GORE’S PROFITS OF DOOM….
Gore’s Profits Of Doom
Posted 11/03/2009 06:37 PM ET
Junk Science: The oracle of climate disaster has a new book out on global warming that should be on the fiction list. He asks us to commit economic suicide while he rakes in millions from his green investments.
‘Our Choice: A Plan to Solve the Climate Crisis,” Al Gore’s sequel to his 2006 tome “An Inconvenient Truth,” came out Tuesday. Printed on recycled paper using low-VOC (volatile organic compound) ink, it will undoubtedly be a best-seller and on the desk of every attendee at next month’s climate change conference in Copenhagen.
In a press release announcing the book, the Oscar- and Nobel Prize-winning former vice president writes: “Now that the need for urgent action is even clearer with the alarming new findings of the last three years, it is time for a comprehensive global plan that actually solves the climate crisis. ‘Our Choice’ will answer that call.”
The book’s cover depicts one of the hurricanes Gore still claims are increasing in frequency and intensity. What has happened in the past three years is that such claims have been thoroughly debunked as the earth has cooled, possibly for decades hence.
For example, a recent study by researchers at Florida State University determined that the 2007 and 2008 hurricane seasons had the least tropical activity in the Northern Hemisphere in 30 years.
Ryan Maue, co-author of the report released in November 2008 on “Global Tropical Cyclone Activity,” used a measurement called accumulated cyclone energy (ACE) that combines a storm’s duration and its wind speed in six-hour intervals. The years 2007 and 2008 had among the lowest ACE measurements since reliable global satellite data were first available three decades ago.
In a New York Times puff piece the same day Gore’s book was released, “Gore’s Dual Role: Advocate And Investor,” it’s described just how profitable saving the earth can be. Considering the accuracy of Gore’s climate data, his role would be better described as “storyteller and profiteer.”
In November 2007, Gore joined the investment firm Kleiner Perkins Caufield & Byers. The following May the firm announced a $500 million investment in maturing green technology firms called the Green Growth Fund.
The group then announced an additional $700 million to be invested the next three years in green-tech startup firms. But there will be no return on these investments if the green technology business, uh, cools down. The hype and interest must be maintained. Climate change skeptics must be denounced as “deniers.”
Financial disclosure documents released before the 2000 election put the Gore family’s net worth at $1 million to $2 million.
A mere nine years later, estimates put his net worth at about $100 million. Gore’s spokeswoman wouldn’t give a current figure for his net worth, but, according to the Times, “the scale of his wealth is evident in a single investment of $35 million in Capricorn Equity Group,” a Palo Alto, Calif., firm that directs clients to conservation investments, namely environmentally correct products.
Last year, Gore was the star witness at the hearings on cap-and trade-legislation in front of the House Energy and Commerce Committee. Rep. Marsha Blackburn, R-Tenn., asked how a man dedicated to saving the planet could get so wealthy so quickly.
Blackburn noted that Kleiner Perkins at last count had “about $1 billion dollars invested in 40 companies that are going to benefit from cap-and-trade legislation that we are discussing here today.”
Gore replied he was only being a good businessman in a capitalist economy, that he was putting his money where his mouth was.
Perhaps, but at the same time he is advocating policies based on junk science that, while he enriches himself, will devastate the American economy, causing huge losses in jobs, economic growth and GDP.
The American consumer and taxpayer are on the wrong end of his green Ponzi scheme. Somewhere, Bernie Madoff is smiling.
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