Posted on 04/12/2008 7:10:55 PM PDT by dangerdoc
For years, NewsBusters has reported on Al Gore's financial interests in advancing global warming hysteria around the world.
On March 1, while speaking at the TED Conference in Monterey, California, the Nobel Laureate admitted to having "a stake" in a number of green "investments" that he recommended attendees put money in rather than "sub-prime carbon assets" like "tar sands" and "shale oil."
This occurred as pictures of such products appeared on the screen with names of the companies involved (video available here, relevant section begins at minute 15:00, h/t NBer Sick-and-Tired):
Story Continues Below Ad ↓ There are a lot of great investments you can make. If you are investing in tar sands, or shale oil, then you have a portfolio that is crammed with sub-prime carbon assets. And it is based on an old model. Junkies find veins in their toes when the ones in their arms and their legs collapse. Developing tar sands and coal shale is the equivalent. Here are just a few of the investments I personally think make sense. I have a stake in these so I’ll have a disclaimer there. But geo-thermal concentrating solar, advanced photovoltaics, efficiency, and conservation.
As Gore spoke these words, pictures of electric cars, windmills and solar panels appeared in multiple slides on the screen with company names at the bottom such as Amyris (biofuels), Altra (biofuels), Bloom Energy (solid oxide fuel cells), Mascoma (cellulosic biofuels), GreatPoint Energy (catalytic gasification), Miasole (solar cells), Ausra (utility scale solar panels), GEM (battery operated cars), Smart (electric cars), and AltaRock Energy (geothermal power).
As such, like an investment advisor or stock broker giving a seminar to prospects and clients, Al Gore was actively recommending people put money in companies he already has a financial stake in.
And, as he tours the world demanding nations stop burning fossil fuels, he will financially benefit if they follow his advice and move to technologies that he has already invested in.
I'm sure the sycophantic climate alarmists in the media will be all over this in the days to come...not!
*****Update: Readers should be reminded of an exchange last week between NewsBuster Matthew Vadum and a Gore representative.
If you recall, on April 1, Vadum wrote about how the media are ignoring Gore's global warming profiteering. The following day, Richard Campbell, a spokesman for Gore's Generation Investment Management fund, had an e-mail exchange with Ian Wilhelm from the Chronicle of Philanthropy:
However, Richard Campbell, a spokesman for Generation Investment Management, called the suggestions a “nonsense story.”
In an e-mail message to The Chronicle, he writes that neither Mr. Gore nor any other members of the investment company’s board will make money from the expansion of carbon trading.
“To suggest then that they are somehow benefiting from the growth of this industry betrays a complete lack of knowledge of the carbon offset industry,” he writes.
Now that Gore has admitted having investments in companies that will benefit from global warming hysteria, I wonder if Campbell's opinion might change. Stay tuned.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
He’s going after the extra-chromosomal investors.
http://www.freerepublic.com/focus/f-news/1775002/posts
Trading Hot Air?
;-D
It’s clearly a conflict of interest. This scumbag is nothing but a snake oil scam artist looking to turn a buck by catering to the fears and stupidity of the hard of thinking half of this country’s population.
Cat’s outta the bag.
I hope as many people run with this as far as they can, until they pass out. Manbearpig needs to be buried as far as global warming in concerned. The issue needs to be buried, finally, in an unmarked grave.
bttt
History will not be kind to Mr. Gore.
Jim Naibors would say: “Surpriiise, surpriiiiise!”
Coal Shale? Shouldn’t that be oil shale?
Gomer Pyle said it best when he said to Sgt. Carter:
Surprise, surprise, surprise!
This is good. Now it needs wider circulation. I’m sending to some non-freepers to help spread the word. albore, you’re an arrogant blowheart out for personal greed at the taxpayers expense.
***As such, like an investment advisor or stock broker giving a seminar to prospects and clients, Al Gore was actively recommending people put money in companies he already has a financial stake in.***
Worth repeating.
Al Gore is a private citizen that is why he is allowed to say whatever he wants. He will never run for political office because if he did he would have conflict of interest. Just like President Bill Clinton, he is a private citizen now,can earn and say as much as he wants.
I really hate it as much as you do. Perhaps there is some law somewhere that could stop him, but I doubt it. Let us hope!
If you look at the websites for these companies, you will find very little information on their business model.
Since they are private companies..they don’t have to disclose much, but it leaves you wondering.
It’s Obama, stupid: Carter and Gore to end Clinton bid
The Scotsman | April 13, 2008 | Chris Stephen
Posted on 04/12/2008 5:46:23 PM PDT by 2ndDivisionVet
http://www.freerepublic.com/focus/news/2000722/posts
Obama distances himself from Jimmy Carter on Hamas position
Afrik.com | 4/12/2008 | Edward Luce
Posted on Saturday, April 12, 2008 10:39:09 PM by markomalley
http://www.freerepublic.com/focus/f-news/2000751/posts
Not only wondering but furious.
A conservative member of Congress should propose a law targeting GW profiteering. The profits of every company involved in GW should be capped just as the rats propose to cap profits in their windfall profits tax. In addition, CEO and officer compensation should be limited in GW related companies. I would also like to see a law that reduces pensions of the members of the executive and legislation branch for every dollar collected on speeches and board service. If they can earn this easy money based on their political service, they do not need the gold plated pensions.
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