Global Warming Plot Thickens: Gore Joins Venture Capital Group
| November 12, 2007 - 17:14 ET
The financial scam involved in advancing climate alarmism got even more obvious Monday - to folks outside of the media, that is! - when Nobel Laureate Al Gore joined "Silicon Valley's most prestigious venture capital firm to guide investments that help combat global warming
As reported by the Associated Press (emphasis added, h/t NBer Wildcatter 1980): "Gore, who won the Nobel Peace Prize last month for his work on climate change, joins Kleiner Perkins Caufield & Byers as it and dozens of other venture firms expand into so-called ‘clean-tech' investments worldwide
Media that have continually ignored the financial aspects of this con will certainly not see the exquisitely delicious irony in the following announcement from the same article:
Also Monday, Kleiner Perkins partner John Doerr announced he's joining the advisory board of Generation Investment Management, the $1 billion investment firm that Gore founded with David Blood, who previously managed $325 billion in assets out of Goldman Sachs'
. Doerr is one of Silicon Valley's most outspoken clean-tech advocates.
Anybody getting a whiff of rodentia yet, or do you need another clue media will surely ignore?
Well, here goes.
On October 3, NewsBusters
a spectacular Human Events
by Deborah Corey Barnes concerning Gore's financial connections to so-called global warming solutions including carbon credits (emphasis added throughout):
[Gore's] 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
that claims to trade carbon credits.
Clearly, GIM is poised to cash in on carbon trading. The membership of CCX is currently voluntary. But if the day ever comes when federal government regulations require greenhouse-gas emitters -- and that's almost everyone -- to participate in cap-and-trade, then those who have created a market for the exchange of carbon credits are in a position to control the outcomes. And that moves Al Gore front and center.
Please recall before going further that Gore's partner at GIM used to be a fund manager at Goldman Sachs:
We do know that Goldman Sachs has commissioned the World Resources Institute (affiliated with CCX), Resources for the Future, and the Woods Hole Research Center to research policy options for U.S. regulation of greenhouse gases. In 2006, Goldman Sachs provided research grants in this area totaling $2.3 million. The firm also has committed $1 billion to carbon-assets projects, a fancy term for projects that generate energy from sources other than oil and gas.
So, add this all up, and Al Gore's investment group is not only connected with one of the world's leading brokerage firms that just so happens to be the preeminent player in carbon trading, but he is also now working for the top venture capital company in Silicon Valley whose partner has reciprocally been placed on the board of Gore's organization.
As such, soon-to-be-billionaire Al Gore has brilliantly structured himself as a virtual financial hub of international investments associated with so-called global warming solutions whereby he'll benefit financially from any hysterical climate claim uttered by a media member, Hollywood sycophant, United Nations climate panelist, or, deliciously, himself
Yet, virtually no journalist is willing to either see it or report it.
Honestly, I'm not sure whether to applaud his ingenuity or weep for the media's stupidity.