Heres an inconvenient truth: New York is greening the wallet of Al Gore. <\/p>\n
Embattled city Comptroller John Liu has delivered a $16.56 million contract to the former vice presidents environmentally friendly investment firm, Generation Investment Management, to help manage hundreds of millions of dollars in city pension funds, The Post has learned. <\/p>\n
The Comptrollers Office had previously awarded Gores firm $12.8 million in pension-fund business under Lius predecessor, Bill Thompson. <\/p>\n
Since 2009, state Comptroller Tom DiNapoli has approved $6 million in contracts to the firm, co-founded and chaired by Gore. Generation now manages nearly a half-billion dollars of state pension-fund investments, records show. <\/p>\n
AP <\/p>\n
GETTING GREEN: A financial firm chaired by Al Gore, here in his film, An Inconvenient Truth, has been tapped to manage city pension funds. <\/p>\n
JOHN LIU Grants contract. <\/p>\n
In total, thats more than $35 million in greenbacks to Gores firm. <\/p>\n
Lius office proposes investment-management contracts to the board of trustees of the citys five major pension funds. Generation is an investment manager for two of them: the New York City Employees Retirement System (NYCERS) and the Police Pension Fund. <\/p>\n
But the Gore connection has been a closely held secret. <\/p>\n<\/p>\n
See the article here:<\/p>\n
Gore\u2019s eco-friendly firm lands $16M contract to manage city pension funds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Heres an inconvenient truth: New York is greening the wallet of Al Gore. Continue reading