"Former Vice President Al 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. And the US portion is headed up by a former Gore staffer and fund raiser who previously ran afoul of both the FEC and the DOJ, before Janet Reno jumped in and shut down an investigation during the Clinton years.
Think Katie, Charlie, or Brian will be all over this tonight? Regardless, that was just the tip of the questionably melting iceberg as reported by Bill Hobbs in Nashville, Tennessee:
How Gore buys his "carbon offsets," as revealed by The Tennessean raises serious questions. According to the newspaper's report, Gore buys his carbon offsets through Generation Investment Management:
Gore helped found Generation Investment Management, through which he and others pay for offsets. The firm invests the money in solar, wind and other projects that reduce energy consumption around the globe...
Gore is chairman of the firm and, presumably, draws an income or will make money as its investments prosper. 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. To be blunt, Gore doesn't buy "carbon offsets" through Generation Investment Management - he buys stocks.
Fascinating. So, as Dr. Global Warming travels the world in his private jet while spending 20 times the average American on energy for his home, all the time telling us its okay because he?s buying carbon offsets, he?s actually purchasing these investments from himself.
Furthermore, and maybe more important, Gore stands to benefit financially in a potentially huge way if more and more people buy into this junk science."
http://newsbusters.org/node/11149