Skip to comments.Gore's 'Carbon Offsets' Paid to Firm He Owns(Well now, isn't that special.)
Posted on 03/03/2007 6:52:00 AM PST by kellynla
Al Gore defends his extraordinary personal energy usage by telling critics he maintains a "carbon neutral" lifestyle by buying "carbon offsets," but the company that receives his payments turns out to be partly owned and chaired by the former vice president 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.
Gore has described the lifestyle he and his wife Tipper live as "carbon neutral," meaning he tries to offset any energy usage, including plane flights and car trips, by "purchasing verifiable reductions in CO2 elsewhere."
But it turns out he pays for his extra-large carbon footprint through Generation Investment Management, a London-based company with offices in Washington, D.C., for which he serves as chairman. The company was established to take financial advantage of new technologies and solutions related to combating "global warming," reports blogger Bill Hobbs.
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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, 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."
As WND reported, Gore, whose film warning of a coming cataclysm due to man-made "global warming" won two Oscars, has a mansion in the posh Belle Meade area of Nashville that consumes more electricity every month than the average American household uses in an entire year, according to the Tennessee Center for Policy Research, citing data from the Nashville Electric Service.
The think tanks says since the release of Gore's film, the former presidential candidate's energy consumption has increased from an average of 16,200 kilowatt-hours per month in 2005, to 18,400 per month in 2006.
I read about this in the WSJ. I think Gore set up his company that sells carbon offsets to raise political $ from Hollywood. What a farce.
So he's paying the bogus credits to himself. This story gets more delicious as time goes by.
"You can fool all of the people some of the time...some of the people all of the time" ....and then there's the internet.....
This POS must have taken lessons from the Clintoons on how to screw the world and get them to look the other way.
I think I'll sell carbon offsets. I can guarantee, when you buy my offset, there will be no more carbon in the world when you die than when you were born. And, for a small premium, I can guarantee no more carbon in the Universe when you die.
Between his plucked eyebrows, mental instability (now we know why Tipper was so interested in mental health issues), his shiny face and bogus movie, he's one of the creepiest people who ever came close to occupying the WH.
Run, Al, Run!!
Hypocrite, thy name is liberal.
This is just TOO rich!!
Ooooooh, I like that. I may steal it. :^)
The Algore house vs. W's Texas home is the ultimate squelch.
Are you referring to the article describing W's green, earth-friendly ranch? If so, do you have the link to that?
Eagle Bridge, NY March 1, 2007 On Sunday, February 25, failed presidential candidate Al Gores documentary about global warming, An Inconvenient Truth, won an Oscar for best documentary. According to the NY Daily News, fewer than 300 people were eligible to vote in the documentary category for the award. In his movie, Gore claims that production of carbon-dioxide from human energy use will cause devastating changes to the Earths atmosphere within 10 years.
IMHO this guy Gore is in need of some serious psychiatric help.