Friday, April 11, 2008

Gore Admits profiting from his green propheteering

For years, NewsBusters has reported on Al Gore's financial interests in advancing global warming hysteria around the world. Now Albert Gore, Jr., admitted that he has a conflict of interest. He recommends investments that he profits from. Confession is only the first step, Albert. Now you have to determine that you will profit no more. Promise. Gore Admits Financial Gain from Advancing Global Warming Hysteria -
On March 1, while speaking at the TED Conference in Monterey, California, the Nobel Laureate admitted to having "a stake" in a number of green "investments" that he recommended attendees put money in rather than "sub-prime carbon assets" like "tar sands" and "shale oil." This occurred as pictures of such products appeared on the screen with names of the companies involved (video available here, relevant section begins at minute 15:00. "There are a lot of great investments you can make. If you are investing in tar sands, or shale oil, then you have a portfolio that is crammed with sub-prime carbon assets. And it is based on an old model. Junkies find veins in their toes when the ones in their arms and their legs collapse. Developing tar sands and coal shale is the equivalent. Here are just a few of the investments I personally think make sense. I have a stake in these so I’ll have a disclaimer there. But geo-thermal concentrating solar, advanced photovoltaics, efficiency, and conservation. " As Gore spoke these words, pictures of electric cars, windmills and solar panels appeared in multiple slides on the screen with company names at the bottom such as Amyris (biofuels), Altra (biofuels), Bloom Energy (solid oxide fuel cells), Mascoma (cellulosic biofuels), GreatPoint Energy (catalytic gasification), Miasole (solar cells), Ausra (utility scale solar panels), GEM (battery operated cars), Smart (electric cars), and AltaRock Energy (geothermal power).

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