Wednesday, October 30, 2013

Gore lies again: "consensus within the scientific community that increasing the global temperature by more than 2°C will likely cause devastating and irreversible damage to the planet"

Al Gore and David Blood: The Coming Carbon Asset Bubble -
There is consensus within the scientific community that increasing the global temperature by more than 2°C will likely cause devastating and irreversible damage to the planet.
...Renewable technologies are already economically competitive with fossil fuels in a number of countries without subsidies.
Aug 2011: [Warmist] Jeremy Grantham Foresees Oil Decline and Increases Oil Holdings: OIL, XOM, PRB, PRB.A, SU, CNQ, BP -
Recently, Grantham has become a fan of the oil & gas companies. The sector weighting history of his portfolio shows that he has been increasing his oil & gas holdings since the third quarter of 2010. He also added more of these companies than any others in the most recent quarter. They now comprise 8.7% of his portfolio.
Motley Fool, Oct 20, 2013: 3 Reasons You Shouldn't Take Investing Tips From Al Gore
My advice to Al Gore, if he is confident that a carbon bubble will bring down big oil, is to put his money where his mouth is and start taking some short positions. My advice to investors, on the other hand, is to look elsewhere for guidance. The global energy mix is without a doubt evolving, but these are gradual changes that will reflect supply, demand, and pricing rather than the arbitrary predictions of politicians.

1 comment:

Lemon2 said...

Here's a post I wrote on my blog a few years back. When Al Gore was claiming he was carbon neutral because he was buying carbon offsets... Not mentioning that he was buying them from an investment company he was an owner of and that the company selling the offsets didnt invest in anything to reduce carbon dioxide.
There is no attempt or agency that examines and approves these so called offsets - it is just a PR scam.

A lot of talk lately is wondering how Al Gore can have a net worth of 100 mill, yet claim to have donated all his profits from his ecotistical Global Warming campaign to non-profits. Everyone knows he's lying.
Lately, the story is how he buys his carbon offsets from a company he himself owns.
This is old news, posted in many places a year and a half ago.
But what we did when we first heard the story was check out the recipient and found out that regardless of what they claim to do, what they don't do is invest in green things.
We published the following in December of 2007.

The Chairman of Generation Investment Management is Al Gore. Others have reported how in essence, Al Gore is therefore buying Carbon Offsets from himself.

However, the other big story is that is that GIM is not in the Carbon Credits Business!!
Al Gore's Carbon Offsets are being invested in banks, manufacturers (even a few polluters in the bunch). His GIM is purely an investment company that owns shares in the following companies (not a green company in the bunch and none that plant trees or develop windpower sites).
Aflac Inc - Insurance
Aquantive Inc - Digital Marketing
Autodesk Inc - Cad Systems
Becton Dickinson - Medical Supplies
Blackbaud Inc - Fundraising Software
General Electric Co - Conglomerate
Greenhill & Co Inc - Investment Bank
Johnson Ctls Inc - Engineering
Laboratory Corp - Gene Testing
Metabolix Inc - Bio-Plastics
Northern Tr Corp - Bank
Nuveen Invts Inc - Investment Bank
Staples Inc - Office Products
Sysco Corp - Restaurant Food Products
Techne Corp - Biotech Testing Products
Ubs Ag - Bank
Vca Antech Inc - Animal Hospitals
Waters Corp - Lab Testing
Whole Foods Mkt Inc - Food Retailer

I was not surprised to learn this...