Gore doesn’t buy “carbon offsets” through Generation Investment Management - he buys stocks

http://www.sec.gov ^ | 03/05/07 | DaveTesla

[DaveTesla]

Gore doesn’t buy “carbon offsets” through Generation Investment Management - he buys stocks

http://www.sec.gov/cgi-bin/browse-edgar?">company=generation+investment+management&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

http://www.sec.gov/Archives/edgar/data/1375534/000117266107000053/0001172661-07-000053.txt

[DaveTesla]

What a scam!

[Recovering_Democrat]

I only see filing data here, no mention of Gore.

Can you interpret this so it makes sense to laymen like me? :)

RD

[DaveTesla]

Gore's 'Carbon Offsets' Paid to Firm He Owns(Well now, isn't that special.)
World Net Daily ^ | March 2, 2007 | staff


Posted on 03/03/2007 9:52:00 AM EST by kellynla

http://www.freerepublic.com/focus/f-news/1794519/posts?page=176#176



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.

[DaveTesla]

http://en.wikipedia.org/wiki/Generation_Investment_Management

[Dallas59]

[Recovering_Democrat]

I know Gore is chairman of GIM. I'm asking how you know he buys STOCKS instead of outright purchases of the "product" of carbon offsets supposedly sold by his bullcrap company.

[hunter112]

What a scam!

Yep. "Feel guilty? Then pay me some money, and you won't have to feel that way any more!" All the money spent on carbon offsets is money not going to Rat candidates, that's the only good I see here.

[DaveTesla]

Look at the table in form 13F:

http://www.sec.gov/cgi-bin/browse-edgar?company=generation+investment+management&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

That's $206,361,000 worth of stock listed in the table.

Thats almost a quarter of a billion dollars worth of stock.

Them there aren't tree purchases.

[DaveTesla]

Ping

"that's an investment firm and it doesn't list the stocks they invest in"

Thanks for the lead!

[DaveTesla]

FORM 13F INFORMATION TABLE

                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY

NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE

- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

AFLAC INC                      COM              001055102    13315   290036 SH       SOLE                   237036        0    53000

AQUANTIVE INC                  COM              03839G105     4615   187533 SH       SOLE                   153313        0    34220

AUTODESK INC                   COM              052769106    12712   314813 SH       SOLE                   257343        0    57470

BECTON DICKINSON & CO          COM              075887109    13785   196951 SH       SOLE                   161408        0    35543

BLACKBAUD INC                  COM              09227Q100     4765   183627 SH       SOLE                   150019        0    33608

GENERAL ELECTRIC CO            COM              369604103    19565   526856 SH       SOLE                   430381        0    96475

GREENHILL & CO INC             COM              395259104     9473   128623 SH       SOLE                   105253        0    23370

JOHNSON CTLS INC               COM              478366107    13711   159939 SH       SOLE                   130989        0    28950

LABORATORY CORP AMER HLDGS     COM NEW          50540R409     9935   135500 SH       SOLE                   110800        0    24700

METABOLIX INC                  COM              591018809     5209   275000 SH       SOLE                   275000        0        0

NORTHERN TR CORP               COM              665859104    14333   236657 SH       SOLE                   193447        0    43210

NUVEEN INVTS INC               CL A             67090F106     7389   142700 SH       SOLE                   115400        0    27300

STAPLES INC                    COM              855030102    11921   447410 SH       SOLE                   365810        0    81600

SYSCO CORP                     COM              871829107    11085   302161 SH       SOLE                   246991        0    55170

TECHNE CORP                    COM              878377100    22309   403067 SH       SOLE                   329267        0    73800

UBS AG                         SHS NEW          H89231338    14079   232566 SH       SOLE                   190186        0    42380

VCA ANTECH INC                 COM              918194101     4858   151267 SH       SOLE                   123927        0    27340

WATERS CORP                    COM              941848103     8875   181600 SH       SOLE                   148400        0    33200

WHOLE FOODS MKT INC            COM              966837106     4427    94522 SH       SOLE                    77242        0    17280

 

[xcamel]

FReepmail me to get on or off
Click on POGW graphic for full GW rundown

---

ScamTime!

[gondramB]

One thing I don't get is why people thought this is where he gets his carbon "credits" - I've looked at the company -they are an investment firm that is supposed to make a profit like any other investment firm but they claim to invest in environmentally friendly companies - I don't see any indication they sell carbon credits.

[listenhillary]

Monitored thread, find later

[Recon Dad]

SYSCO CORP

I wonder if this is Sysco Foods or the software maker? I'm guessing Foods.

Good company, but they might run more semi's around the country than any other company in the country. I would have no problems with their stock, but if you're going "Carbon Neutral" I think you could make a case against them.

[decimon]

Remember that the sort of investments made by GIM-me are the sort subsidized by tax dollars. Subsidized because of people like...Al Gore.

The principals in GIM-me are Al Gore and David Blood. Blood and Gore.

[mo]

This is the Gore twist on the Billary scam....


The Clintons, in particular Hillary, have a prior history of highly questionable stock and commodities trading practices, of which "Cattle-gate" is the most famous. A lesser well known fact is that during the abortive health care reform, Hillary Clinton made a small profit by short-selling pharmaceutical stocks. That's insider trading, its illegal, and its the very activity the blind trust (still incomplete at the time) was intended to prevent.

http://www.whatreallyhappened.com/RANCHO/POLITICS/FOSTER_COVERUP/trust.html


The Gore Family are all into energy scams....the Clinton Family seems to be medical...

[DaveTesla]

"One thing I don't get is why people thought this is where he gets his carbon "credits""


Gore said so!

Group questions level of energy use at Gore home
http://tennessean.com/apps/pbcs.dll/article?AID=/20070227/NEWS01/702270382


According to Kalee Krider, a spokeswoman for Gore:

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, she said.

[DaveTesla]

It's Sysco food service.

Say, I wonder if I buy stock in Safeway I can claim I am feeding the poor
and use it for a write off?

[cincinnati65]

Looks like WorldNetDaily may need to revisit this story. GIM appears to be a hedge fund that invests in "green" companies. Al Gore supposedly sends them money to invest, like a mutual fund. This mean Gore earns a return, and is free to withdraw his funds whenever he would like. He is not "buying carbon offsets" through GIM. He is allowing his money to be invested in companies that are doing things to supposedly reduce greenhouse emissions. It's still Gore's money, as it would be for any other investor.

[DaveTesla]