Gore Warns of Future Losses if Carbon-Intensive Businesses Continue

Former Vice President Al Gore has advised leaders of Wall Street and institutional investors this week to do away with business that heavily relies on carbon energy, warning of the possibility of huge losses in the future, according to the Associated Press.

Carbon dioxide from burning fossil fuels is the leading component of greenhouse gasses, according to AP, which scientists have said are playing a large role in global warming. Gore’s comments were made with the intent to unleash a financial ripple effect that could force the world to put a price on carbon emissions at some point.

“You need to really scrub your investment portfolios, because I guarantee you – as my longtime good redneck friends in Tennessee say, I guarandamntee you – that if you really take a fine-tooth comb and go through your portfolios, man of you are going to find them chock-full of subprime carbon assets,” Gore said before a high-profile business crowd Thursday, according to AP.