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When An AGW Believer Tells You that No One is Making Money off of Climate Change…..

Here’s some more ammunition for you.  (Hint: They’re all Liberals)

Gore Pocketed ~$18 Million from Now-Defunct Chicago Climate Exchange

Although the Chicago Climate Exchange (CCX) collapsed and shut down this week, Al Gore’s Generation Investment Management LLP pocketed approximately $17.8 million on it’s 2.98% share of the exchange when it was sold to the publicly traded Intercontinental Exchange a mere 6 months ago.

According to news reports, the brainchild of the exchange, academic Richard Sandor, founded the exchange with a foundation gift of $1.1 million, and pocketed $98.5 million for his 16.5% share of the CCX. This would place the value of Gore’s firm’s stake at almost $18 million.

Note Gore is the founder, chairman, and largest shareholder in Generation Investment Management LLP. Barack Obama was on the Joyce Foundation Board when it provided the funding to establish the CCX. Maurice Strong, founding head of the United Nations Environmental Program (UNEP), precursor to the IPCC, was a CCX board member.

Ed Barnes — November 2010

Collapse of Chicago Climate Exchange Means a Strategy Shift on Global Warming Curbs

By Ed Barnes Published November 09, 2010 | FoxNews.com

The closing this week of the Chicago Climate Exchange, which was envisioned to be the key player in the trillion-dollar “cap and trade” market, was the final nail in the coffin of the Obama administration’s effort to pass the controversial program meant to combat global warming.

“It is dead for the foreseeable future,” said Myron Ebell, director of the Center for Energy and the Environment with the Competitive Energy Institute, which had fought the measure.

That assessment was echoed by environmentalists as well.

“Economy-wide cap and trade died of what amounts to natural causes in Washington,” said Fred Krupp, president of the Environmental Defense Fund, which had supported the plan.

The CCX was set up in 2000 in anticipation of the United States joining Europe and other countries around the world to create a market that would reduce the emission of greenhouse gases. Under the system, factories, utilities and other businesses would be given an emissions target. Those that emitted less fewer regulated gases than their target could sell the “excess” to someone who was above target. Each year, the target figures would be reset lower.  Continue reading here….

gore rich

 

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4 Comments on “When An AGW Believer Tells You that No One is Making Money off of Climate Change…..”

  1. sandcanyongal April 21, 2014 at 2:54 pm #

    I don’t have a problem with Al Gore. Did you know he’s a board member at Apple? He was rich long before he entered politics – his father was a Senator. Below is a story related to the Keeling Curve that Albert Gore referred to in An Inconvenient Truth. He’s not a monster. The monsters are the oil, gas, coal and renewable energy companies – GE specifically. General Electric bought the Enron wind energy business with the understanding that the technology would be subsidized and developed. GE makes money on every one of the motors that goes into each turbine.

    Until mankind has a reality check, and maybe it will take the mass kill-off of our species to do it, nothing will change. We can complain, testify at hearings, write letters, make calls. Nothing will change. Watch TV and what the media spews out to the public in sound bites that the people continue to believe.

    A Scientist, His Work and a Climate Reckoning
    http://www.nytimes.com/2010/12/22/science/earth/22carbon.html/?pagewanted=all&_r=0

  2. imoira April 21, 2014 at 3:17 pm #

    Donna: I wrote an article fro the Feb/March issue of The Landowner on the subject of Agenda 21. I can send you a PDF version which you’re welcome to post. Moira

    • Donna Quixote April 21, 2014 at 4:54 pm #

      That would be great! We always welcome outside submissions! Thanks.

  3. cartoonmick April 21, 2014 at 7:21 pm #

    In-depth studies, carried out over the last 45 seconds, confirm there is a direct link between the climate and politics.

    Both climate and politics change over time !! A fact confirmed in the afore mentioned in-depth study.

    “Man” is the main cause of all political change, therefore “Man” is the main cause of climate change.

    The climate is seen as a problem if a particular political party is in power, whereas there is no problem at all to be see with the climate if the opposite party is at the helm.

    So, the simplest way to solve any climate problems is to keep that party “who see no problems”, in power.

    Not only will this save the Earth from certain destruction, it will save a lot of money in the national budget as there’ll be no need for climate science committees, reports, analysis, action etc.

    Prior to the 45 second in-depth study, a cartoon was created, which may, or may not, conflict with the theme of the above summary.

    That climate change cartoon is here . . . . . . . .

    http://cartoonmick.wordpress.com/editorial-political/#jp-carousel-775

    Cheers
    Mick

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