Gore's 'carbon offsets' paid to firm he owns

Gore's 'carbon offsets'
paid to firm he owns
Critics say justification for energy-rich lifestyle
serves as way to profit from 'global warming'

Al Gore defends his extraordinary personal energy usage by telling critics he maintains a "carbon neutral" lifestyle by buying "carbon offsets," but the company that receives his payments turns out to be partly owned and chaired by the former vice president himself.

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," writes blogger Dan Riehl.

Gore has described the lifestyle he and his wife Tipper live as "carbon neutral," meaning he tries to offset any energy usage, including plane flights and car trips, by "purchasing verifiable reductions in CO2 elsewhere."

But it turns out he pays for his extra-large carbon footprint through Generation Investment Management, a London-based company with offices in Washington, D.C., for which he serves as chairman. The company was established to take financial advantage of new technologies and solutions related to combating "global warming," reports blogger Bill Hobbs.

Generation Investment Management's U.S. branch is headed by a former Gore staffer and fund-raiser, Peter S. Knight, who once was the target of probes by the Federal Election Commission and the Department of Justice.

Hobbs points out Gore stand to make a lot of money from his promotion of the alleged "global warming" threat, which is disputed by many mainstream scientists.

"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," Hobbs writes. "To be blunt, Gore doesn't buy 'carbon offsets' through Generation Investment Management – he buys stocks."

As WND reported, Gore, whose film warning of a coming cataclysm due to man-made "global warming" won two Oscars, has a mansion in the posh Belle Meade area of Nashville that consumes more electricity every month than the average American household uses in an entire year, according to the Tennessee Center for Policy Research, citing data from the Nashville Electric Service.

The think tanks says since the release of Gore's film, the former presidential candidate's energy consumption has increased from an average of 16,200 kilowatt-hours per month in 2005, to 18,400 per month in 2006.