Media Ignore Al Gore’s Financial Ties to Global Warming
By Noel Sheppard
March 2, 2007 - 10:58 ET
reported, there are huge dollars to be made from global warming alarmism.
However, conceivably no one is better positioned to financially benefit from
this scam than Dr. Global Warming himself, former Vice President Al Gore, a
fact that the media will surely not share with Americans any time soon.
As reported by Dan Riehl (emphasis mine throughout):
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.
Think Katie, Charlie, or Brian will be all over this tonight? Regardless, that was just the tip of the questionably melting iceberg as reported by Bill Hobbs in Nashville, Tennessee:
How 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. Isn't that special?
Yet, it is not clear that Gore's money is going to purchase carbon offsets at all. Riehl reported:
Here's a list indicating what it takes to make money along with Al. Funds associated with these companies have placed millions of dollars under Al Gore's control.
And, as you'll see below, Gore's selection for the US President of GIM might raise a few eyebrows as well.
AFLAC INC - AQUANTIVE INC - AUTODESK INC - BECTON DICKINSON & CO BLACKBAUD INC - GENERAL ELECTRIC CO - GREENHILL & CO INC - JOHNSON CTLS INC - LABORATORY CORP AMER HLDGS - METABOLIX INC - NORTHERN TR CORP - NUVEEN INVTS INC -STAPLES INC - SYSCO CORP - TECHNE CORP - UBS AG - VCA ANTECH INC - WATERS CORP - WHOLE FOODS MKT INC
According to their own documents, GIM intends to invest in, or buy companies poised to cash in on Global Warming concerns. Putting this in perspective, for years the left and their media minions have posited that George W. Bush started war with Iraq to benefit the company Vice President Dick Cheney used to run, Halliburton, as well as Bush's oil tycoon friends. In fact, there have been times when you couldn't swing a dead cat in any pressroom in this nation without hitting a reporter working on such a story.
Yet, as the former Vice President continues to plug global warming as a coming crisis in need of immediate attention, the same media completely ignore his obvious financial conflicts of interest. No liberal media bias there.
However, as Riehl pointed out, this story is even juicier:
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.
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.
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?
Riehl marvelously concluded:
If Al Gore is successful with this latest scheme, Gore and his cronies are going to be much more $green$ than most of the earth. And the only green in this for you and me is the kind that accompanies envy as Gore trucks around on private jets putting dollars to offset his extravagance into a cash machine generating profits on the backs of the middle class with misrepresented science that doesn't deserve to be called science at all.
Meanwhile, a complacent media, rather than hounding Gore over his financial conflicts of interest, continue to shill for this conman's junk science.
When you add it all up, this is a flimflam of epic proportions:
America -- what a country!
—Noel Sheppard is the Associate Editor of NewsBusters.