Comedian Michael Loftus, host of the new TV show "The Flipside" goes on an extended rant about how people who supposedly believe in the upcoming end of the world brought on by global warming primarily seem interested in just making money for themselves.
Foundation WatchAl Gore’s Carbon CrusadeThe Money and Connections Behind It
By Deborah Corey Barnes | Aug 2007
Former Vice President Al Gore’s crusade against carbon dioxide emissions could make him millions of dollars. With help from friends at Goldman Sachs, Gore has established a network of organizations to promote the “climate crisis”—and keep himself in the spotlight. Gore’s crusade already has had an enormous impact on corporate decision-making and government policies. But how will it affect his personal and political fortunes?......CLARIFICATION: The article indicated that Henry (Hank) Paulson, the Goldman Sachs CEO who later became U.S. Treasury Secretary, was “co-founder” of Generation Investment Management (GIM). Paulson played a role in the creation of GIM, but the firm does not identify him as a co-founder.
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"On March 1, while speaking at the TED Conference in Monterey, California, the Nobel Laureate admitted to having "a stake" in a number of green "investments" that he recommended attendees put money in rather than "sub-prime carbon assets" like "tar sands" and "shale oil."
This occurred as pictures of such products appeared on the screen with names of the companies involved (video available here, relevant section begins at minute 15:00, h/t NBer Sick-and-Tired):
There are a lot of great investments you can make. If you are investing in tar sands, or shale oil, then you have a portfolio that is crammed with sub-prime carbon assets. And it is based on an old model. Junkies find veins in their toes when the ones in their arms and their legs collapse. Developing tar sands and coal shale is the equivalent. Here are just a few of the investments I personally think make sense. I have a stake in these so I’ll have a disclaimer there. But geo-thermal concentrating solar, advanced photovoltaics, efficiency, and conservation.
As Gore spoke these words, pictures of electric cars, windmills and solar panels appeared in multiple slides on the screen with company names at the bottom such as Amyris (biofuels), Altra (biofuels), Bloom Energy (solid oxide fuel cells), Mascoma (cellulosic biofuels), GreatPoint Energy (catalytic gasification), Miasole (solar cells), Ausra (utility scale solar panels), GEM (battery operated cars), Smart (electric cars), and AltaRock Energy (geothermal power).
As such, like an investment advisor or stock broker giving a seminar to prospects and clients, Al Gore was actively recommending people put money in companies he already has a financial stake in.
Read more: http://newsbusters.org/blogs/noel-sheppard/2008/04/11/gore-admits-financial-stake-advancing-global-warming-hysteria#ixzz1EcJGtIL8
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