Former Vice President Al Gore has advised leaders of WallStreet and institutional investors this week to do away with business thatheavily relies on carbon energy, warning of the possibility of huge losses inthe future, according to the Associated Press.
Carbon dioxide from burning fossil fuels is the leading componentof greenhouse gasses, according to AP, which scientists have said are playing alarge role in global warming. Gore’s comments were made with the intent tounleash a financial ripple effect that could force the world to put a price oncarbon 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 throughyour portfolios, man of you are going to find them chock-full of subprimecarbon assets,” Gore said before a high-profile business crowd Thursday,according to AP.