Al Gore set to become world's first carbon billionaire...

Al Gore, the former US vice president, could become the world's first carbon billionaire after investing heavily in green energy companies.

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. More...

Don't miss:

1. Global warming is a sham...
2. Al Gore's global warming hysteria...
3. Global warming alarmism enriches Gore...
4. Al Gore's global warming nonsense...
5. Poor Al Gore! He gets nothing from global warming!
6. Al Gore's global warming CO2 Scam...