Al Gore could become world's first carbon billionaire

Al Gore, the former US vice president, could become the world's first carbon billionaire after investing heavily in green energy companies.

telegraph.co.uk



Last year Mr Gore's venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.

Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy as Mr Gore. And few have put as much money behind their advocacy and are as well positioned to profit from this green transformation, if and when it comes.

Critics, mostly on the political right and among global warming sceptics, say Mr. Gore is poised to become the world's first "carbon billionaire," profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in.

Representative Marsha Blackburn, Republican of Tennessee, has claimed that Mr Gore stood to benefit personally from the energy and climate policies he was urging Congress to adopt.

Mr Gore had said that he is simply putting his money where his mouth is.

"Do you think there is something wrong with being active in business in this country?" Mr. Gore said. "I am proud of it. I am proud of it."

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Comment by truth on November 3, 2009 at 3:27pm
Al Gore's Inconvenient Truth sequel stresses spiritual argument on ...

Al's Gore's much-anticipated sequel to An Inconvenent Truth is published today, with an admission that facts alone will not persuade Americans to act on global warming and that appealing to their spiritual side is the way forward.
Comment by truth on November 3, 2009 at 2:56pm
Hey thank Paul Watson!
Comment by truth on November 3, 2009 at 2:07pm
Al Gore Set To Become First “Carbon Billionaire”

CO2 tax agenda front man lining his pockets on the back of global warming fearmongering

Paul Joseph Watson Prison Planet.com Tuesday, November 3, 2009

The New York Times has lifted the lid on how Al Gore stands to benefit to the tune of billions of dollars if the carbon tax proposals he is pushing come to fruition in the United States, while documenting how he has already lined his pockets on the back of exaggerated fearmongering about global warming.

As is to be expected, the article is largely a whitewash and takes an apologist stance in defense of Gore.

However, the NY Times‘ John M. Broder does reveal how one of the companies Gore invested in, Silver Spring Networks, recently received a contract worth $560 million dollars from the Energy Department to install “smart meters” in people’s homes that record (and critics fear could eventually regulate) energy usage.

“Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years,” states the report, highlighting the fact that Gore is “well positioned to profit from this green transformation, if and when it comes.”

“Critics, mostly on the political right and among global warming skeptics, say Mr. Gore is poised to become the world’s first “carbon billionaire,” profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in,” writes Broder.

Since he left office, Gore’s personal net worth has skyrocketed on the back of his advocacy for global warming issues and the financial dividends this has reaped. Gore’s assets totaled less than $2 million in 2001 and although he refuses to give a figure for his current net worth, a recent single investment of $35 million in Capricorn Investment Group, a private equity fund, illustrates just how fast Gore has enriched himself from his climate change bandwagon.

The Times report notes how Gore “has a stake in the world’s pre-eminent carbon credit trading market.” As we reported back in March, before he became President Barack Obama also helped fund the profiteers of the carbon taxation program that he is now seeking to implement as law.

The Chicago Climate Exchange (CCX) has direct ties to both Al Gore and Maurice Strong, two figures intimately involved with a long standing movement to use the theory of man made global warming as a mechanism for profit and social engineering. Gore’s investment company, Generation Investment Management, which sells carbon offset opportunities, is the largest shareholder of CCX.

Maurice Strong, who is regularly credited as founding father of the modern environmental movement, serves on the board of directors of CCX. Strong was a leading initiate of the Earth Summit in the early 90s, where the theory of global warming caused by CO2 generated by human activity was most notably advanced.

Both Strong and Gore come from the Club of Rome clique, who in their 1991 Report, “The First Global Revolution” openly admitted how they were planning to exploit the contrived hoax of global warming in order to further their agenda.

“In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself.,” they wrote.

Gore’s defense against claims that he is peddling fearmongering about global warming to get filthy rich, and one dutifully supported by the NY Times’ whitewash report, is that he is simply putting his money where his mouth is.

However, Gore’s insistence that he is walking the walk, not just talking the talk, doesn’t seem to extend to his own private life in the context of energy conservation and CO2 emissions. While lecturing the world about reducing CO2 emissions and saving energy, Gore’s own mansion uses 20 times the energy of the average American home.

In February 2007, the Tennessee Center for Policy Research revealed that the gas and electric bills for the former vice president’s 20-room home and pool house devoured nearly 221,000 kilowatt-hours in 2006, more than 20 times the national average of 10,656 kilowatt-hours. These figures were not disputed by Gore.

“If this were any other person with $30,000-a-year in utility bills, I wouldn’t care,” said the Center’s 27-year-old president, Drew Johnson. “But he tells other people how to live and he’s not following his own rules.”

The clips below, taken from Alex Jones’ new documentary Fall Of The Republic, expose how Al Gore serves as the front man for the global carbon tax cap and trade scheme, which is designed to bankrupt the United States and drastically lower the living standards of the American people, while introducing nightmare levels of regulation and bureaucracy into their everyday lives. Get the full DVD here.


Comment by Swtnlovabl on November 3, 2009 at 1:27pm
Oh Lord PLEASE help me shut up !!!
(I have a big mouth and having a hard time right now )
Comment by Swtnlovabl on November 3, 2009 at 1:22pm
This has to with do with nothing but DECEIT, LIES and more LIES !! GORE is a EVIL man!! and the FACT IS he's making money off that evil and deceit and destroying AMERICA in the process, So I dont care how u spin it or twist it, or twirl it the facts remain the same !!! Gore is helping destroy AMERICA and getting rich doing it !! WHEW glad I got that out !!

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