The First Carbon Billionaire

Photo: Courtesy of prisonplanet.com

Photo: Courtesy of prisonplanet.com

About a month ago or so Al Gore had one of his Global warming/Inconvenient Truth seminars in Panama City. His appearance coincided with the burial day of former Panamanian president Guillermo Endara, a national mourning day.

I participated in some online forums debating the facts on whether Mr Gore should have rescheduled his appearance on a such emotional day or not.

The online talks soon turned on the validity,intentions and motives  behind Mr Gore’s personal crusade. I must admit that I supported the opinion that portrayed Mr Gore as a modern-day save-the-planet-evangelist despite overwhelming opinions to the contrary.

I recently stumbled upon an eye opening article in the prisonplanet.com website that dispelled a lot of illusions I had regarding Al Gore and his “truths”. Here is an excerpt from his article:

Paul Joseph Watson
Prison Planet.com
Tuesday, November 3, 2009

The New York Times has lifted the lid on how Al Gore stands to benefit to the tune of billions of dollars if the carbon tax proposals he is pushing come to fruition in the United States, while documenting how he has already lined his pockets on the back of exaggerated fear mongering about global warming.

As is to be expected, the article is largely a whitewash and takes an apologist stance in defense of Gore.

However, the NY Times‘ John M. Broder does reveal how one of the companies Gore invested in, Silver Spring Networks, recently received a contract worth $560 million dollars from the Energy Department to install “smart meters” in people’s homes that record (and critics fear could eventually regulate) energy usage.

“Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years,” states the report, highlighting the fact that Gore is “well positioned to profit from this green transformation, if and when it comes.”

“Critics, mostly on the political right and among global warming skeptics, say Mr. Gore is poised to become the world’s first “carbon billionaire,” profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in,” writes Broder.

Since he left office, Gore’s personal net worth has skyrocketed on the back of his advocacy for global warming issues and the financial dividends this has reaped. Gore’s assets totaled less than $2 million in 2001 and although he refuses to give a figure for his current net worth, a recent single investment of $35 million in Capricorn Investment Group, a private equity fund, illustrates just how fast Gore has enriched himself from his climate change bandwagon.

Read the full article, here

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