Senator James Inhofe (R-Okla.) said Monday that Nobel Laureate Al Gore, "the world's first potential climate billionaire," is running for cover as a result of various scandals surrounding his favorite money-making theory known as manmade global warming.
"He is under siege these days," said Inhofe in a lengthy speech on the Senate floor. "The credibility of the IPCC is eroding, EPA's endangerment finding is collapsing, and belief that anthropogenic global warming is leading to catastrophe is evaporating."
"Gore seems to be drowning in a sea of his own global warming illusions," he continued. Nevertheless, he is desperately trying to keep global warming alarmism alive."
Unlike most on the Left and their media minions, Inhofe also spoke specifically about some of Gore's investments, and how the Nobel Laureate has positioned himself to amass huge profts from his climate alarmism (videos embedded below the fold with partial transcript and commentary):
Mr. President, after weeks of the global warming scandal--and we talked about it on the floor, what happened with climategate just prior to the Copenhagen convention--I had the opportunity to visit and to uncover some of the things we had suspected were going on for a long period of time. Five years ago, I had occasion to give a speech on this floor, where I outlined, from information that had come through the backdoor to me from scientists, how bad the science was and how it had been, in fact, cooked. Then, of course, along came climategate.
After weeks of the global warming scandal, the world's first potential climate billionaire is running for cover. Yes, I am talking about Al Gore. He is under siege these days. The credibility of the IPCC is eroding, EPA's endangerment finding is collapsing, and belief that anthropogenic global warming is leading to catastrophe is evaporating. Gore seems to be drowning in a sea of his own global warming illusions. Nevertheless, he is desperately trying to keep global warming alarmism alive.
It is my understanding that tonight he is having a high-level meeting of all his global warming alarmists around the country to see how they can resurrect this issue and regroup.
Consider Gore's nearly 2,000-word op-ed piece that recently appeared in the New York Times. It is a sure-fire sign of desperation. Gore's piece was about China, solar and wind power, globalization, rising sea levels, big polluters, melting glaciers, and cap and trade. One searches in vain for any explanation of the IPCC's errors and mistakes or of Phil Jones, the former director of the Climate Research Unit. That is in East Anglia. We heard a lot about him. He was the one who was actually assembling a lot of the science--or so-called science--or creating the science, I should say, to support the position of those who believe anthropogenic gases cause global warming.
Readers are advised to review Gore's absurd February 27, 2010, Times op-ed. Inhofe continued:
Seven years ago, I believe this month, I had occasion to study on the floor and find out that, in fact, we had spent so much time on this issue that everyone was believing this to be true. When we realized the science was not there, I made the statement that the notion that anthropogenic gases are causing catastrophic global warming is the greatest hoax ever perpetrated on the American people.
What is Gore's take on the climategate scandal? Climate scientists, he wrote, were ``besieged'' by an ``onslaught'' of hostile information requests from climate ``skeptics.'' That is it, nothing else. Even the IPCC announced last week an independent review of its process and procedures.
You see, former Vice President Gore was saying: Oh, that was nothing; that was just a few comments. I might add, one of the largest and most respected publications in the UK, which is called the UK Telegraph, said this is the worst scientific scandal of our generation.
The Atlantic Monthly, the Financial Times, the New York Times, the Chicago Tribune, Newsweek and Time and many others are saying this is a legitimate scandal and reform of the IPCC is absolutely essential. Let's keep in mind, IPCC, the Intergovernmental Panel on Climate Change, is the United Nations. They put this together back in 1988 to try to scare people into changing our policy in this country.
By the way, I mentioned Time magazine as one of the many magazines and publications that have now said, looking at climategate, this investigation should be there. This is the same Time magazine--and I don't blame them for doing this; I would have done the same thing--that back in 1975, on the cover they had: Another Ice Age is coming, we are all going to die. A couple years ago, you might remember the last polar bear standing on the last cube of ice and it said: Global warming is coming; we are all going to die. Anyway, the publications are coming around.
When it comes to reform, openness, transparency, and peer review, when it comes to practicing good science, Gore stands alone. He wants the world to put its head in the sand and pretend nothing is happening. [...]
Then Gore is writing in this op-ed piece, even if all these disasters will not happen, we still have to deal with national security risks and energy independence. Of course, Gore fails to mention that the United States leads the world in technically recoverable resources of oil, coal, and natural gas. [...]
Gore has to know the edifice of alarmism is starting to crumble, so he is swinging for the fences, hoping for a home run to change the game. But Gore is striking out, as he loses his support almost daily in Congress and from the American people. Let's face it; Gore's side of the argument is collapsing. He and his allies are running short on facts, and Gore's criticism of recent events rings hollow. For example, after the climategate scandal broke, Gore was asked by an online publication called Slate as to what he thought of it.
Gore's response: Well, I haven't read all of the e-mails, but the most recent one is more than 10 years old. Obviously, of course, that is not true because they go all the way up to 2009. So all he is left with is a two-pronged fork of anger and attack. Just read the New York Times op-ed piece.
By the way, I was told his op-ed piece in the New York Times was three times larger than that which they normally will receive. He wrote that those who question climate alarmism are members of a ``criminal generation.'' That is me--a criminal? Is Roger Pielke, Jr., a criminal? How about Dr. John Christy of the University of Alabama, Richard Lindzen of MIT, Chris Landsea of the National Hurricane Center? No, they haven't committed any crimes. They just want honest, open scientific debate.
I might add that thus far the only scientists who commit crimes are those at the CRU. Again, that is the collection point of all the science that the United Nations has put together in this thing called IPCC--those involved in climategate, according to findings of the UK's Information Commissioner.
A bit later, Inhofe addressed exactly how Gore is setting himself up to profit from the unproven theory he's been disseminating with the media's assistance. Readers are encouraged to review previous NewsBusters pieces on this subject here, here, here, here, here, here, here, and here.
I would say this, though. I don't want you to feel--even though his world is crumbling, don't feel sorry for Al Gore because he is doing all right. There is actually an article that just came out--this is the National Review--at the same time a New York Times article did, and I have kind of put together things from both of them. This from the New York Times says:
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 Al Gore is a partner. The company, the 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 partnership 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 contacts.
Wait a minute, we are talking about Silver Spring, the company with which Al Gore is connected.
Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in the coming years.
Silver Spring Networks is a foot soldier in the global green energy revolution Mr. Gore hopes to lead. 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.
Critics, mostly 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 that he has invested in.
Representative Marsha Blackburn, a Republican from 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 the decades. ``I have advocated policies to promote renewable energy and accelerate reductions in global warming pollution for decades, including all the time I was in public service.'' Mr. Gore wrote: ``As a private citizen, I have continued to advocate the same policies. Even though the vast majority of my business career has been in areas that do not involve renewable energy or global warming pollution reductions, I absolutely believe in investing in ways that are consistent with my values and beliefs. I encourage others to invest in the same way.''
Mr. Gore has invested a significant portion of the tens of millions of dollars that 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. He has also given away millions more to finance the nonprofit he founded, the Alliance for Climate Protection, and to another group, the Climate Project, which trains people to present the slide show that was the basis of his documentary ``An Inconvenient Truth.'' Royalties from his new book on climate change, ``Our Choice,'' printed on 100 percent recycled paper, will go to the alliance, an aide said.
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.
As a private citizen, Mr. Gore asked not to have to disclose his income and assets, as he did-- as I do, as others do in this Chamber in his years in Congress and the White House. When he left government in 2001, he listed assets of less than $2 million, including homes in suburban Washington and in Tennessee. Since then his net worth has skyrocketed, helped by timely investments in Apple and Google, profits from books and his movie, and the scores of speeches for which he can be paid more than $100,000 .....a speech. I suggest now that price may be going down a little bit for Al Gore.
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. .....
Bravo, Senator. Maybe someday folks in the media will speak as honestly about this unproven theory and its greatest proponent.
Full transcript available here.