Gore buys carbon credits from himself?

http://www.opinionjournal.com/best/?id=110009730

"The Color of Money
BY JAMES TARANTO

... But how Gore buys his "carbon offsets," as revealed by The Tennessean raises serious questions. According to the newspaper's report, Gore buys his carbon offsets through Generation Investment Management:

Gore helped found Generation Investment Management, through which he and others pay for offsets. The firm invests the money in solar, wind and other projects that reduce energy consumption around the globe . . .

Gore is chairman of the firm and, presumably, draws an income or will make money as its investments prosper. In other words, he "buys" his "carbon offsets" from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn't buy "carbon offsets" through Generation Investment Management--he buys stocks. . . ."

Debunk info please.


Well Done

I totally agree. Gore has done what should be done and there is no regret. we have to always think of alternatives when we face with such a difficult economic crisis like today.

CFD Trading and Financial Spread Betting seems a good alternative but it does have a high risk.


BUYING CARBON CREDITS IS LIKE RUNNING AROUND IN CIRCLES

Consider this:

- People driving SUVs are paying carbon credits, because they believe that their emissions are harmful to our environment, right?

THEY KNOW THEY ARE POLLUTING, RIGHT?

Isn't the solution to just NOT POLLUTE? And to stop whining about their causes unless they are willing to make an INTELLIGENT SACRIFICE?

Because honestly, even if the organization they are paying for the carbon credits IS helping to clean up the environment, DOESN'T THE CONTINUATION OF POLLUTION PUT THOSE CLEANUP EFFORTS INTO A STASIS?

The picture I have in my mind is of PIGPEN from the PEANUTS COMIC STRIP DRIVING A PIGPEN SUV DOWN THE STREET, WHILE A MAID WITH A BROOM AND DUSTPAN FOLLOWS BEHIND, TRYING TO KEEP UP WITH THE MESS.

(I always thought that cleaning up after yourself was what you were supposed to do in a civilized society. I didn't know that somehow by cleaning up after my own mess, I was "making a difference"...)

You end up at a stalemate WHEN THOSE CLEANUP FUNDS COULD HAVE BEEN USED SOMEWHERE ELSE - POSSIBLY ON A MORE FUEL-EFFICIENT CAR!?!?!

It boggles my mind the lengths people will go to in order to ASSUAGE THEIR GUILT rather than REALLY MAKE A DIFFERENCE.

In the best-case scenario, all that's happening here is that a few very guilty people have chosen to hire an eco-maid to clean up after themselves.The sad thing here is that WE STILL DON'T HAVE EMPIRICAL EVIDENCE OF WHAT EXACTLY CAUSES GLOBAL WARMING. ALL WE CAN SEE IS THE RESULT, NOT THE CAUSE!


I heard that news but I just

I heard that news but I just can’t agree with you. Yes gore is the chairman of the firm- but the company is completely different entity. I think we need more investment in green energy Moreover AL gore is a great personality and if it was Gore’s intention to earn profit, he has thousands of way to make it. Why on earth he has chosen this way?

investment guide


He is using Native

He is using Native Energy.

http://nativeenergy.com/

And why does it matter if he invests in Generation as well?
Gee, as if we had not known it already.
But himself? Not himself. The company. It's not his money.
If they invest money in green projects more power to them. The government will not pay for it. Wealthy investors will. So what's the problem?

"Gore is chairman of the firm and, presumably, draws an income or will make money as its investments prosper. "

Presumably? And presumably this guy doesn't know what he is talking about.

What does he do with the profit? He pays for more offsets.
Really bad way to create more renewable sources, indeed.

Strange that all these people suddenly hate capitalism when they also bash Gore for being a "socialist" because he wants government action to fight AGW.

"To be blunt, Gore doesn't buy "carbon offsets" through Generation Investment Management--he buys stocks. . . .""

Since when does one rule out the other?
What does Generation do with the money? Invest it in green projects.
What does Native Energy does with the money? Invest it in green projects.

The difference is that in the first case Gore may or may not receive a profit which then he can invest in more projects (really who wants his own company to grow?)
while in the later case it's Native Energy itself which gets the profit and invest it in more projects.


Is there a release that says

GoreFan's picture

Is there a release that says he uses Native Energy?

I've seen the film/book etc uses it but other then that...


I heard it in an interview

I heard it in an interview in 2006. But I forgot which one was it.

But again: why does it matter which company if the end result is the same?
We need more investment in green energy. Whether it's Native Energy or Generation who cares?
BTW Generation does not sell stocks, as far as I know.

So Gore uses his money to found a company that invests in green energy and that somehow raises serious questions. Because God forbid the company may generate a profit. As if that wasn't the goal of every single company which sells carbon offsets.


Well you know what I think

GoreFan's picture

Well you know what I think but others think that Gore is pushing carbon credits because he can profit from it.


Could they explain why on

Could they explain why on earth Gore chooses this particular way to earn a profit?
Why did he co-found a company which invests in green energy projects?

Could it be that he wants more renewable energy?
And really why would he want that?
And what the hell will he do with the profit? Pay for Britney's rehab or what?

This story is so stupid it could be Bush's advisor.


stand behind you

You have done what should be done.
I'm stand behind you Gore!

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