Penny wise, pound foolish? In a breathtaking leap of faith, the Church of England has decided to gamble £150 million on global warming alarmist Al Gore’s sketchy investment firm, Generation Investment Management (GIM).
What makes the investment so risky is that GIM stands to make a killing only if the U.S. government cracks down on carbon dioxide emissions.
We previously examined Al Gore’s adventures in climate change finance in the August 2008 edition of Foundation Watch and before that in the August 2007 edition of Foundation Watch.
(Hat tip to Noel Sheppard of NewsBusters)