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Gore's Dual Role: Advocate and Investor (2009, Goldman connections)
New York Times ^ | November 2, 2009 | By JOHN M. BRODER

Posted on 04/26/2010 4:47:23 PM PDT by Brad from Tennessee

WASHINGTON — Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses. . .

(Excerpt) Read more at ...

TOPICS: Extended News
KEYWORDS: carbon; climate; money; stimulus
The New York Times did this catch-up when Gore's testimony in the House last year exposed some of his businesses. Gore and his partner, David Blood, a former Goldman Sachs asset manager, will be enriched from the "Stimulus" Act. Heavily invested in carbon credit paper, Gore and Blood are poised to make billions if Cap-and-Trade passes. Gore denies being a lobbyist. In fact he is the most visible lobbyist for legislation that would benefit Goldman Sachs and other Wall Street investment houses.
1 posted on 04/26/2010 4:47:23 PM PDT by Brad from Tennessee
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To: Brad from Tennessee

Algore the Snake Oil salesman.

2 posted on 04/26/2010 4:56:51 PM PDT by Spok (Free Range Republican)
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To: Brad from Tennessee; Amagi; rdl6989; Tunehead54; Clive; Little Bill; tubebender; marvlus; ...

Beam me to Planet Gore !

3 posted on 04/26/2010 4:59:59 PM PDT by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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To: Brad from Tennessee
“Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select
individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 --
the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H.,
criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."

"It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."

“Here comes the next bubble -- carbon trading
Forget CDOs and other inventions of the great credit bubble. That’s all old hat.
Investment bankers are moving on to an area of securities trading that is potentially even
more lucrative, and what’s more, even has a social value – saving the planet.
….According to Mr Schapiro, carbon trading is now the fastest growing commodities
market on earth. Since Kyoto signatories bought in to the cap and trade concept in 2005,
there have been more than $300bn carbon transactions, prompting several investment
banks, including Goldman Sachs and Barclays, to set up their own carbon trading desks.
But that’s just the start. If President Obama and his supporters can institute a cap-and-
trade system in the United States – and that’s a big if for this increasingly marooned
presidency – demand could explode into a $2 to $3 trillion market.

And here’s the great thing about it. Unlike traditional commodities markets, which will
eventually involve delivery to someone in physical form, the carbon market is based on
lack of delivery of an invisible substance to no-one. Since the market revolves around
creating carbon credits, or finding carbon reduction projects whose benefits can then be
sold to those with a surplus of emissions, it is entirely intangible.

“Carbon developers”, many of them employed by large multinationals, travel the world
in search of carbon reduction projects to sell, while firms of carbon accountants have been
established to verify on the United Nations’ behalf that those reductions are real.
The whole thing, though well intentioned, looks wide open to abuse and scams. “

4 posted on 04/26/2010 5:02:36 PM PDT by Diogenesis (Article IV - Section 4 - The United States Â… shall protect each of them against Invasion)
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To: Brad from Tennessee

“Barack Obama is the Biggest Failure Since New Coke...”

5 posted on 04/26/2010 5:06:33 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: Brad from Tennessee
Goldman Sachs: It should be re-named the "Obama Kabuki Bank."
6 posted on 04/26/2010 5:10:02 PM PDT by cookcounty ("When they bring a knife to the fight, we bring a gun," --"Brawls for Radicals" --by Barack Alinsky)
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To: Brad from Tennessee

I have a water free urinal too. It’s a tree in my back yard.

7 posted on 04/26/2010 5:11:41 PM PDT by MrChips (MrChips)
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