Carnal Reason

Al Gore is sharper than I thought. Via Ecotality:

So, where does Gore buy his ‘carbon offsets’? According to The Tennessean newspaper’s report, Gore buys his carbon offsets through Generation Investment Management, a company he co-founded and serves as chairman:

Gore helped found Generation Investment Management, through which he and others pay for offsets. The firm invests the money in solar, wind and other projects that reduce energy consumption around the globe…

As co-founder and chairman of the firm Gore presumably draws an income or will make money as its investments prosper. In other words, he “buys” his “carbon offsets” from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn’t buy “carbon offsets” through Generation Investment Management - he buys stocks.

That is one sweet scheme. I am impressed.

Posted on March 3rd, 2007 by pwyll
Filed under: eco-catastrophe, politics