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Gore getting rich off global warming

Al Gore stands to profit from global warming and taxpayer dollars:

Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.
[…]
“Do you think there is something wrong with being active in business in this country?” Mr. Gore said. “I am proud of it. I am proud of it.”

There is nothing wrong with being active in business and engaging in market competition without government influence or taxpayer dollars. What Al Gore is doing is called rent-seeking and corporatism. He isn’t earning his money fairly because he stands to benefit from climate change legislation and government grants.

Of course, Gore doesn’t believe in a free market, so he sees nothing wrong with getting rich off taxpayers.

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