Getting Rich from Green Energy?


Bah humbug. Thanks to his alternative-energy investments, major Democratic Party donor David Gelbaum is cutting his donations to Sierra Club and other groups. Though Gelbaum gave $47.7 million to Sierra Club from 2005 to 2009, his bad alternative-energy bets have left him in a “highly illiquid position.” According to today’s WSJ, “Mr. Gelbaum, a major donor to the Democratic Party, didn’t identify the clean-energy investments, but Quercus Trust, the fund that Mr. Gelbaum runs, was down almost 57% over the 18 months to late November, according to PlacementTracker.”

I guess he followed the same hot investment tip that T. Boone Pickens did.


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