Thursday, March 1, 2007

More on "Carbon Offsets"

If you're filthy rich, like Al Gore or his Hollywood limousine liberal buddies, where to you buy carbon offsets that allow you to live a lifestyle that consumes spews 20 times as much carbon as the average family? Well, in the case of Algore, he buys them from himself.

Bill Hobbs has the rest of the story.

So far, so good. So, where does Gore buy his ‘carbon offsets’? According to The Tennessean newspaper’s report, Gore buys his carbon offsets through Generation Investment Management. a company he co-founded and serves as chairman:
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…
As co-founder and chairman of the firm Gore 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.


Will someone tell my how this story is different from a televangelist getting caught in a motel room with a whore?

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