Pearl Jam has put their touring weight behind raising money to eliminate carbon emissions.
The band has announced that nine organizations will share in $100,000 from their 2006 Carbon Portfolio Strategy."We established the Carbon Portfolio Strategy in the hopes of creating new models for businesses like ours looking to invest in the future health of our planet and its delicate ecosphere," said Stone Gossard of Pearl Jam in a statement. "Our Carbon Portfolio Strategy unites the combined efforts of nine diverse groups all approaching the issue of carbon in distinctive and unique ways. We hope that by highlighting and creating a commons for these groups, we can help to advance a broad and synergistic strategy that encourages preservation of existing ecosystems, restoration of degraded environments, and broad stimulus for clean, renewable energy technologies."
Pearl Jam is targeting rainforest preservation and the use of pure bio-diesel as part of the strategy.
“The Carbon Portfolio Strategy builds on these earlier efforts by helping advance clean renewable energy and carbon mitigation. "We are honored to be part of this collaborative effort and would like to express our gratitude for the leadership and passion of all these diverse groups," Gossard said.
Gossard and his wife Liz Webber were behind the 2004 Vote for Change tour and raised $77,000 to fund small-scale energy projects in several US states.
