(link to) ‘THE GREEN CIRCLE THAT EATS ITS OWN’ —Jim Stiles

EXCERPT:

But can it really work this way? Can the wealthiest among us, who are surely the most consumptive and extravagant as well,  lead the planet to sustainablity, a reduction of our fossil fuel use and a simpler and less polluted world? Can the rich save the planet for us? Or are there contradictions in this kind of marketing strategy?  Some would call this hypocrisy, but can hypocrisy work to the earth’s advantage in the 21st Century? Recently I stumbled upon a series of seemingly unrelated facts that led me in a very slippery green circle. Look where I started and look where I ended up…

I begin with…who else..my favorite leveraged buyout king, environmentalist David Bonderman. Mr. Bonderman sits on the boards of directors of the Grand Canyon Trust, the Wilderness Society and the World Wildlife Fund and is a “major financier” of the Southern Utah Wilderness Alliance and other green groups. He is also one of the most successful venture capitalists in America. He is a founding partner of TPG Capital and its Asian affiliate, Newbridge Capital. TPG “is a leading global private investment firm with $51.5 billion of capital under management.”

Within its vast portfolio, TPG has invested heavily in the energy sector. Previous commitments by the firm in the energy sector include Alinta Energy, Amyris, Beta Renewables, Belden & Blake Corporation, China Renewable Energy, Copano Energy, Delta Dunia, Denbury Resources, Elevance Renewable Sciences, Energy Future Holdings (formerly TXU Corp.), Greenko, Maverick American Natural Gas, MI Energy, Northern Tier Energy, Texas Genco and Valerus Compression Services. (2)

TO READ THE ENTIRE STORY, CLICK THE IMAGE: