Instead, Al Gore's company buys carbon offsets from a company called CarbonNeutral for all of Al Gore's private and public carbon-producing sins. I wonder whether GIM can write these purchases off for tax purposes and/or Al Gore is required to pay taxes on this fringe benefit. If GIM is writing it off and Al Gore isn't paying any additional taxes, then congratulations! You and I are effectively partners in Al Gore's carbon indulgence purchase!
Ping!
Riiiiiiiiight!
OK, so the company doesn’t “purchase” or “sell” carbon offsets. (So the spokesman claims.)
But then why did Gore HIMSELF that he bought bought carbon offsets FROM this company?
And (by the way) what good does purchasing carbon offsets of 10% of your use do, when you’re USING 10 TIMES the amount of energy a normal family uses? In ONE if three houses nationally?
Forget the aircraft and planes and taxis and hotels ....
So Albore is buying carbon credits, but isn’t buying them.
Here’s some more about Al Gore’s carbon offsets and his partner:
Maurice Strong, Al Gore
Creators of carbon credit scheme cashing in on it
http://adognamedkyoto.blogspot.com/
By Judi McLeod
Tuesday, March 13, 2007
There’s an elephant in global warming’s living room that few in the mainstream media want to talk about: the creators of the carbon credit scheme are the ones cashing in on it.
The two cherub like choirboys singing loudest in the Holier Than Thou Global Warming Cathedral are Maurice Strong and Al Gore.
This duo has done more than anyone else to advance the alarmism of man-made global warming.
With little media monitoring, both Strong and Gore are cashing in on the lucrative cottage industry known as man-made global warming.
Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”
Gore buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C.” of which he is both chairman and founding partner.
To hear the saving-the-earth singsong of this dynamic duo, even the feather light petals of cherry blossoms in Washington leave a bigger carbon footprint.
It’s a strange global warming partnership that Strong and Gore have, but it’s one that’s working.
Strong is the silent partner, a man whose name often draws a blank in the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of a beleaguered Kofi Annan, the Canadian born Strong is little known in the Unites States. That’s because he spends most of his time in China where he works to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is big cheese in the world of climate change, and is one of the main architects of the coming-your-way-soon Kyoto Protocol.
Gore is the glitzy, media approved front man in the partnership, the flashing neon lights on the global stage warning the masses of the end of Earth, as we know it, and Hollywood’s poster boy for greening the silver screen.
The skeptics of man-made global warming believe that Gore and Strong have made climate change “the new religion”. Climate change is not the first religion both parties have tried to make stick. Along with former Soviet Union leader Mikhail Gorbachev, Strong, currently president of the Earth Council, has been boasting of replacing the Ten Commandments with the Earth Charter, a golden rule guide for how the masses should treat the environment.
Gore, who has given sermons at the United Nations sponsored Cathedral of St. John the Divine Church in New York City, is a promoter of the religion known as Gaia.
The two environmental gurus also share a belief in radical Malthusian population reduction. According to them, too many people, particularly in the U.S. are polluting the planet, emitting excessive Freon through their refrigerators and jacking up the air conditioning.
But the conduct of Al Gore and Maurice Strong in the capitalist world is one for the books. It’s a side of them that may have remained unknown had it not been for the investigative talent of the Executive Intelligence Review (EIR).
The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of An Inconvenient Truth traveled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste.Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.
“Gore left a few facts out of his speech that day. First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide,” wrote EIR.
“Second, the company had received more than $25 million in U.S. Department of energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue.
“With Al Gore’s Earth Day as a Wall Street calling card, Molten Metal’s stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When, in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers—including Maurice Strong—sold off $15.3 million in personal shares in the company, at top market value. On Oct. 20, 1996—a Sunday—the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers.
“On Monday, the stock plunged by 49%, soon landing at $5 a share.By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice Strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong’s role in scamming the value of the company stock up into the stratosphere, before selling it off.
In 1997, Strong went on to accept from Tongsun Park, the Korean man found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred.
In that year, Gore, still U.S. vice president, was making news for “taking the initiative in creating the Internet.”
The leaders of the man-made global warming movement, you might say, get around.
Meanwhile Jumbo’s still in global warming’s living room, but the duo with the tiniest carbon footprints on earth continue to just tiptoe past him.
Canada Free Press founding editor Judi McLeod is an award-winning journalist with 30 years experience in the print media. Her work has appeared on Newsmax.com, Drudge Report, Foxnews.com, Glenn Beck and The Rant. Judi can be reached at: letters@canadafreepress.com.
Yeah right, I’m going to buy “offsets”. These people sound like Amway.
Anybody know what a carbon offset actually costs in dollars per whatever unit of CO2 produced?
This is strange. If you are an investment firm you sell something of value to a person in the form of stock. If you have sold them this stock the investor (AKA Al Gore) then has a stock or something of worth that he can then sell for money. If this is correct Al Gore did not buy carbon credits but invested in a company that will probably pay him a handsome return. Al Gore may be a raving left wing moon bat, but when it comes to his own personal money he is a Steve Forbes Capitalist.
I, for the life of me, do not understand how this works. Somebody, somewhere is making a boatload of free money off of this and I want to know who.
And shake their hand, this is a great scam.
That is just quackery. Neither solar nor wind power remove carbon from the atmosphere. Trees can, but they take many years to do it. And once they die, they release the carbon right back to the environment.
This whole “carbon offset” thing sounds like the Liberal’s solution to dealing with all that guilt they carry around for existing as carbon-based beings in the first place. It’s a LOT of baloney.
If Algore isn’t profiting from this “carbon offsets” scam, he’s even stupider than I thought he was.
Why doesn’t it surprise me that a socialist is running a company that makes no profit.
Every time I hear about carbon offsets, Star Trek: The Movie comes to mind. I can see a bald headed Al Gore hoping to have some interstellar sex with the carbon units in a deluded attempt to become “at one” with the presidency.
B'sides, with his investment in GOOGLE and that company's proven history of grabbing the ankles for the Chinese government, there is plenty of room to criticize him for sucking up to corporate fatcats and hypocrisy. :)
So, Al Gore can’t even run a scam profitably? And he wants to be president?
Besides Islam, Carbon Credits are the biggest fraud ever established.
Even if he’s not profiting, he’s certainly not cutting back on his piggishly large carbon footprint, either.
Here’s how the scam works.
Al Gore buys credits from a company he partly owns.
99.9% of the money is used to pay salaries to employees, consulting fees to Al Gore, legal fees to Democrat operatives, and attack ads against GWB; .1% is invested in companies who plant trees.
Wow, so he’s not even paying himself for his offsets.
Honey, if Al’s company ain’t profiting then are they a philanthropy?
BP is as phoney as Al Gore about environmentalism. I know this is true from personal experience. Before the EXXON Valdez spill in the Prince William Sound, my husband was the environmental advisor for ARCO Marine. He spent a year in Alaska, trying to convince BP (they manage everything up there)and EXXON that they were unprepared for a major spill and that statistics showed that they were over due for an incident. BP officials told him that he was STUPID, that they had no intention of spending ANY money on oil spill preparedness in Alaska because they had already spent more than they wanted to in the North Sea. When my husband stood up at a meeting and told everyone that the Oil Spill Contingency plans of EXXON and BP were nothing but paper tigers, the BP executive took out a newspaper and opened it in front of his face and continued to read the newspaper for the rest of my husband's little speech. My husband had written the only oil spill contingency plan in force and approved by the state of Alaska at the time of the spill. So, to prove his point, my husband ran an oil spill drill which closely approximated the actual Valdez spill, six months before the occurrence. In the aftermath of the spill, BP officials threatened to destroy my husband in open court if he testified against them. They convinced ARCO that it was their responsibility and in their best interests to make sure that my husband did not testify against them, and then BP subpoened his computer. ARCO sent a team of lawyers to work with my husband to prepare him to give a deposition that would not harm BP or EXXON. They worked with him for eight hours a day for two weeks before the deposition. What no one knew is that my husband had two notebooks full of documentation of every meeting and phone conversation that he had with BP and EXXON officials. He still has them. I'm wondering if those notebooks might be worth some money to someone. I don't take kindly to anyone threatening my husband.
Hold on a second. If I want to consume more energy I pay the electric, water and gas company for that priviledge.
If a government doesn’t want me to consume more energy, they tax the utility wh charges me more.
Why is anyone else involved in this? Carbon offsets appears to be a big ponzi scheme with the Al Gores of the world at the top.
Maybe it is time for an investigation and to find out who is running these pump & dump schemes.
This is where Al Gore steps in.
What I said about this here: #13
Gore movie inspires ‘carbon offsets’ sales (Yet Another Inconvenient Truth)
http://www.freerepublic.com/focus/f-news/1812301/posts?page=13#13