We all know how the mainstream media loves to portray Al Gore – the visionary “eco-prophet” who shared the 2007 Nobel Peace Prize for his climate advocacy. But is Al Gore truly such a selfless do-gooder? What does it say about the motives of an environmental crusader when that person stands poised to rake in billions of dollars from the very carbon credit trading scheme that he is tirelessly advocating?
That is exactly the position that Al Gore finds himself in. The leading advocate of the theory of “man-made global warming” is also one of the people who would likely benefit the most financially from the implementation of a “cap and trade” carbon credit trading scheme.
You see, Al Gore is chairman of Generation Investment Management. David Blood, the former chief executive of Goldman Sachs Asset Management, is the CEO.
Thus the nickname – Blood and Gore.
Wikipedia describes Blood and Gore this way…..
Generation Investment Management LLP (GIM) is a London-based investment management firm with an investment style that blends traditional equity research with a focus on sustainability factors, including social and environmental responsibility and corporate governance.
It all sounds very noble, doesn’t it?
But the bottom line is that GIM is about making money. GIM owns a 10 percent stake in the Chicago Climate Exchange. The Chicago Climate Exchange owns half of the European Climate Exchange.
Thus if the United States and Europe adopt a “cap and trade” carbon credit trading scheme Al Gore could potentially rake in billions of dollars.
If they don’t, Al Gore’s investment in these ventures could end up being worthless.
When asked about the financial incentives that Gore has to promote carbon trading in an appearance before Congress, Gore did not back down one bit…..
“Do you think there is something wrong with being active in business in this country?” the New York Times quotes Gore as telling Congress. “I am proud of it. I am proud of it.”
Gore insists that he is completely committed to solving the problems caused by “climate change” and that he is not ashamed of being ready to make tons of money off of those solutions…..
“I believe that the transition to a green economy is good for our economy and good for all of us, and I have invested in it.”
But is Al Gore ready to back real environmental solutions which would not make him money?
Apparently those kinds of solutions don’t appeal to him as much. Just consider the following passage from a recent Newsweek article…..
“If we feed the biology and manage grasslands appropriately, we could sequester as much carbon as we emit,” says Timothy LaSalle, CEO of the Rodale Institute, who presented at two summits. The political clash is this: if you tell people soils can be managed to suck up lots of our carbon emissions, it sounds like a get-out-of-jail-free card, and could decrease what little enthusiasm there is for reducing those emissions—as one of Gore’s assistants told LaSalle in asking him to dial down his estimate. (He didn’t.)”
One of Gore’s assistants actually asked LaSalle to “dial down his estimate”?
What in the world?
Perhaps LaSalle’s idea could really work.
But apparently since it would not make Al Gore any money it is not as good as the “cap and trade” carbon trading scheme which would dramatically raise energy prices for American consumers and which would further wreck the U.S. economy.
The truth is that Al Gore is going to keep positioning his money to take advantage of “green” legislation and he is going to keep using his political clout to tirelessly advocate for that same legislation.
As Al Gore’s firm, Blood and Gore, starts to rake in billions of dollars as middle class Americans struggle to pay their power bills, perhaps it will be then that many Americans will finally learn the true meaning of this Al Gore quote…..
“Reality does have a way of knocking on the door.”