Tuesday, October 09, 2007

What "Living Green" Means to Al Gore

Deborah Corey Barnes wrote an article which recently appeared on HumanEvents.com that shows exactly which "green" Al Gore is trying hard to generate -- and as you'd expect, it's the color of money.

The money is created by the buying and selling of "carbon offsets." The government would establish arbitrary caps on greenhouse gases for each company. If a company exceeds the amount the government set, it could pay a fine or "buy" pollution credits from another company; if it is under the limit, it could sell the remaining pollution credits to someone else.

What this trading does is create an "emissions market" for traders and brokers to deal in pollution credits. One company already engaged in such activites is Generation Investment Management (GIM), whose chairman and founder is Al Gore.

According to Gore, the London-based firm invests money from institutions and wealthy investors in companies that are going green. “Generation Investment Management, purchases -- but isn’t a provider of -- carbon dioxide offsets,” said spokesman Richard Campbell in a March 7 report by CNSNews.

Read the article to get an idea of the complex regulatory hijinks Gore & Co. are pulling, in order to cash in. If you've ever wondered where Al Gore got his zeal for this global warming stuff, this will help you answer that question.

1 comment:

Anonymous said...

I just wonder if this is a snowball that can be stopped... or at least derailed a little...mw