Al Gore’s $36 Billion Fund Sees New Urgency to Cut Off Oil Money
Fossil-fuel stocks have long been off limits at Generation Investment, with co-founder David Blood saying `we have probably five years.’
Five years. That’s roughly how much time the investment universe has left to stop feeding capital to greenhouse-gas emitters before it’s too late, according to the co-founder of Generation Investment Management LLP.
David Blood, a long-time top executive at Goldman Sachs Group Inc.’s asset-management unit before starting an investment fund with former U.S. Vice President Al Gore more than 15 years ago, says that efforts over the past two decades to fight climate change are “not going to be enough.”