ESG & Investing
Al Gore Venture Gets Investment From Calstrs, Microsoft
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A venture started by Al Gore’s Generation Investment Management has raised $175 million to invest in businesses that enable the restoration of land degraded by agriculture and deforestation.
The money will support the natural climate solutions strategy of Generation’s Just Climate, with Microsoft Corp.’s Climate Innovation Fund and the California State Teachers’ Retirement System joining as anchor investors, according to a statement on Tuesday. As a result, the investment manager now oversees $1.8 billion of assets, a total that also includes a fund targeting decarbonization of heavy industry.