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Church of England Gives Money to Gore's Investment Firm
Newsbusters ^

Posted on 12/30/2008 8:38:52 AM PST by Sub-Driver

Church of England Gives Money to Gore's Investment Firm By Noel Sheppard Created 2008-12-30 11:24

Did you need any more proof that climate alarmism is indeed an environmental religion?

The Church of England has invested 150 million pounds with Generation Investment Management, the green fund started by Nobel Laureate Al Gore.

Can I get a "Hallelujah" ladies and gentlemen?

As reported [1] by Religious Intelligence News Tuesday:

The Church of England's Church Commissioners have gone green, investing £150 million with former US Vice-President Al Gore's environmentally minded investment firm, Generation Investment Management.

On Nov 18 the First Church Estates Commissioner, Andreas Whittam Smith reported that in late September the Commissioners had placed the funds with Gore's boutique management firm which follows an "environmentally sustainable global equities mandate." Funding for the investment came from "cash and Treasury bills", he said, and not from the sale of UK equities as initially planned.

The Church's commissioners should have gone to a higher authority than Gore to discuss the timing of moving so much money out of cash and T-bills given what happened to the market in late September:

We can only hope for the Church's sake that Gore knows more about investing than he does climatology.

TOPICS: Culture/Society; News/Current Events; United Kingdom
KEYWORDS: algore; coe; greens; religiousleft
give me a break.......
1 posted on 12/30/2008 8:38:53 AM PST by Sub-Driver
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To: Sub-Driver

A fool and your money are soon partying...........

2 posted on 12/30/2008 8:40:12 AM PST by Red Badger (I was sad because I had no shoes to throw, until I met a reporter who had no feet.....)
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To: Sub-Driver
Green Finance is Changing Wall Street
Posted on November 13, 2008
Filed Under Eco-Economics |

When I set out to tackle the global warming threat, I knew that we could not meet the challenges we face without the support of the global finance system.

In setting up Generation Investment Management LLP, my goal was simple: provide a blueprint for greener finance.

Carbonized debt obligations (CDOs). If we’re going to find enough money to save our planet, we need to provide sophisticated investors with a means to invest their green in green more efficiently.

As evidenced by the success of mortgage-backed securities, packaging assets into “portfolios” is an ideal method for creating significant demand for assets that are otherwise individually worthless.

Carbonized debt obligations are portfolios of green assets. These assets can include bonds issued for green infrastructure projects, business loans issued to cleantech companies and carbon credits.

With the ability to invest large amounts of money into eco-friendly derivative instruments without having to worry about the individual components of those instruments, investors will flock to green investing.

Carbon default swaps (CDS). What happens if our efforts to save the planet fail? If we’re only generating 98.1% of our electricity from renewable energy by 2018, we’re almost certainly doomed as a civilization.

That’s where carbon default swaps come in. Think of them as insurance policies for ecological collapse.

Buyers of carbon default swaps pay sellers of carbon default swaps regular premiums. In exchange, if the planet defaults on us, the sellers of those swaps will make payouts to the buyers. These payouts will be made the day after tomorrow.

Carbon default swaps will be especially useful for investors in green technologies who want to hedge against the possibility that all of the money they’ve invested will go to waste if environmental catastrophe strikes.

The Good News

Fortunately, Wall Street doesn’t need any government encouragement to create such instruments; it’s already our ally.

Earlier this week, Goldman Sachs purchased a majority of the carbon credits portfolio owned by E+Co. This follows its investment in two other firms involved in the business of carbon credits, APX and BlueSource.

With a little help from the climate crisis, Wall Street is getting back to the philosophy popularized by insurance magnate Gordon Geico in the movie Wall Street: “Doing well is doing good.”

This good news is that this is just the beginning. As Wall Street shifts its focus from the credit crisis to the carbon crisis, we will see the growth of a more sustainable financial system. That’s green you can take to the bank.

3 posted on 12/30/2008 8:46:29 AM PST by griswold3
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To: Sub-Driver

Madoff II?

4 posted on 12/30/2008 8:47:37 AM PST by NonValueAdded (once you get to really know people, there are always better reasons than [race] for despising them.)
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To: Sub-Driver
Another reason the liberal Archbishop Rowan Williams needs to step aside.
5 posted on 12/30/2008 8:52:40 AM PST by servantboy777
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To: Sub-Driver

I thought one religous organization (Church of England) could not donate to another religious organization (Algore the Profit/Prophet of Doom).

6 posted on 12/30/2008 8:57:54 AM PST by SERKIT ("Blazing Saddles" explains it all.....)
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To: Sub-Driver; Defendingliberty; WL-law; Genesis defender; proud_yank; FrPR; enough_idiocy; ...

Beam me to Planet Gore !

7 posted on 12/30/2008 8:59:33 AM PST by steelyourfaith
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To: Sub-Driver
Church of England Gives Money to Gore's Investment Firm

To be managed by Madoff no doubt.

8 posted on 12/30/2008 9:17:38 AM PST by Don Corleone (Leave the gun..take the cannoli)
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To: Sub-Driver
Absolute lunacy, SD.

Madoff wasn't enough.

They continue to do the same things and really believe they'll have a different outcome.

I will gladly become "colateral" if God would only rain the fire down ... (I know where I'm going, and why) ... Let's get this thing over with.

9 posted on 12/30/2008 9:19:13 AM PST by knarf (I say things that are true ... I have no proof ... but they're true.)
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To: servantboy777

And in England it was so in effect; saving that they by whom the kings administered the government of religion, by maintaining their employment to be in God’s right, seemed to usurp, if not a supremacy, yet an independency on the civil power: and they but seemed to usurp it, inasmuch as they acknowledged a right in the king to deprive them of the exercise of their functions at his pleasure.

But in those places where the presbytery took that office, though many other doctrines of the Church of Rome were forbidden to be taught; yet this doctrine, that the kingdom of Christ is already come, and that it began at the resurrection of our Saviour, was still retained. But cui bono? What profit did they expect from it? The same which the popes expected: to have a sovereign power over the people. For what is it for men to excommunicate their lawful king, but to keep him from all places of God’s public service in his own kingdom; and with force to resist him when he with force endeavoureth to correct them? Or what is it, without authority from the civil sovereign, to excommunicate any person, but to take from him his lawful liberty, that is, to usurp an unlawful power over their brethren? The authors therefore of this darkness in religion are the Roman and the Presbyterian clergy...

And therefore the analysis or resolution is by the same way, but beginneth with the knot that was last tied; as we may see in the dissolution of the preterpolitical Church government in England. First, the power of the popes was dissolved totally by Queen Elizabeth; and the bishops, who before exercised their functions in right of the Pope, did afterwards exercise the same in right of the Queen and her successors; though by retaining the phrase of jure divino they were thought to demand it by immediate right from God: and so was untied the first knot. After this, the Presbyterians lately in England obtained the putting down of Episcopacy: and so was the second knot dissolved. And almost at the same time, the power was taken also from the Presbyterians: and so we are reduced to the independency of the primitive Christians to follow Paul, or Cephas, or Apollos, every man as he liketh best: which if it be without contention, and without measuring the doctrine of Christ by our affection to the person of his minister (the fault which the Apostle reprehended in the Corinthians), is perhaps the best: first, because there ought to be no power over the consciences of men, but of the word itself, working faith in every one, not always according to the purpose of them that plant and water, but of God Himself, that giveth the increase. And secondly, because it is unreasonable in them, who teach there is such danger in every little error, to require of a man endued with reason of his own to follow the reason of any other man, or of the most voices of many other men, which is little better than to venture his salvation at cross and pile. Nor ought those teachers to be displeased with this loss of their ancient authority: for there is none should know better than they that power is preserved by the same virtues by which it is acquired; that is to say, by wisdom, humility, clearness of doctrine, and sincerity of conversation; and not by suppression of the natural sciences, and of the morality of natural reason; nor by obscure language; nor by arrogating to themselves more knowledge than they make appear; nor by pious frauds; nor by such other faults as in the pastors of God’s Church are not only faults, but also scandals, apt to make men stumble one time or other upon the suppression of their authority...

The ecclesiastics take from young men the use of reason, by certain charms compounded of metaphysics, and miracles, and traditions, and abused Scripture, whereby they are good for nothing else but to execute what they command them. The fairies likewise are said to take young children out of their cradles, and to change them into natural fools, which common people do therefore call elves, and are apt to mischief...

When the fairies are displeased with anybody, they are said to send their elves to pinch them. The ecclesiastics, when they are displeased with any civil state, make also their elves, that is, superstitious, enchanted subjects, to pinch their princes, by preaching sedition; or one prince, enchanted with promises, to pinch another...

It was not therefore a very difficult matter for Henry the Eighth by his exorcism; nor for Queen Elizabeth by hers, to cast them out. But who knows that this spirit of Rome, now gone out, and walking by missions through the dry places of China, Japan, and the Indies, that yield him little fruit, may not return; or rather, an assembly of spirits worse than he enter and inhabit this clean-swept house, and make the end thereof worse than the beginning? For it is not the Roman clergy only that pretends the kingdom of God to be of this world, and thereby to have a power therein, distinct from that of the civil state...

10 posted on 12/30/2008 9:22:09 AM PST by Sir Francis Dashwood (Arjuna, why have you have dropped your bow???)
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To: griswold3

Went to the link, brilliant - can’t tell where the salesmanship stops and the bullshit begins; true parody goes through history like a snowblower through an outhouse.

11 posted on 12/30/2008 9:29:43 AM PST by Old Professer (The critic writes with rapier pen, dips it twice, then writes again.)
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To: Sub-Driver

How many good parishioners gave up their hard earned money over the years and months of Sunday’s to have their money go for something they certainly might not support?

12 posted on 12/30/2008 10:31:02 AM PST by ridesthemiles
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To: Sub-Driver

The CoE has an arch-bishop who tells his flock that they should embrace Shariah law and that they should refer to God as “Allah”, and now news that they have invested 150 million British pounds (about $300 million dollars) in Al Gore’s sham of a company.

No wonder their membership is plummeting. This is the lowest of lows.

13 posted on 12/30/2008 11:31:09 AM PST by St. Louis Conservative
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To: griswold3

have they abandoned their precious MDG initiative???

14 posted on 12/30/2008 11:58:16 AM PST by elpadre (nation)
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To: Sub-Driver

If I hear the word “sustainable” again, I am going to puke.

15 posted on 12/31/2008 7:22:37 AM PST by crusty old prospector
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To: griswold3
Earlier this week, Goldman Sachs purchased a majority of the carbon credits portfolio owned by E+Co.

GS: the Enron of tomorrow.

16 posted on 12/31/2008 8:55:50 AM PST by Entrepreneur (The environmental movement is filled with watermelons - green on the outside, red on the inside)
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To: Sub-Driver
I'm a former Episcopalean (i.e., Anglican). The Episcopal Church has lost its way in the UK and US and is splintering. The African Episcopaleans now have the church's moral authority, not the Archibishop of Canterbury...

Ugandan bishop takes battle for Anglican soul to London

By PAUL REDFERN, Sunday Nation correspondent in London

Last updated: Sat, Jul 05, 2008 21:18 PM (EAT)

As the divisions in the Anglican faith grow wider ahead of the Lambeth conference in the UK over homosexuality, Uganda’s Archbishop was in London last week to drum up support for traditional Anglican teachings.

But Archbishop Henry Orombi denied trying to ‘poach’ traditional Church of England supporters.

Archbishop Orombi, who is Archbishop of Uganda as well as Archbishop Peter Jensen of Sydney, Australia and Archbishop Greg Venables, Primate of South America’s Southern Cone, were in London last week to address a meeting of the Church of England supporters on the formation of a new grouping within the church known as the Fellowship of Confessing Anglicans.

The meeting and the setting up of Foca drew strong criticism from the spiritual head of the Anglican faith, the Archbishop of Canterbury, Dr Rowan Williams.

But the three clergymen denied that they were trying to “seize power” within the church. Archbishop Orombi said that he had travelled to Britain to ‘help restore traditional theology’ to the mother church.

The issues which have caused deep divisions within the church remain the ordination of homosexual clergy and proposals to allow the ordination of women bishops. Women priests are already widely accepted in many dioceses within the Anglican Church although not in Africa.

But in a striking development adding support to the African viewpoint within the church, a leading UK church man said the liberal theologians within the church should be wary of dismissing the strong feelings within the Anglican faith, particularly from those in Africa.

Canon Gregory Cameron, the top canon lawyer who helps run the headquarters of the world-wide Anglican Communion criticised the “dark side” of western Anglicanism which assumes superiority over Anglicans in the developing world.

In a lecture about the crisis facing world Anglicanism, Canon Cameron said that senior clerics in the Western church were in danger of adopting a Nato-style attitude of “intellectual superiority”.

He criticised the US church, which donates generously to the African and Asian evangelical provinces, for placing “implicit obligations” on the recipients of their largesse.

Urging understanding of the conservative evangelicalism which led to a rival Fellowship of Confessing Anglicans being set up in Jerusalem last week, Canon Cameron said: “The average Anglican is a black woman under the age of 30, who earns two dollars a day, has a family of at least three children, has lost two close relatives to Aids, and who will walk four miles to church for a three-hour service on a Sunday.”

Canon Cameron, who was Dr Rowan Williams’ chaplain when he was a bishop in his homeland of Wales, is deputy secretary general of the Anglican Church and advises not just Dr Williams but all 38 primates of the world-wide communion.

However, in a pointed reminder of the difficulties that face Dr Williams ahead of the fortnight-long Lambeth conference at the end of the month were the points made by a Ugandan Christian who says he was forced to flee his country because he is a homosexual.

Kizza Musinuzi was among a group of campaigners protesting outside the London meeting where Archbishop Orombi met last week and was pictured holding a banner reading “Anglicans repent your homophobia.”

Dr Williams has warned the leaders of the conservative coalition that “demolishing existing structures” within the church was not the answer to their concerns over the issue of homosexuality and in particular the ordination of gay priests.

The Archbishop of Canterbury told the traditionalists that “if they (the teachings) are not working effectively, the challenge is to renew them rather than to improvise solutions that may seem to be effective for some in the short term but will continue to create more problems than they solve.”

Uganda’s Anglican bishops have already told Dr Williams that they will not be attending the Lambeth conference due to be held in the UK later this month and Kenya's bishop's are expected that Kenya’s to follow suit.

The fortnight-long event is normally a chance for the Anglican Communion world-wide to come together once a decade and discuss the issues that will take the church forward, but over the past 15 years, the issue of homosexuality within the church has dominated debate.

But Dr Williams said that the attempt to set up what amounts to a church within a church was “problematic in all sorts of ways” and he urged “those who have outlined these (proposals) to think very carefully about the risks entailed.”

The Archbishop of Canterbury has also called for patience from those who want to create an alternative world-wide Anglican Communion.

At the Jerusalem conference some 300 bishops, principally from Africa but also from the United States and Britain, claimed that they wanted to “sideline” Dr Williams’ leadership of the world-wide Communion in favour of Foca.

They published 14 central tenets of faith, based on traditionalist interpretations of scripture, and committed themselves solely to the 1662 Book of Common Prayer.


17 posted on 12/31/2008 9:06:38 AM PST by Entrepreneur (The environmental movement is filled with watermelons - green on the outside, red on the inside)
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