Thursday, December 13, 2007

Gore Scandal on Carbon Offsets

I wonder how the MSM and Gore Defenders will deal with this?????
Dust my Broom and PomoChristian first alerted me to this link.


Al Gore has been strongly criticized for using more energy in his homes in one month than an average family does in a year. He also has been strongly criticized for the amount of energy used and greenhouse gases spewed by his vehicles and private jets. (In a previous post we compared this to the selling of indulgences).

Gore's has been defended by his acolytes by his initiative to purchase "carbon offsets" to compensate for his home's use of energy from carbon-based fuels. These are provided by third party companies as a service that tries to reduce the net carbon emissions of individuals or organizations indirectly, through proxies who reduce their emissions and/or increase their absorption of greenhouse gases."

According to a report in
The Tennesseean Gore buys his carbon offsets through Generation Investment Management.

The Chairman of Generation Investment Management is Al Gore. Others have reported how in essence, Al Gore is therefore buying Carbon Offsets from himself.

However, the other big story is that is that GIM is not in the Carbon Credits Business!!
Al Gore's Carbon Offsets are being invested in banks, manufacturers (even a few polluters in the bunch). His GIM is purely an investment company that owns shares in the following companies (not a green company in the bunch and none that plant trees or develop windpower sites).
Aflac Inc - Insurance
Aquantive Inc - Digital Marketing
Autodesk Inc - Cad Systems
Becton Dickinson - Medical Supplies
Blackbaud Inc - Fundraising Software
General Electric Co - Conglomerate
Greenhill & Co Inc - Investment Bank
Johnson Ctls Inc - Engineering
Laboratory Corp - Gene Testing
Metabolix Inc - Bio-Plastics
Northern Tr Corp - Bank
Nuveen Invts Inc - Investment Bank
Staples Inc - Office Products
Sysco Corp - Restaurant Food Products
Techne Corp - Biotech Testing Products
Ubs Ag - Bank
Vca Antech Inc - Animal Hospitals
Waters Corp - Lab Testing
Whole Foods Mkt Inc - Food Retailer

I was not surprised to learn this...

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