Wednesday, February 15, 2012

Gore on the idea that trace amounts of CO2 aren't overheating the planet: "the “absurd assumption” that he sees underpinning energy stocks may collapse in the next decade"

Gore Likens Carbon to Subprime Debt in Plan to Repair Capitalism - Bloomberg

Former U.S. Vice President Al Gore said investors in oil and gas companies who ignore the cost of emitting carbon dioxide and other greenhouse gases are making a mistake similar to those who invested in subprime mortgages.

“The value of the subprime mortgages was based on a false assumption,” Gore said yesterday in an interview. “In almost exactly the same way, the value of all of these carbon fuel reserves is based on a similarly absurd assumption.”...

Gore, a Democrat who won a Nobel Prize in 2007 for his efforts to raise awareness of climate change, said the “absurd assumption” that he sees underpinning energy stocks may collapse in the next decade.

1 comment:

SOYLENT GREEN said...

Actually, Gore's entire fortune is based on "literal" vapor ware. I can't wait for the CO2 indulgence market to flatline, and he's selling pencils on the street.