Tuesday, November 3, 2009
ultimate con man: how Al Gore is set to become the first “carbon billionaire”
Gore’s Dual Role in Spotlight: Advocate and Investor
By JOHN M. BRODER | Published: November 2, 2009
WASHINGTON — Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses.