Sunday, March 04, 2007

Gore's Fans and Investments

Saturday March 3rd the Detroit Free Press had 5 LTEs praising an article in Friday's Mar. 2nd paper showing how Al Gore's house is actually run on green power. One letter writer even said that Al bought "only green energy, which is carbon neutral. It is generated from hydroelectric plants, solar energy and wind power."

Notice how the writer uses the word it. He is speaking of green energy not Gore's actual usage. A casual reader could easily be misled into thinking those forms of energy are what Gore is actually using. Another point is that suddenly, hydroelectric power is green. I guess all those law suits by all those green groups to stop the building of dams for--you know, hydroelectric power--must be a figment of my imagination. I mean, green groups couldn't possibly be against green energy now could they?

The Friday article quoted Gore spokeswoman Kalee Kreider as saying "...the Gores fugure out how much global warming carbon dioxide is emitted from making the electricity for their house, and then invest an equivelent amount in renewable energy projects.
They also use energy-saving light bulbs, drive a Lexus hybrid SUV and are having solar-energy panels installed on the home, she said."

It's nice that Gore can make up for the energy he uses. I don't care how much he wastes as long as he is paying for it. But what about other Americans who can't afford to make up for their foot print? How can Gore demand everyone reduce their usage when his is so huge?

And what is the nature of Mr. Gore's green investments? In an interesting article by Mark Steyn in the Chicago Sun-Times (hat tip to Matt May) Mark says:

"Al buys his carbon offsets from Generation Investment Management LLP, which is "an independent, private, owner-managed partnership established in 2004 and with offices in London and Washington, D.C.," that, for a fee, will invest your money in "high-quality companies at attractive prices that will deliver superior long-term investment returns." Generation is a tax-exempt U.S. 501(c)3. And who's the chairman and founding partner? Al Gore."

So Al is buying his special permissions (carbon offsets) from himself. No wonder he's so gung-ho on global warming! He wants others to reduce their emissions by sacrificing their lifestyles so he can buy their offerings (offsets). I am reminded of Ayn Rand's advice that we shouldn't bother to examine a folly, but ask who stands to gain? Now we know.

Update:
Fred Singer at SEPP has a post on Gore's investments. It's long but as Fred says "meaty."
Post a Comment