THE HILL
 
comment
Print

More from Al Gore: Climate bill failure costs the U.S. billions of dollars

By Ben Geman - 08/19/10 11:17 AM ET

Al Gore, who days ago called for mass demonstrations on climate change, is also arguing that the failure of Congress to pass a global warming bill is “already costing our nation billions of dollars.”

The former vice president, in a blog post on his website Wednesday, highlights a recent Reuters story about investment in green energy.

“Alternative energy investment prospects have shriveled in the United States after the U.S. Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said,” the Aug. 11 Reuters story notes.

Kevin Parker, who heads the bank's Deutsche Asset Management Division, told Reuters that “You just throw your hands up and say ... we're going to take our money elsewhere.”

“Amid so much political uncertainty in the United States, Parker said Deutsche Bank will focus its ‘green’ investment dollars more and more on opportunities in China and Western Europe, where it sees governments providing a more positive environment,” the story notes.


Source:
http://thehill.com/blogs/e2-wire/e2-wire/114989-more-from-gore-climate-bill-failure-costs-the-us-billions-of-dollars

More Videos »

E2-Wire Twitter - Click to follow
More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.