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Sunday, March 04, 2007

The Profit of Doom

"Al Gore’s mansion, located in the posh Belle Meade area of Nashville, consumes more electricity every month than the average American household uses in an entire year, according to the Nashville Electric Service (NES). In his documentary, the former Vice President calls on Americans to conserve energy by reducing electricity consumption at home.

The average household in America consumes 10,656 kilowatt-hours (kWh) per year, according to the Department of Energy. In 2006, Gore devoured nearly 221,000 kWh—more than 20 times the national average.

Last August alone, Gore burned through 22,619 kWh—guzzling more than twice the electricity in one month than an average American family uses in an entire year."
The Tennessee Center for Policy Research

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The Profit of Doom

February 28, 2007 (Excerpt-It Gets Worse)
BillHobbs.com

"As the controversy over global warming doomsayer Al Gore's voracious energy-eater mansion rolls on, there's an angle I think merits deeper investigation than it is currently getting. While much of the focus has been on whether or not Gore is an environmental hypocrite, the story has raised the profile of the role of "carbon offsets" in achieving a "greener," more environmentally friendly world.

In its original story, The Tennessean reported that Gore buys "carbon offsets" to compensate for his home's use of energy from carbon-based fuels. As Wikipedia explains, a carbon offset "is a service that tries to reduce the net carbon emissions of individuals or organizations indirectly, through proxies who reduce their emissions and/or increase their absorption of greenhouse gases."

Wikipedia goes on to explain that "a wide variety of offset actions are available; tree planting is the most common. Renewable energy and energy conservation offsets are also popular, including emissions trading credits."

So far, so good. But how Gore buys his "carbon offsets," as revealed by The Tennessean raises serious questions. According to the newspaper's report, Gore buys his carbon offsets through Generation Investment Management:

Gore helped found Generation Investment Management, through which he and others pay for offsets. The firm invests the money in solar, wind and other projects that reduce energy consumption around the globe...

Gore is chairman of the firm and, presumably, draws an income or will make money as its investments prosper. In other words, he "buys" his "carbon offsets" from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn't buy "carbon offsets" through Generation Investment Management - he buys stocks."
BillHobbs.com

Since the market for carbon offsets has collapsed (the idea of using someone else's carbon offsets rather than reducing your own waste of energy makes no sense anyway) this whole scheme is a way for celebrities and the ultra-rich to assuage their guilt and pretend to the world that they are really energy-conscientious.

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4 Comments:

At 6:38 AM, Anonymous Joe said...

We always knew that Al was sneaky, didn't we? He's still whining about losing the election, like he got cheated out of it. After all these years, Al is still a "Sore Loserman". As it turns out though, the best man won the election and Al has taken it upon himself to be the savior of mankind in his relentless fight against Global Warming, and the perils we face if we don't act on it pronto. After all,--Al has been setting a great example by making some big sacrifices in his own use of energy. If you believe that, I have some prime waterfront real estate property that I can sell you in the Mohave desert, real cheap.

 
At 8:45 AM, Anonymous steve said...

There you have it then - further proof that global warming is just made up.

 
At 2:37 PM, Blogger RussWilcox said...

Gore proclaimed Global Warming to be a moral issue. It isn't. If it were, he comes off as the world's biggest hypocrite. It's a scientific issue, and the science is flawed.

 
At 9:30 AM, Anonymous steve said...

I'm no defender of Al Gore, cannot stand him, hypocrite he is.
Regardless, you do not condemn the issue or take away any merit because of him (or Kyoto, or financial impact, or because Hollywood supports the cause, or because more Democrats than Repuplicans for some reason or because environmentalists support action)

 

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