"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. And few have put as much money behind their advocacy as Mr. Gore and are as well positioned to profit from this green transformation, if and when it comes."
For years I have personally challenged mainstream media outlets to admit how much money Nobel Laureate Al Gore HAS and WILL make by spreading global warming hysteria.
On Tuesday, the New York Times will feature a front page story that discusses exactly that.
Readers are strongly encouraged to strap themselves in tightly, for the Times' John Broder is about to take them on a journey beyond their wildest dreams:
Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses.
Mr. Gore and his partners decided to back the company, and in gratitude Silver Spring retained him and John Doerr, another Kleiner Perkins partner, as unpaid corporate advisers.
The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants. Of the total, more than $560 million went to utilities with which Silver Spring has contracts. Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years.
What? Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years?
I thought Gore was doing all this out of the goodness of his heart to save the planet. You mean he actually could benefit financially?
Knock me over with a feather. Who would have thought it?
But it gets better...MUCH better:
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. And few have put as much money behind their advocacy as Mr. Gore and are as well positioned to profit from this green transformation, if and when it comes.
What? Few have put as much money behind their advocacy as Mr. Gore and are as well positioned to profit from this green transformation, if and when it comes?
You're kidding, right? This can't POSSIBLY be?
Alas, it is:
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.
Representative Marsha Blackburn, Republican of Tennessee, asserted at a hearing this year that Mr. Gore stood to benefit personally from the energy and climate policies he was urging Congress to adopt.
Mr. Gore says 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.”
In an e-mail message this week, he said his investment activities were consistent with his public advocacy over decades. [...]
Mr. Gore has invested a significant portion of the tens of millions of dollars he has earned since leaving government in 2001 in a broad array of environmentally friendly energy and technology business ventures, like carbon trading markets, solar cells and waterless urinals.
The Times then told readers EXACTLY what NewsBusters has been reporting for years:
He is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore). Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said. [...]
Mr. Gore’s spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay. [...]
He has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.
So, Rep. Blackburn was right when she asked Gore months ago, "Is the legislation that we are discussing here today -- is that something that you are going to personally benefit from?"
As NewsBusters reported at the time, the press almost completely ignored this encounter when it happened.
Nice of the Times to finally catch up, which it did with its final paragraphs:
“I believe that the transition to a green economy is good for our economy and good for all of us, and I have invested in it,” Mr. Gore said, adding that he had put “every penny” he has made from his investments into the Alliance for Climate Protection.
“And, Congresswoman,” he added, “if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”
Yes, that is INDEED what Gore said then, but what Broder chronicled in the prior paragraphs quite refuted his claims as did NewsBusters at the time.
Yet, the article didn't just point fingers at Gore:Other public figures, like Speaker Nancy Pelosi and Robert F. Kennedy Jr., who have vocally supported government financing of energy-saving technologies, have investments in alternative energy ventures. Some scientists and policy advocates also promote energy policies that personally enrich them.
What? You mean Pelosi, RFK Jr, and some "scientists and policy advocates also promote energy policies that personally enrich them?"
Really?
Readers are now advised to mark their calendars, and be careful of pigs flying overhead the next few days.
In the end, NONE of this is at all surprising, for NewsBusters has been educating readers about the money involved in this scam almost since this website's inception.
But it is nonetheless remarkable to have the folks at the Times finally admit the truth, especially on the front page.
Of course, this likely won't lead the Times to editorialize against current cap and trade legislation, nor will it produce apologies from NewsBusters' critics who have regularly published disingenuous and factually bereft articles attempting to refute what the Times now has completely confirmed.
We won't be holding our breath for retractions, for those that continue to stick their necks out for Gore are just as unscrupulous as he is, and equally devoid of character and personal integrity.
The only question remaining is how other media outlets are going to respond to the Times piece, and whether this is the beginning of the much-anticipated unwinding of support for the myth known as manmade global warming.
Stay tuned.
—Noel Sheppard is the Associate Editor of NewsBusters. Follow him at Facebook and Twitter.




















Editor at Large
Comments Policy
The Times Has A Fever
November 3, 2009 - 00:21 ET by dboGreat picture for a great story Noel.
AL GORE IS A FRAUD
November 3, 2009 - 15:04 ET by NewHampshireLike Obama these are Gore's masters at the UN:
"Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsibility to bring that about?"
-- Maurice Strong, Founder of the UN Environmental Programme, Opening Speech Rio Earth Summit 1992
On manipulating America with environmental issues:
"The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. ...The real enemy then is humanity itself. Democracy is no longer well suited for the tasks ahead.”
—From the Club of Rome’s “The First Global Revolution” p. 71,75 1993
What makes me hot
November 3, 2009 - 00:22 ET by TexndocWhat makes me hot is the "Republicans" who are more than happy to jump on the gravy train. Lindsey Graham and Newt Gingrich are never to be forgiven by me. As are the "Crap and Tax" 8 traitors, Shepard Smith and Bill Oh! to name a couple more I can think of.
Gorey
November 3, 2009 - 00:25 ET by TheAssessorWhen I read in NB that Gore is now hailed a prophet I thought, uh oh, Xippy's going to be ticked. Prophet trumps President. Then the NY Times lands from the Planet Obamatron for a brief visit to reality and exposes the Gore 'follow the money' ruse. Hmmm..
Al Gore: The World's
November 3, 2009 - 00:26 ET by fitzfongAl Gore: The World's Biggest Trojan Horse Terrorist.
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered." -George Best
GORE & GOLDMAN SACHS
November 3, 2009 - 00:27 ET by ptsonAl Gore is making millions of dollars selling "carbon offsets," the modern version of swamp land. (those trees would be planted anyway) Goldman Sachs will end up being the wall street trader of carbon credits and make billions in fees. Paulson, Geitner and so many others (all Goldman Sachs Alumni) in the Government of the few, by the few and for the few.
Umm, Umm, Umm, Barack Dumbo-Obama (PAY for PLAY, the Chicago Way) Money for nothing and WE ALL PAY!
GORE THE WHORE...
November 3, 2009 - 07:51 ET by danybhoyFor all of Alan Grayson's hot air about a "K-Street Whore", if he were really worried about political prostitution, Gore would be near the top of the list. Not to mention GoldmanSachs, who head the list of Wall Street Whores. You really want to crack down on "excessive windfall profiteering, you start by taking down these fraudsters.
"...How blind can you be, don't you see...
...that the gambler lost all he does not have..."
Nightwish
What about all the terrorists...
November 3, 2009 - 00:28 ET by Patrick MichaelWhat I would like to know is why this so called "Green Movement" atracts so many domestic terrorists, communists and marxists. What is up with that? Van Jones, and Jeff Jones come to mind just off the top of my head, but there are plenty more to go around.
Stay Free!!!
Redistribution
November 3, 2009 - 05:08 ET by FranksamMarx suggested that first the capitalists would create wealth (Al Gore's role) and then it could be shared by everyone (Van Jones' pretend role). A watermelon, in case you've not heard the term, is green on the outside and red on the inside.
What I really believe is that many greenies are just like guys in seventies who pretended to support fem lib. They just all want some.
I always wanted to invent something, then make a law
November 3, 2009 - 01:37 ET by upcountrywaterthat every living soul on the planet must have it.
Must pay huge sums for "it" and "It" shall have the value of slabs of carbon.
The electric police are coming.. Sleeper @ 7:50...
I hope Glenn and Sean reads
November 3, 2009 - 14:04 ET by kevcadI hope Glenn and Sean reads this story and takes this further. Algore has a long overdue comeuppance.
I also hope this isn't a hoax, and we haven't been hoodwinked in some way.
Start each day with a smile, then get it over with. - W.C. Fields
Being green and making green -- Al's got it, baby
November 3, 2009 - 01:54 ET by CO2MakerHe's got the Nobel Peace train harmony, the music that matters, the formula for success ... he's got ...
wait
wait
He's got the algorithm
to solve the world's problems and make a pile of money.
Algorithm---
November 3, 2009 - 02:23 ET by matthewdeanCO2:
I don't usually reply---but,
you come up with some funny sh**.
Cheers.
MD
"Federales-no contestan." (Sp./Eng. dictionary)
Thank yew
November 3, 2009 - 12:39 ET by CO2MakerIt's a talent on loan from ...
Wait a minute. That's been used, right?
Now you want to know...
November 3, 2009 - 02:06 ET by caiobabewhy he is not president when some political experts thought he could have taken it all...
Well, Gore knows that there's a lot more money selling this false religion and also, he could NEVER defend or explain all the evidence against his 'green' cause.
This is fraud...
November 3, 2009 - 03:06 ET by AgentAmericanThis proves the only green Gore is interested in is the one with dead presidents on it.
Awake the sleeping giant...and that giant is WE THE PEOPLE!
Please...
November 3, 2009 - 06:05 ET by AnkharanThe liberals are in charge of the Ferral Government. They will get their way on this and you the people will pay for those that support this kind of crap who will not pay.
No one wants their "fair" share. They want retribution for the bad choices they made and the money they do not make. Through the Ferral Government they will get it too. Not like it was any better with republicans in Congress and a Republican Prez.
The Two Party System has failed. It was only a matter of time. There is no differnce in the two systems as they both only want to increase the size of the government and increase the size of the pie taken to support the never ending appeitite of the Ferral Government and damned be the Constitution. Damned be Equal Justice under the law, Rights, and freedom of choice.
This country's elected are a stinkhole of corruption and what is worse is that it is the fault of the people who refuse to stop it. After all... they (the people) buy into concepts like voting for the lesser of two evils. With that kind of thinking it is no wonder the country is in a stinkhole. You end up still electing an evil.
Al won't get a chance to spend it....................
November 3, 2009 - 06:52 ET by old crobecause according to the Algore Doomsday Clock we only have 6 years, 2 months, 24 days, 8 hours and 20 some minutes before we fry.
http://www.rushlimba...
hoax pimping
November 3, 2009 - 06:59 ET by spepperfirst, ALGORE helps to create the hoax of global warming, the result of which is more government regulation, taxes, intrusion on our daily lives, then benefits financially from companies that receive the "TAXULUS" money-- it's like a repeat of his moneybagging scheme from the Buddhist nuns all over again-- anyone remember what his famous quote from that incident was? "....no controlling legal authority....." well, here's hoping he finds out what "controlling legal authority" goes after him this time, for what appears to be a kickback scheme--
The real question for Al Gore
November 3, 2009 - 07:10 ET by 10ksnookerHow long before you are sued by your investors for fraud. Pushing a hoax on the public, while rewarding yourself by participating in the fraud, that chicken is bound to come home to roost -- soon.
I notice as the UN runs out of any crdible science to defend their fraud, Nanny Peloser told Al Gore to stay home and spend your time helping from Tennessee. That won't last.
This will be the winter that did in the hoax.
re: the real question for Al Gore
November 3, 2009 - 07:27 ET by spepperI would sincerely hope that this would in fact, be the winter that "does in" the hoax of global warming, but I'm still skeptical of it-- there's too many "non scientists" posing as tenured professors in US academic circles who are also banking on the hoax-- it will be a LONG LONG time before they fade away--
Noel, I'm no longer a denier, now - ACA
November 3, 2009 - 07:45 ET by acaiguanaI'm in.
Gee, when do the checks start?
ACA
...
Quoted from: 'Acaiguana notes from the Underground' (Soon to be at theaters near you)
ACA. It should be, a lot
November 3, 2009 - 08:55 ET by danboACA. It should be, a lot more than what we got from EXXON.
"You lie!" Rep. Joe Wilson R-(SC)
Profit Margin
November 3, 2009 - 08:00 ET by humanearGee, what kind of profit margin is honest Al going to make off this deal? 8.5%? 12%? Or 500%? In the words of Hillary, we're going to TAKE those profits and reinvest them! As oil companies and insurance companies are attacked with single digit profits, I'm SURE the left is going to attack investors with exponentially higher margins. No?
Gaia in Danger!
November 3, 2009 - 08:38 ET by nadadhimmiSo, are you saying there's NO Global Warming? Mother Gaia is in danger and unless we send Al Gore billions of dollars RIGHT NOW the Earth will end on 10:37 AM, Sept 24, 2011. The Scientific consensus is in and there's no need for any discussion. No discussion at all. Only YOU can save Mother Earth with your contribution. ACT NOW, Send your check to: Al Gore. DO IT NOW.
I guess I was wrong!
November 3, 2009 - 08:48 ET by Patriot III didn't realize it was "global warming hysteria" he was spreading? I thought it was bovine excretions!! What a greedy, selfish, narcissistic clown!!
Bill Buckley is reputed to
November 3, 2009 - 12:04 ET by celatorBill Buckley is reputed to have said after he watched Gore's film some years ago---"This is the first time I have been bulled by a Gore." Great line!
No citizen's right to life, liberty, pursuit of happiness, or property is safe as long as Obama is President of the United States.
Time for legal action?
November 3, 2009 - 08:54 ET by Mark_for_SenateIsn't this called 'Grand Larceny'? or 'Racketeering' or plain old 'Fraud'? We have laws on the books for these things, do we not?
To know and not do, is to not yet know
It's Truly Amazing
November 3, 2009 - 09:18 ET by generalbroccoliIt's truly amazing how Gore the rainmaker always seems to invest in a company that then just happens to receive billions of OUR dollars. Why, it's almost uncanny!
http://online.wsj.co...
WASHINGTON -- A tiny car company backed by former Vice President Al
Gore has just gotten a $529 million U.S. government loan to help build
a hybrid sports car in Finland that will sell for about $89,000.
There may be one upside to Obama turning us communist...
November 3, 2009 - 09:39 ET by R D Helm...and that is scam artists like Al will soon be out of business.
-Dave
Our elected representatives have failed us.
While railing about oil
November 3, 2009 - 11:55 ET by HockeyKidWhile railing about oil barons and obscene profits, Gore sees his chance to do exactly the same thing with electricity, and shifts into full enviro-whore mode.
Aren't there laws to protect the people from this sort of conflict-of-interest scam? Blood and Gore should be tarred and feathered.
"Beauty is only skin deep, but liberal's to the bone." - me
Holy Cow...
November 3, 2009 - 13:08 ET by wolfemanicIndia hold's the world's largest cattle population with 283.1 million.
The United States has 98 million head of cattle, while China has 130
million head.
In India they don't eat em or kill em, the cow is sacred.
Someone needs to ask Al about what he plans to do about this...?
→ Bovine Genocide
November 3, 2009 - 13:11 ET by Cool ArrowGranny may go before a death panel after all.
ACORN - creating or saving votes since 1970
a very serious problem, we know the real enemy.
November 3, 2009 - 14:48 ET by Rafael LomenaThere are probably other more important causes being systematically ignored, not only for Al Gore, but by the IPCC dependent of the ONU, for example, the rapid upward trend of forest fires exorbitant DIRECTLY proportional to population growth in the world.
More information on this site (spanish docs):
+ http://calentamiento...
They can also read this news published in some media for months:
+ http://www.cubanuest...
Rafael Lomena, You are wearing out your welcome...
November 3, 2009 - 16:11 ET by upcountrywaterTry using ENGLISH in your spamming
So what do you want to do with all the extra humans on the planet?
Look up ARSON..
State controlled health care ! music video.
No Comprendes
November 3, 2009 - 19:36 ET by dbo...the rapid upward trend of forest fires exorbitant DIRECTLY proportional to population growth in the world.
Since the planet has been glacialized for 90% of its history, how many forest fires would you expect before there were people? Btw, who put out forest fires before there were people?
Silver Spring: the new Halliburton
November 3, 2009 - 16:24 ET by MadRatHalliburton became such a rallying cry for Liberals that they no longer had any idea what it meant other than it was another word for evil.
How does the news portray this? Dick Cheney is the evil, dark lord who's minions secretly control America. Al Gore is the lone hero, doing what little he can to heal the Earth.
Wax on~
November 3, 2009 - 17:44 ET by Georgia GirlWell, whether it's because he's straight out of a wax museum (help him, he's melting) or a money thing -- Gore's obsession with Global Warming is all about him.
"Think wrongly, if you please, but in all cases think for yourself." ~Doris Lessing, British writer