Paul Joseph Watson
Tuesday, November 3, 2009
The New York Times has lifted the lid on how Al Gore stands to benefit to the tune of billions of dollars if the carbon tax proposals he is pushing come to fruition in the United States, while documenting how he has already lined his pockets on the back of exaggerated fearmongering about global warming.
As is to be expected, the article is largely a whitewash and takes an apologist stance in defense of Gore.
However, the NY Times‘ John M. Broder does reveal how one of the companies Gore invested in, Silver Spring Networks, recently received a contract worth $560 million dollars from the Energy Department to install “smart meters” in people’s homes that record (and critics fear could eventually regulate) energy usage.
“Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years,” states the report, highlighting the fact that Gore is “well positioned to profit from this green transformation, if and when it comes.”
“Critics, mostly on the political right and among global warming skeptics, say Mr. Gore is poised to become the world’s first “carbon billionaire,” profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in,” writes Broder.
Since he left office, Gore’s personal net worth has skyrocketed on the back of his advocacy for global warming issues and the financial dividends this has reaped. Gore’s assets totaled less than $2 million in 2001 and although he refuses to give a figure for his current net worth, a recent single investment of $35 million in Capricorn Investment Group, a private equity fund, illustrates just how fast Gore has enriched himself from his climate change bandwagon.