Gore warns on 'subprime carbon' industry

Gore Warns Major Investors at UN Forum That 'Subprime Carbon Assets' Will Prove Costly

JOHN HEILPRIN, AP News
Feb 14, 2008 18:52 EST

Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy — or prepare for huge losses down the road.

"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, many of you are going to find them chock-full of subprime carbon assets," the former vice president said.