfolios, works with companies to identify and develop projects that reduce greenhouse gas emissions and then arranges the sale and delivery of carbon credits.