|Gore's 'carbon offsets' paid to firm he owns
Critics say justification for energy-rich lifestyle serves as way for former VP to profit
WorldNetDaily | March 02, 2007
Al Gore, self appointed expert on global warming has been purchasing carbon credits in an effort to offset his palatial lifestyle. What he didn't tell us, however, is that the company he is buying the credits from is actually owned by him. Ching, ching...
Al Gore defends his extraordinary personal energy usage by telling critics
he maintains a "carbon neutral" lifestyle by buying "carbon offsets," but
the company that receives his payments turns out to be partly owned and
chaired by the former vice president himself.
Gore has described the lifestyle he and his wife Tipper live as "carbon neutral," meaning he tries to offset any energy usage, including plane flights and car trips, by "purchasing verifiable reductions in CO2 elsewhere."
But it turns out he pays for his extra-large carbon footprint through Generation Investment Management, a London-based company with offices in Washington, D.C., for which he serves as chairman. The company was established to take financial advantage of new technologies and solutions related to combating "global warming," reports blogger Bill Hobbs.
Generation Investment Management's U.S. branch is headed by a former Gore staffer and fund-raiser, Peter S. Knight, who once was the target of probes by the Federal Election Commission and the Department of Justice.
Hobbs points out Gore stands to make a lot of money from his promotion of the alleged "global warming" threat, which is disputed by many mainstream scientists.
"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," Hobbs writes. "To be blunt, Gore doesn't buy 'carbon offsets' through Generation Investment Management – he buys stocks."
As WND reported, Gore, whose film warning of a coming cataclysm due to man-made "global warming" won two Oscars, has a mansion in the posh Belle Meade area of Nashville that consumes more electricity every month than the average American household uses in an entire year, according to the Tennessee Center for Policy Research, citing data from the Nashville Electric Service.
The think tanks says since the release of Gore's film, the former presidential candidate's energy consumption has increased from an average of 16,200 kilowatt-hours per month in 2005, to 18,400 per month in 2006.