Al Gore could become world’s first carbon billionaire

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This is all about looting the taxpayer and the New World Order and not about science:

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Al Gore, the former US vice president, could become the world’s first carbon billionaire after investing heavily in green energy companies.

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Al Gore: Al Gore could become world’s first carbon billionaire Photo: AP

Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.

Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy as Mr Gore. And few have put as much money behind their advocacy and are as well positioned to profit from this green transformation, if and when it comes.

Critics, mostly on the political right and among global warming sceptics scientists and even more scientists, 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.

Representative Marsha Blackburn, Republican of Tennessee, has claimed that Mr Gore stood to benefit personally from the energy and climate policies he was urging Congress to adopt.

Mr Gore had said that he is simply putting his money where his mouth is.

“Do you think there is something wrong with being active in business in this country?” Mr. Gore said. “I am proud of it. I am proud of it.”

Published: 7:00AM GMT 03 Nov 2009

Source: The Telegraph

Related information:

What happened to global warming? The warmest year recorded globally was 1998 (BBC News)

Global Warming Expert Prof. Latif: Earth has not warmed for nearly a decade and that we are likely entering “one or even two decades during which temperatures cool.” (The Calgary Herald)

Solar Physicist Predicts Ice Age: “SOLAR CYCLE 24 HAS NOW GONE CLEARLY BELOW DALTON LEVEL.” (The Examiner)

The Great Global Warming Swindle (Documentary)

Ron Paul: Global Warming Petition Signed by 31,478 Scientists (Lew Rockwell)

NASA Study: Solar Cycle, Not Man, Responsible for Gobal Warming (DailyTech)

Global warming alarmists out in cold (Herald Sun)

Nobody listens to the real climate change experts (The Telegraph)

Climate ‘denial’ is now a mental disorder (Telegraph)

Japan’s boffins: Global warming isn’t man-made (The Register)

Al Gore sued by over 30.000 Scientists for fraud (Video)

World is getting colder: It’s the sun, not CO2, that’s to blame (Washington Times)

Global warning: We are actually heading towards a new Ice Age, claim scientists (Daily Mail)

Scientists find greenhouse gas hysteria to be myth (World Net Daily)

2008 was the year man-made global warming was disproved (Telegraph)

Army: Sun, Not Man, Is Causing Climate Change (Wired)

World might be heading towards Ice Age (Economic Times)

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