Thank you, ConWebBlog, for taking the time to read my recent NewsBusters/Capital Research Center post on the money Al Gore stands to make from the growing global warming industry. (The item was cross-posted here. ) Unfortunately, though, you appear to have missed the point of the post. Let me explain.
In that entry and in the April 1 item (cross-posted here) I wrote that Al Gore, the former Vice President-cum-tycoon who is now worth much more than $100 million, is trying to create an artificial market in the U.S. for the right to generate carbon dioxide emissions. He’s pressing his point through a $300 million advertising campaign and apparently through Google, Inc., where he has served as a senior advisor since 2001.
If he succeeds and carbon trading comes to this country, he will be uniquely positioned to cash in through his involvement in the London-based investment firm, Generation Investment Management LLP (GIM), and through the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers. Both of these firms invest in so-called green industries.
However, for reasons known only to Gore and his handlers, he is now denying the obvious, namely, that he stands to profit from the expansion of carbon trading. This is a patently absurd assertion for Gore to make given that he was the star of An Inconvenient Truth, and is now a fabulously successful businessman who is already knee deep in the global warming industry and who has been profiled in Business Week, Fortune, Fast Company, and in other business media outlets.
It’s as plain as the beard nose on his face. You’ll have to ask Gore why he has become a global warming profit denier. If he tells you, please let me know.
You seemed to have gotten the wrong idea about my views on making money. I believe that capitalism is a wonderful thing.
But when business transactions are predicated on fraudulent premises, that is an entirely different matter.
Global warming, if it’s even happening, isn’t the threat Gore and his fellow climate alarmists make it out to be.
Christopher C. Horner, a Senior Fellow with the Competitive Enterprise Institute and author of the New York Times bestseller, The Politically Incorrect Guide to Global Warming and Environmentalism, notes in a new Capital Research Center report, “The Center for Climate Strategies: How Governors Keep State Legislators Out of the Loop,” that
Global warming activists don’t even have the facts on their side. This flurry of activism comes despite the fact that warming peaked in 1998, there has been no net warming since 2001, and the atmosphere has actually shown a cooling trend of late, according to the government’s own data [microwave sounding unit (MSU) data are available at http://www.atmos.uah.edu/data/msu/t2lt/uahncdc.lt].
People who try to make money by playing the role of Chicken Little and playing up a nonexistent threat are dishonest hucksters.
Speaking of snake-oil salesmen, I noticed from your blog that you are affiliated with Media Matters for America, an in-your-face group headed by admitted serial liar David Brock, and known for its hyperbolic hairsplitting, half truths, and somewhat entertaining sophistry. You might enjoy this profile Rondi Adamson wrote for us on Media Matters last year.