The Media Ignore Al Gore's Planned Global Warming Profiteering

How is Gore trying to be a climate change profiteer? Essentially, he wants to make a fortune by creating a new market for a product that he is attempting to create by legislative fiat. If he succeeds and carbon emissions trading comes to the United States, Al Gore will be uniquely positioned to cash in. He's made sure of that.

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

As 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 created a web of organizations to promote the so-called climate crisis.

Meanwhile, Gore's Alliance for Climate Protection is pushing for tougher environmental regulations on the private sector. It wants “cap-and-trade” legislation enacted so that companies will be forced to lower their greenhouse gas emissions and buy carbon credits. Untold billions of dollars could be generated in a brand new U.S. carbon market.

When Gore's potential for immense profits is factored in, the $300 million outlay for ads (some of which is likely to come from donations to the Alliance's "We Campaign") seems like a drop in the bucket...

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