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In the Media

article imageAl Gore Purchases Carbon Credits From A Company He Himself Owns

article:251232:65::0
By Pamela Jean
Mar 4, 2008 in Environment
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Al Gore, self appointed expert on global warming has been purchasing carbon credits in an effort to offset his palatial lifestyle. What he didn't tell us, however, is that the company he is buying the credits from is actually owned by him. Ching, ching...
Al Gore tells critics, when criticized for his exhorbinant lifestyle, one that includes mansions, private plane flights and a host of other CO2 producing activities, explains that he is actually living a "carbon neutral" existence. How is this possible you ask? He purchases carbon credits, which are to ensure that CO2 emissions are being reduced elsewhere.
As Wikipedia explains, a carbon offset "is a service that tries to reduce the net carbon emissions of individuals or organizations indirectly, through proxies who reduce their emissions and/or increase their absorption of greenhouse gases."
What he isn't telling you, however, is that he purchases those carbon credits from Generation Investment Management, a company that is actually partially owned and chaired by Gore himself.
Gore has built a "green money-making machine capable of eventually generating billions of dollars for investors, including himself, but he set it up so that the average Joe can't afford to play on Gore's terms," writes blogger Dan Riehl.
Generation Investment Management, a London-based company with offices in Washington, D.C. was established to take financial advantage of new technologies and solutions related to combating "global warming," reports blogger Bill Hobbs.
Generation Investment Management's U.S. branch is headed by a former Gore staffer and fund-raiser, Peter S. Knight, who once was the target of probes by the Federal Election Commission and the Department of Justice.
Hobbs points out Gore stands to make a lot of money from his promotion of the alleged "global warming" threat. A threat which is disputed by many mainstream scientists.
"In other words, he 'buys' his 'carbon offsets' from himself, through a transaction designed to boost his own investments and return a profit to himself," Hobbs writes. "To be blunt, Gore doesn't buy 'carbon offsets' through Generation Investment Management ? he buys stocks."
According to their own documents, GIM intends to invest in, or buy companies poised to cash in on Global Warming concerns
Quite the "convenient" set up, wouldn't you agree? I think it is getting hot in here, but I don't believe it is global warming that is causing my blood to boil.
This just has "scam" written all over it from my vantage point. What do you think? Is this just a coincidence, Gore setting up this company of his in 2004, apparently having no knowledge that soon "global warming" would be the topic du jour? Or is this in fact direct evidence of a preconceived plan perpetrated on a global scale?
The rich get richer, and the poor, well we can always learn to sew. I hear The Gap is hiring - in China.
article:251232:65::0
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