Gore Pocketed ~$18 Million from Now-Defunct Chicago Climate Exchange

http://hockeyschtick.blogspot.com/2010/11/gore-pocketed-18-million-from-now.html

Gore Pocketed ~$18 Million from Now-Defunct Chicago Climate Exchange
Although the Chicago Climate Exchange (CCX) collapsed and shut down this week, Al Gore's Generation Investment Management LLP pocketed approximately $17.8 million on it's 2.98% share of the exchange when it was sold to the publicly traded Intercontinental Exchange a mere 6 months ago. According to news reports, the brainchild of the exchange, academic Richard Sandor, founded the exchange with a foundation gift of $1.1 million, and pocketed $98.5 million for his 16.5% share of the CCX. This would place the value of Gore's firm's stake at almost $18 million. Note Gore is the founder, chairman, and largest shareholder in Generation Investment Management LLP. Barack Obama was on the Joyce Foundation Board when it provided the funding to establish the CCX. Maurice Strong, founding head of the United Nations Environmental Program (UNEP), precursor to the IPCC, was a CCX board member
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