Skip to comments.Al Gore invests millions to make billions in cap-and-trade software
Posted on 06/03/2009 8:24:31 AM PDT by Oldeconomybuyer
Al Gores venture capital firm has invested $6 million in a software company that stands to make billions of dollars from cap-and-trade regulation further fueling controversy that Gore lied about his profiteering from cap-and-trade to Rep. Marsha Blackburn (R-TN) and the House Energy and Environment Subcommittee during testimony in April.
Hara Software sells software to help track greenhouse gas emissions. The market for such software is now about $2.5 billion dollars in size, and is expected to grow by a factor of ten to $25 billion if cap-and-trade legislation is enacted, according to Hara CEO Amit Chatterjee.
Kleiner Perkins, a venture capital firm in which Al Gore is a partner, invested in Hara just last year. Chatterjee told Reuters that,
This company would not have existed if Al Gore had not bought off on the idea.
Operating as a stealth tax, cap-and-trade will make the vast majority of Americans poorer and less free but Al Gore, Kleiner Perkins, Amit Chatterjee and Hara will be laughing all the way to the bank.
(Excerpt) Read more at canadafreepress.com ...
You could tell he thinks the whole idea is BS but is scared of what the Baraqqis could do to these companies if they dont play along.
Great idea. Perhaps if we all try to do this in the comment section everytime we see a globul warming/cap and trade article up on the net. I will do my part.
I hope the Senate caps Gore’s investment and leaves him losing his money hand over fist.
Algore and his minions are always denigrating the testimony of anyone who questions their global warming nonsense as being illegitimate, because “they’re probably in the pay of the oil companies”. Well why should we consider ANYTHING Algore says on the subject, because he has a CLEAR conflict of interest in the matter. If he can convince governments that global warming is real, they’ll put in place policies that will have a direct positive financial impact for him.
You're right - there is a ring of truth to it.