A carbon credit trading economy will make Gore billions.
Al Gore is chief lobbyist for U.S. institutions and investors who are already buying up carbon units overseas at depressed prices. Once the U.S. joins the new treaty those carbon credits will go way up in value. They can be sold to U.S. utilities and manufacturers. California and nine other states are formulating a carbon trading system.
US INVESTORS WILLING TO TRY CARBON EMISSIONS TRADING
11 Dec 2007
US investors believe carbon emissions trading is the best way of obtaining exposure to the climate change theme, despite the country not establishing a federal program on the issue.
More than a third, 40%, of the 150 participants at UK bank Barclays Capital’s US commodities investor conference in New York last week said carbon trading would be their preferred way into the environmental markets.
http://www.financialnews-us.com/?page=ushome&contentid=2349366287