When Al Gore pulled back in the presidential election race against Bush, was that a noble gesture or just the agreement achieved for his personal little fortune? The most money as far as I could see he made right after he pulled out of the presidential race, creating this hype about global warming. I do not doubt at all that we poison the environment but nevertheless its evident that the earth has its cyclical CO2 highs which is much more correlated to the sunspot activity when to human behaviour. as far as I could find out and the danger is rather a global cooling than a global warming effect.
I've never bought into the "global warming" story Gore tried to sell us as he just seems to have build up a huge lobbyist story which he wants to harvest now by partnering with Goldman. On a pure speculative level I even might assume that this story might have been sponsored by Goldman all the way along as it seems since his partnership with Blood started way back in 2004. Given the proven track record of the way Goldman webs itself into more and more parts by spinning out business the moral background of this operation is highly obscure to say the least.
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Just as the stock market may be headed for doom and unwinding into a bottom like we have not seen in our lifetimes, so is the Earth pushed to the limit and ready to break. So Al Gore can suck it.
Add to this the interesting fact that Al Gore is in it for the money (with the help of our friends at Goldman Sachs, of course!) and you can see why I don't buy it. Pfft.
Via Investor's Business Daily, Al Gore's real objective exposed - should we be all that surprised to find this too reeks of Goldman? Nah:
Last Friday, Gore was the star witness at the hearings on cap-and- trade legislation before the House Energy and Commerce Committee. Blackburn asked Gore about Kleiner-Perkins, noting that at last count they "have invested about a billion dollars invested in 40 companies that are going to benefit from cap-and-trade legislation that we are discussing here today."
Blackburn then asked the $100 million question: "Is that something that you are going to personally benefit from?" Gore gave the stock answer that "the transition to a green economy is good for our economy and good for all of us, and I have invested in it but every penny that I have made I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge."
Last May, we also noted that on March 1, Gore, while speaking at a conference in Monterey, Calif., admitted to having "a stake" in a number of green investments that he recommended attendees put money in rather than "subprime carbon assets" such as tar sands and shale oil.
He also is co-founder of Generation Investment Management, which sells carbon offsets that allow rich polluters to continue with a clear conscience. It's a scheme that will make traders of this new commodity rich and Bernie Madoff look like a pickpocket. The other founder is former Goldman Sachs partner David Blood.
As Stephen Milloy, author of "Green Hell," points out, Goldman Sachs is lobbying for climate change legislation and is part owner of the Chicago Climate Exchange, where carbon credits from cap and trade would be traded.
"Subprime carbon assets" bwhahahaha. That's classic. Al Gore did not invent the Internet, the Earth is screwed, and everything stinks of Goldman's not-so-invisible hand. Good times! At least we know what sort of "green" our buddy Al is in it for.
Some thoughtful links on Al Gore and the GS connection (is there no end to how far Goldman's claws reach into America? Suppose not):
10 questions to ask Al Gore
Why'd he deny the Goldman connection in the first place? ("guilt by association" isn't a good excuse when you're talking about GS, AG! WTF!)
Are "carbon swaps" the next derivative scam and did Gore engineer a crisis with Goldman's help?
What is the next "inconvenient truth" and why does it like everything else sour these days reek of Goldman Sachs?!
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David Blood
Senior Partner
David Blood is the Senior Partner of Generation Investment Management, a London-headquartered fund management business dedicated to long term investment and integrated sustainability research. Prior to co-founding Generation, David Blood served as the co-CEO and CEO of Goldman Sachs Asset Management ("GSAM") from 1999 to 2003. His responsibilities included all aspects of the global business including portfolio management, sales and client service, risk management and infrastructure (approximately 1,600 people and $325 billion in assets under management). From 1985 to 1999, Mr. Blood served in various positions at Goldman Sachs Group, Inc., including Head of European Asset Management, Head of International Operations, Technology and Finance, Treasurer of the Goldman Sachs Group, L.P. and Head of Global Private Capital Markets. Mr. Blood was the first recipient of the John L. Weinberg Award in 1990, an award given to a professional in the investment banking division who best typifies Goldman Sachs' core values. Mr. Blood received a B.A. from Hamilton College in Clinton, New York and an M.B.A. from the Harvard Graduate School of Business. He is a member of the Board of Trustees of Hamilton College, Social Finance, New Forests and SHINE. He is a member of the Investment Committee of the Acumen Fund and serves on the Advisory Board of Bridges Ventures.
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November 09, 2004
Al Gore and David Blood Graft Sustainability Research into Traditional Investing Analysis
by William Baue
The former US vice president and the former Goldman Sachs CEO launch a new investment firm whose research team fully integrates sustainability with fundamentals.
SocialFunds.com -- Sustainable and responsible investing (SRI), also known as socially responsible investing, has increasingly been gaining a toehold in the mainstream since the Institutional Investor Summit on Climate Risk at the United Nations co-chaired by former US Vice President Al Gore last year. Yesterday, Mr. Gore helped move sustainability investing a significant step forward, placing its feet firmly in the mainstream by launching Generation Investment Management, a firm that will fully integrate sustainability research into its fundamental equity analysis.
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