Originally posted by living in a cave
quote: Maybe that’s why sanctimonious stewards of the environment like Al Gore are comfortable lecturing the rest of us while living large in mega-mansions.
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.
[H]ow 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.
However, as Riehl pointed out, this story is even juicier:
To add insult to injury, Gore chose Peter S. Knight, an old friend and colleague some are sure to recall, as the US President of GIM.
Peter S. Knight, formerly Managing Director Met West Financial, lawyer, Chief of Staff for Senator Al Gore (D-TN) from 1977-1989, and Campaign Manager for President Clinton's successful re-election in 1996, is President of Generation U.S.
This would be him: Reno Rejects Inquiry Into a Clinton Aide
Atty Gen Janet Reno decides against any further investigation of Peter Knight, Pres Clinton's 1996 campaign manager in connection with office building development in nation's capital; such an investigation could have led to naming independent counsel to look further into activities of Knight, who is also former top assistant to Vice Pres Al Gore.
Yes, thanks to Janet Reno, no one ever found out how $20,000 in stock turned up in an account for Knight's then 13 year old child.
Dispute over Democratic Party campaign-financing shifts to Zachary Knight, 13-year-old son of Peter S Knight, Clinton-Gore campaign chairman in 1996, who was given $20,000 in stock by William Haney 3d, chairman of Molten Metal Technology Inc; Republicans believe gift, which came after father was named chairman of campaign, was really payment to Knight, who had worked as $7,000-per-month lobbyist for company; Knight denies involvement in any impropriety; photo
Riehl accurately asked:
If Gore's motivation in pushing Global Warming is so altruistic, was it really necessarily for the already wealthy Gore to establish a multi-million dollar corporation in England to cash in? And given the history of Gore and Knight, are these people we should trust to drive a re-vamping of the world economy at the same time they're lining their pockets because of our much smaller carbon footprints?