The Great Global Warming Swindle

Quote from Lucrum:

BINGO!
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If someone told me that Al Gore was a savvy investor and brillant marketer since leaving office - I would sit there and agree with them. He certainly has created his own fortune.

Trying to make Al Gore out as some type of saint of the environmental movement is simply absurd.
 
Quote from gwb-trading:

If someone told me that Al Gore was a savvy investor and brillant marketer since leaving office - I would sit there and agree with them. He certainly has created his own fortune.

Trying to make Al Gore out as some type of saint of the environmental movement is simply absurd.
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But without his contacts in government he would still just be your normal loudmouth.

He has manipulated our tax dollars into his own pocket by lying about AGW and getting Obama and other democraps to approve tax money for his ventures.

I honestly think he wants to screw the American people because he thinks we screwed him out of the presidency.
 
Quote from gwb-trading:

It's time to discuss the hundreds of millions that Al Gore made via his global warming hedge funds.

Generation Investment Management (GIM) was co-founded in 2004 by David Blood and Al Gore. Website - http://www.generationim.com/

Generation Global Equity Fund has $6 Billion in assets under management in early 2011 and is said to return more than 50% during the 12 months ending in March 2010.
http://www.insidermonkey.com/hedge-fund/generation+investment+management/146/

Filings indicate that for an non-operational role, Al Gore gets 0.5% of assets under management each year and 5% of the profits. This amounts $30 Million each year in asset under management fees and an average of $60 Million each year in performance fees over the life of the fund (it has had an average of a 19% return). Of course, these fees have built up over time as the fund grew after inception in 2004.

The fund was established in 2004 before he departed on his "Inconvenient Truth" film and tour in 2006 with the obvious intent of creating a scare that would drive money to the fund and it's carbon credit trading schemes. IMDb - Inconvenient Truth: http://www.imdb.com/title/tt0497116/

In 2008, Al Gore invests $35 million with the Capricorn Investment Group. "That’s a big wad of cash for someone who reported barely $2 million in assets in 2000, when his job as vice president came to an end."
http://dealbook.nytimes.com/2008/03/06/al-gores-big-investment/

Al Gore’s Inconvenient Loot
http://riehlworldview.com/2007/03/al_gores_inconv.html

Al Gore has thrived as green-tech investor
http://articles.washingtonpost.com/...02345_1_clean-energy-clean-tech-firms-al-gore
"Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million." (Actually other news reports indicate his wealth in 2012 was over $250 Million before getting $100M more in his recent Current TV deal.)

You can make the case that Al Gore is a very savvy business person who has generated out-sized returns for investors and signficant wealth for himself. The reality is his fund can more properly be described as "Green Cronyism". Since 2008, most of the firms invested in by the fund had funding from the Obama administration. Of the 11 companies he mentioned in his 2008 slide show (e.g. Iberdrola Renovables), nine received or directly benefited from stimulus or clean energy funding.

The Obama administration also supported the carbon credit trading scheme that makes a significant amount of the fund's trading profits.

Bottom Line: Al Gore creates a hedge fund where he has no day-to-day operational role and then pushes the "Inconvenient Truth" to drive money for the fund. It is hard to made the case that Al Gore is driven by personal charity, true environmentalism (how about all those jet rides) or any type of real belief about 'global warming' --- it is all about making money... something he has been very successful at since leaving office.
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This is typical what the denialists fall back on as their arguments are defeated.

"An ad hominem (Latin for "to the man"), short for argumentum ad hominem, is an argument made personally against an opponent instead of against their argument. Ad hominem reasoning is normally described as an informal fallacy, more precisely an irrelevance."

Al Gore could buy all the coal plants, lie through his teeth about AGW and emit more CO2 than Russia and it still would not change anything about the reality of AGW.
 
Quote from futurecurrents:

This is typical what the denialists fall back on as their arguments are defeated.

"An ad hominem (Latin for "to the man"), short for argumentum ad hominem, is an argument made personally against an opponent instead of against their argument. Ad hominem reasoning is normally described as an informal fallacy, more precisely an irrelevance."

Al Gore could buy all the coal plants, lie through his teeth about AGW and emit more CO2 than Russia and it still would not change anything about the reality of AGW.
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This is a post from a guy who demanded proof earlier that Al Gore has earned hundreds of millions of dollars off of 'global warming'. I post the proof all in a single post and you simply deflect by calling it an 'ad hominem' attack.

Whatever...

P.S. - the reality of man-made global warming is that it does not exist. But it will probably understand this in 40 years when it become obvious to everyone that it is a complete fraud.
 
Quote from gwb-trading:

This is a post from a guy who demanded proof earlier that Al Gore has earned hundreds of millions of dollars off of 'global warming'. I post the proof all in a single post and you simply deflect by calling it an 'ad hominem' attack.

Whatever...

P.S. - the reality of man-made global warming is that it does not exist. But it will probably understand this in 40 years when it become obvious to everyone that it is a complete fraud.
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I'm sure that futurecurrents just likes to argue and needs the attention. It is pointless to continue to engage him in discussion about climate. I've decided to stop.

I believe that AGW does not exist and I don't think that we are responsible for convincing someone who is effectively a religious zealot that he is wrong. FC is entitled to his opinion and the best thing that could happen here in P&R is for folks to cut him off from the attention he craves. Let him proselytize and wring his hands all he wants.

As far as carbon taxes my personal intention is to pass any and all carbon related taxes back to the government when I bill them for engineering services. I know that effectively means that the public will have to pay my share of the carbon tax but since the November election I've become comfortable with that idea. I never thought I would be a scofflaw or a tax dodger but the deliberate erosion of the second amendment and imminent introduction of a carbon tax is effectively forcing my hand.
 
Quote from futurecurrents:

^That's pretty brave to have an opinion counter to every science organization in the world. You guys must be samrt.
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Actually I find it funny as hell when you get all snobbishly indignant and tell me how dumb I am.

It's like having the kids who rode the short bus hurling insults.
 
Quote from futurecurrents:

^That's pretty brave to have an opinion counter to every science organization in the world. You guys must be samrt.
More...

Consensus does not equal Correctness.

600 Years ago 97% of scientists thought the world was flat.
 
Geez gwb, dont you know the cardinal rule of liberalism, that liberals never haver ulterior motives? Remember, they are the good guys who are trying to save us from our incompetent selves, and if they just so happen to make a few billion, while expanding government along their righteous journey, well thats just gravy.

Quote from gwb-trading:

It's time to discuss the hundreds of millions that Al Gore made via his global warming hedge funds.

Generation Investment Management (GIM) was co-founded in 2004 by David Blood and Al Gore. Website - http://www.generationim.com/

Generation Global Equity Fund has $6 Billion in assets under management in early 2011 and is said to return more than 50% during the 12 months ending in March 2010.
http://www.insidermonkey.com/hedge-fund/generation+investment+management/146/

Filings indicate that for an non-operational role, Al Gore gets 0.5% of assets under management each year and 5% of the profits. This amounts $30 Million each year in asset under management fees and an average of $60 Million each year in performance fees over the life of the fund (it has had an average of a 19% return). Of course, these fees have built up over time as the fund grew after inception in 2004.

The fund was established in 2004 before he departed on his "Inconvenient Truth" film and tour in 2006 with the obvious intent of creating a scare that would drive money to the fund and it's carbon credit trading schemes. IMDb - Inconvenient Truth: http://www.imdb.com/title/tt0497116/

In 2008, Al Gore invests $35 million with the Capricorn Investment Group. "That’s a big wad of cash for someone who reported barely $2 million in assets in 2000, when his job as vice president came to an end."
http://dealbook.nytimes.com/2008/03/06/al-gores-big-investment/

Al Gore’s Inconvenient Loot
http://riehlworldview.com/2007/03/al_gores_inconv.html

Al Gore has thrived as green-tech investor
http://articles.washingtonpost.com/...02345_1_clean-energy-clean-tech-firms-al-gore
"Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million." (Actually other news reports indicate his wealth in 2012 was over $250 Million before getting $100M more in his recent Current TV deal.)

You can make the case that Al Gore is a very savvy business person who has generated out-sized returns for investors and signficant wealth for himself. The reality is his fund can more properly be described as "Green Cronyism". Since 2008, most of the firms invested in by the fund had funding from the Obama administration. Of the 11 companies he mentioned in his 2008 slide show (e.g. Iberdrola Renovables), nine received or directly benefited from stimulus or clean energy funding.

The Obama administration also supported the carbon credit trading scheme that makes a significant amount of the fund's trading profits.

Bottom Line: Al Gore creates a hedge fund where he has no day-to-day operational role and then pushes the "Inconvenient Truth" to drive money for the fund. It is hard to made the case that Al Gore is driven by personal charity, true environmentalism (how about all those jet rides) or any type of real belief about 'global warming' --- it is all about making money... something he has been very successful at since leaving office.
More...
 
Quote from gwb-trading:

Consensus does not equal Correctness.

600 Years ago 97% of scientists thought the world was flat.
More...

No, quite early on the scientists and scholars and especially the sailors of the day knew the earth was round. It was only the ignorant masses that could not get their minds around the idea. Sort of like the way the moron denialists are today about AGW.

Also the AGW thing today is just common sense. CO2 levels are up 35% form the burning of fossil fuels and CO2 is a greenhouse gas. Can you put 2 and 2 together?
 
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