Thursday, October 4, 2012

For Investors Only: Al Gore Walks Away; Japanese Buy Green Energy

Al Gore has walked away from "green energy" -- review his portfolio; this is not rocket science --
Gore's company files a quarterly report with the SEC that tells a different story about the 30 stocks in its portfolio. 
His company's public investments in wind, solar, biomass and other alternative energy to combat climate change are practically non-existent. 
But his portfolio is top-heavy in high-tech, medical instruments, and even more pedestrian investments in companies such as Amazon, eBay, Colgate Palmolive, Nielsen, Strayer University, and Qualcomm. 
He is also big in China, with stakes in a big Chinese travel agency, CTrip, and China's largest medical equipment manufacturer, Mindray Medical. 
And if you want a piece of the natural gas pipeline game -- heavily dependent on the environmentally suspect fracking -- you can find that in Gore's portfolio as well with Quanta Services. 
Generation Investment even had a piece of Staples  at one point -- but that was before anyone realized that was Mitt Romney's love child. Not an Apple to be found, despite the fact that Gore sits on its board of directors. But Generation Investment at one time did have a piece of General Electric and Procter & Gamble and that global warming game-changer, PayChex.
On another note, Japanese giant Sumitomo has bought a 25% stake in First Solar.
Sumitomo Corp., of Tokyo, has bought a 25 percent stake in a First Solar Inc. power project being built in Southern California, Bloomberg News reported. Sumitomo acquired the stake in the 550-megawatt Desert Sunlight solar farm from General Electric Co. Desert Sunlight will generate enough energy for more than 165,000 homes.
Disclaimer: this is not an investment site. Do not make any investment decisions based on what you see here. Just for the record, I am an investor in First Solar. It's a long story. Don't get me started.

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