Al Gore’s Inconvenient Loot
Former Vice President Al Gore has built a Green money-making machine capable of eventually generating billions of dollars for investors, including himself, but he set it up so that the average Joe can’t afford to play on Gore’s terms. And the US portion is headed up by a former Gore staffer and fund raiser who previously ran afoul of both the FEC and the DOJ, before Janet Reno jumped in and shut down an investigation during the Clinton years.
As Bill Hobbs first pointed out, Gore supposedly pays for his extra-large carbon footprint through Generation Investment Management (GIM) – and if you’re looking to go green, and have your wallet go along with Gore, think again – average people are too insignificant to play – verifiable from this pdf.
Generation is based in London, with its U.S. offices in Washington, DC. The firm will manage the assets of institutional investors such as pension funds, foundations and endowments, as well as those of select high net worth individuals.* Generation expects to make extensive use of long-term performance based fees. Generation will begin its investment management business in early 2005.
* like Al Gore
Gore’s company, GIM was specifically established to take financial advantage of new technologies and solutions related to combating Global Warming. The Global Warming crowd has told us that just recently new science emerged confirming the alleged fact that Global Warming is man made. So, ask yourself, why is it that Gore set up his Green money machine three years ago back in 2004? Is it possible Gore knew what the science would say before it was out? And even if not, can an individual who stands to make millions from Global Warming really be trusted as an honest broker on that topic? Talk about giving the fox the keys to the
Even if Global Warming did exist, in principle, what’s the difference between war profiteering and this? One could justifiably argue that Gore is taking advantage of, in his opinion, a catastrophic situation to clean up – and I don’t mean the environment.
Here’s a list indicating what it takes to make money along with Al. Funds associated with these companies have placed millions of dollars under Al Gore’s control. And, as you’ll see below, Gore’s selection for the US President of GIM might raise a few eyebrows as well.
AFLAC INC – AQUANTIVE INC – AUTODESK INC – BECTON DICKINSON & CO BLACKBAUD INC – GENERAL ELECTRIC CO – GREENHILL & CO INC – JOHNSON CTLS INC – LABORATORY CORP AMER HLDGS – METABOLIX INC – NORTHERN TR CORP – NUVEEN INVTS INC -STAPLES INC – SYSCO CORP – TECHNE CORP – UBS AG – VCA ANTECH INC – WATERS CORP – WHOLE FOODS MKT INC
According to their own documents, GIM intends to invest in, or buy companies poised to cash in on Global Warming concerns. If we borrow John Edward’s so-called two Americas concept for a second, this all means higher prices and taxes with more regulation and an altered standard of living for people like you and me, while Al Gore sits ensconced in his other America reaping profits from each new government mandate for us, business and even government itself. It’s win win, alright, but mostly for Al.
To add insult to injury, Gore chose Peter S. Knight, an old friend and colleague some are sure to recall, as the US President of GIM.
Peter S. Knight, formerly Managing Director Met West Financial, lawyer, Chief of Staff for Senator Al Gore (D-TN) from 1977-1989, and Campaign Manager for President Clinton’s successful re-election in 1996, is President of Generation U.S.
This would be him: Reno Rejects Inquiry Into a Clinton Aide
Atty Gen Janet Reno decides against any further investigation of Peter Knight, Pres Clinton’s 1996 campaign manager in connection with office building development in nation’s capital; such an investigation could have led to naming independent counsel to look further into activities of Knight, who is also former top assistant to Vice Pres Al Gore.
Yes, thanks to Janet Reno, no one ever found out how $20,000 in stock turned up in an account for Knight’s then 13 year old child.
Dispute over Democratic Party campaign-financing shifts to Zachary Knight, 13-year-old son of Peter S Knight, Clinton-Gore campaign chairman in 1996, who was given $20,000 in stock by William Haney 3d, chairman of Molten Metal Technology Inc; Republicans believe gift, which came after father was named chairman of campaign, was really payment to Knight, who had worked as $7,000-per-month lobbyist for company; Knight denies involvement in any impropriety; photo
If Gore’s motivation in pushing Global Warming is so altruistic, was it really necessarily for the already wealthy Gore to establish a multi-million dollar corporation in England to cash in? And given the history of Gore and Knight, are these people we should trust to drive a re-vamping of the world economy at the same time they’re lining their pockets because of our much smaller carbon footprints?
If Al Gore is successful with this latest scheme, Gore and his cronies are going to be much more $green$ than most of the earth. And the only green in this for you and me is the kind that accompanies envy as Gore trucks around on private jets putting dollars to offset his extravagance into a cash machine generating profits on the backs of the middle class with misrepresented science that doesn’t deserve to be called science at all.
Mr. Gore starts out, ironically enough, asserting the importance of peer-reviewed science. I call this ironic because the misrepresentation that follows (a) hasn’t been peer reviewed, and (b) the peer-reviewed literature contradicts the misrepresentation.
From the Center For Public Integrity: one of the issues involving both Knight and carbon friendly Al was the installation of a hot tub and steam shower in the Master Bedroom of the VP’s house. How Green is that?
Here’s what the Center found about some of the most generous contributors to the foundation: Peter S. Knight…
Peter S. Knight, Gore’s former chief of staff, managed Gore’s first bid for the presidency in 1988. In 1989, he began lobbying for the firm Wunder, Diefendorfer, Cannon and Thelan. Given his closeness to Gore and the rest of the Clinton administration, corporations now pay Knight upward of $10,000 a month to wield his influence with Gore. With the help of his new clients, Knight soon cemented a new role for himself as Gore’s "chief of fund raising."
Since 1996, Knight’s various lobbying and fund-raising activity has been the subject of a Federal Election Commission investigation, a Justice Department inquiry and two House Commerce Committee probes.
Gore chose Knight to act as chairman of the foundation during Gore’s first vice presidential term. Three of Knight’s clients – millionaire publishing magnate Vance Opperman, Bell Atlantic and Fluor Corporation — showered the foundation with $10,000 each.
Knight also solicited $10,000 contributions from foundations run by Atlantic Richfield Company (ARCO), Coca-Cola Company, MCI Communications (now MCI WorldCom, Inc.), Time Warner Inc. and Microsoft Corporation (Chairman Bill Gates also contributed a $30,000 glass sculpture). Under Gore’s supervision, the foundation pledged to take corporate money only through their foundations, not from corporations directly. The $10,000 paid by the Coca-Cola Company, however, came out of the corporate account.