The Al Gore enviro money-go-round

hat tip Boing Boing

An ex-Enron employee has written a book called Red Hot Lies about how Global Warming Alarmists use threats, fraud and deception to keep us all mis-informed.

Red Hot Lies, is an angry denunciation of “green” lobbyists who have a vested interest in subsidies for alternative energy. High on his list is Al Gore. He wants to know how Gore’s Alliance for Climate Protection came up with $300 million for a public education campaign, and what the donors of this huge sum may be hoping to gain in return. During a 60 Minutes episode, Gore refused to reveal their names.

According to an estimate by Bloomberg News, Gore was worth about $2 million when he left office; but Fast Company reported that after pursuing his new career as an environmental activist for a few years, his net worth had grown to more than $100 million. He is a partner in Kleiner Perkins, which is putting $1.2 billion into “green” technologies that are unlikely to be profitable unless they receive government subsidies. He has put $35 million of his own money into Capricorn Investment Group LLC, a hedge fund that invests in eco-friendly products. During a speech at a TED conference, Gore stated that he also owns stock in numerous startups developing solar power, geothermal power, and fuel cells. (My source for these statements is here). Therefore, apparently he will be enriched by legislation favoring alternate energy. While we may respect his sincere belief in anthropogenic global warming, we may also note that he has a huge conflict of interest.

Charles Platt who wrote the Boing Boing post reviewing the book has drawn a diagram to look at how Al Gore enriches himself.

Al Gore's enviro money-go-round

59%
×