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UNITED NATIONS (AP) -- Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy -- or prepare for huge losses down the road.
''You need to really scrub your investment portfolios, because I guarantee you -- as my longtime good redneck friends in Tennessee say, I guarandamntee you -- that if you really take a fine-tooth comb and go through your portfolios, many of you are going to find them chock-full of subprime carbon assets,'' the former vice president said.
Carbon dioxide from burning fossil fuels is the leading component of ''greenhouse gases,'' which scientists say are playing a key role in warming the globe.
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