Posted on 03/03/2007 6:52:00 AM PST by kellynla
Al Gore defends his extraordinary personal energy usage by telling critics he maintains a "carbon neutral" lifestyle by buying "carbon offsets," but the company that receives his payments turns out to be partly owned and chaired by the former vice president himself.
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," writes blogger Dan Riehl.
Gore has described the lifestyle he and his wife Tipper live as "carbon neutral," meaning he tries to offset any energy usage, including plane flights and car trips, by "purchasing verifiable reductions in CO2 elsewhere."
But it turns out he pays for his extra-large carbon footprint through Generation Investment Management, a London-based company with offices in Washington, D.C., for which he serves as chairman. The company was established to take financial advantage of new technologies and solutions related to combating "global warming," reports blogger Bill Hobbs.
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Generation Investment Management's U.S. branch is headed by a former Gore staffer and fund-raiser, Peter S. Knight, who once was the target of probes by the Federal Election Commission and the Department of Justice.
Hobbs points out Gore stands to make a lot of money from his promotion of the alleged "global warming" threat, which is disputed by many mainstream scientists.
"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," Hobbs writes. "To be blunt, Gore doesn't buy 'carbon offsets' through Generation Investment Management he buys stocks."
As WND reported, Gore, whose film warning of a coming cataclysm due to man-made "global warming" won two Oscars, has a mansion in the posh Belle Meade area of Nashville that consumes more electricity every month than the average American household uses in an entire year, according to the Tennessee Center for Policy Research, citing data from the Nashville Electric Service.
The think tanks says since the release of Gore's film, the former presidential candidate's energy consumption has increased from an average of 16,200 kilowatt-hours per month in 2005, to 18,400 per month in 2006.
Ping
Gore...."I didn't know I owned that firm. I was drinking too much ice tea at that meeting and had to pee when it was discussed." Sounds like Forrest Gore.
And it obviously will be the "trendy" thing for all the rich libs to buy their idiotic carbon set offs from Gore's company.
What exactly is "verifiable reductions in CO2" ????
Are the Windmill Farms??
Solar panel Farms??
A certificate ??
Or is this all just a scam like the Dot Com Companies in the 90's
If Big Al and Tipper want to live in a carbon environment I suggest they get carbonized like Harrison Ford in the StarWars movie
Where does he buy these reductions? From dead people? People in third world countries who don't even have electricity?
And if he can buy reductions (which doesn't actually involve money), why can't we?
I am willing to sell "carbon offsets" to anyone who needs them for me not turning on the TV tomorrow morning to watch the Sunday talk shows.
I saw an article where Ray Scott would design your very own Bass lake!
Sorry about the double post. The first time I got timed out.
This is so rich, I've got to go take an alka-seltzer!
I gotta hand it to Al Bore. He devised a beautiful scheme!
Its all legal and delivers what is promised to the purchasers of the credits.
Im almost sad that the media has picked up on how beutiful it is for the owners of the carbon credit business.
Its interesting to note that No one at DU is even discussing this, but they have to be feeling very burned.
If they found out that GWB owned the company they would be screaming their fool heads off about how they were being decieved and preyed upon L0L
True hypocrisy is the homage vice gives to virtue.
If I reduce my personal production of greenhouse gasses by, for example, reducing my intake of beans, can I start selling offsets?
I'll bet he takes a tax deduction.
I would love to know all the little details of this so-called company ... because it sure smells of a scam to me
Carbon Gore can take his "carbon offsets" and stick 'em where the sun don't shine.
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