CHARGES OF GREEN HYPOCRISY IN THE INVESTMENT COMMUNITY:
“Weâ€™ve made 14 investments in cleantech and greentech,â€ he said. â€œWeâ€™re extremely committed to that investment thesis.â€
But others arenâ€™t so sure.
Daniel Kammen, professor in the energy and resources group at the University of California at Berkeley, said such investments by Kleiner and other firms that portray themselves as green-friendly are inconsistent with their marketing message.
â€œTheyâ€™re being hypocritical,â€ he said of the firms. The former vice president Al Gore, the billionaire Richard Branson and other figures with ties to Silicon Valleyâ€™s green movement â€œshould hold these companies to a higher standard.â€
I don’t see anything wrong with investing in both clean/green technologies and in fossil fuel development — we’re going to be needing fossil fuels for quite a while, even if somebody invents the “Mr. Fusion” tomorrow.
But this illustrates a problem with the environmental movement — when you push your ideas not as a pragmatic, technocratic approach, but instead sell it as a messianic moralistic quasi-religious one, then things like this do look hypocritical.