Tuesday, November 03, 2009

Gore’s Dual Role in Spotlight: Advocate and Investor

http://dealbook.blogs.nytimes.com/2009/11/03/gores-dual-role-in-spotlight-advocate-and-investor/

Critics, mostly on the political right and among global warming skeptics, say Mr. Gore is poised to become the world’s first “carbon billionaire,” profiting 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.


Gore is using his political connections to make money off loser technologies at the expense of tax payers and naive investors.  The only way most of these investments will pay off is if the government intervenes to force the adoption of these products, not because they actually make economic sense.

Posted via email from The Blue Pelican

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