$300 Million of Hot Air from Al Gore

If you enjoy being lectured by Al Gore, you’re going to love this: The global warming prophet announced he’s going to subject the American viewing public to $300 million in propaganda about climate change. An article in The Politico says Gore’s Alliance for Climate Protection is producing a TV commercial featuring Pat Robertson and Al Sharpton

sitting on a couch on the beach. In the ad…they say that while they may not agree on many things, they do agree that they have to work to save the planet.

A future couple in the “strange bedfellows” or “unlikely alliances” spots will be recorded soon: Democratic House Speaker Nancy Pelosi and Republican former House Speaker Newt Gingrich.

Does $300 million sound like a lot of money? It does, except when you consider how much more Gore stands to personally profit from the climate of mass hysteria he’s been been helping to create with a no-holds-barred campaign of misinformation aimed at marginalizing and ostracizing all those who dare to question his take on global warming.

As we reported in the August 2007 issue of Foundation Watch (“Al Gore’s Carbon Crusade: The Money and Connections Behind It,” by Deborah Corey Barnes), with help from friends at Goldman Sachs, including Hank Paulson, the investment bank’s former CEO who is now the U.S. Secretary of the Treasury, Gore has established a network of organizations to promote the so-called climate crisis and keep himself in the spotlight.

Gore himself is chairman and founder of a private equity firm called Generation Investment Management (GIM). According to Gore, the London-based firm invests money from institutions and wealthy investors in companies
that are going green. GIM appears to have considerable influence over the major carbon credit trading firms that currently exist: the Chicago Climate Exchange (CCX) in the U.S. and the Carbon Neutral Company CNC) in Great Britain. CCX is the only firm in the U.S. that claims to trade carbon credits.

If carbon emissions trading ever comes to the United States, Al Gore will be uniquely positioned to cash in. As a politician, Gore speaks warmly of transparency. But as GIM chairman, Gore has not been forthcoming. Little is known about his shadowy firm’s finances, where it gets funding and what projects it supports.

Meanwhile, Gore’s Alliance for Climate Protection is pushing for tougher environmental regulations on the private sector. It wants “cap-and-trade” legislation so that companies will be forced to lower their greenhouse gas emissions and buy carbon credits.

If Gore can keep up the pressure for carbon emissions restrictions, he could end up a very wealthy man. Given that, the $300 million doesn’t seem like a lot of money after all.

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