Wednesday, September 24, 2008

More priceless quotes from fraudster Al Gore

Gore urges civil disobedience to stop coal plants | Environment | Reuters
NEW YORK (Reuters) - Nobel Peace Prize winner and environmental crusader Al Gore urged young people on Wednesday to engage in civil disobedience to stop the construction of coal plants without the ability to store carbon.

The former U.S. vice president, whose climate change documentary "An Inconvenient Truth" won an Academy Award, told a philanthropic meeting in New York City that "the world has lost ground to the climate crisis."

"If you're a young person looking at the future of this planet and looking at what is being done right now, and not done, I believe we have reached the stage where it is time for civil disobedience to prevent the construction of new coal plants that do not have carbon capture and sequestration," Gore told the Clinton Global Initiative gathering to loud applause.

"I believe for a carbon company to spend money convincing the stock-buying public that the risk from the global climate crisis is not that great represents a form of stock fraud because they are misrepresenting a material fact," he said. "I hope these state attorney generals around the country will take some action on that."
When I read Gore's increasingly shrill global warming hysteria in the face of growing evidence of global cooling, I'm reminded of Jeff Skilling's behavior in 2001 as Enron neared its implosion:
April 17, 2001
Quarterly Conference Call. In the call, now legendary on Wall Street, an analyst questioned Skilling on the company’s progress. Skilling dismissed him as an "a$$hole."
...
July 24-25, 2001
Skilling meets with analysts and investors in New York. “We will hit those numbers. We will beat those numbers.”

August 3, 2001
Skilling makes a bullish speech on EES. That afternoon, he lays off 300 employees.
...
August 11, 2001
Skilling talks to Mark Palmer about preparing press release for resignation.

August 13, 2001
Board meeting. Rick Buy outlines disaster scenario if Enron’s stock starts to fall. All SPEs (special purpose entities created to isolate financial risk) crash. Skilling dismisses this. That evening, in board-only session, Skilling, in tears, resigns.
...
December 2, 2001
Enron files for Chapter 11 bankruptcy protection.

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