2 replies to this topic

[stocks]

Cap & Trade Cronyism -- turning millionaires into billionaires


And who are these investors awaiting their carbon-based lucre? As I expose in my book, Climategate, foremost are Al Gore and his partners at the Generation Investment Management (GIM) hedge fund. These chums include former Goldman Sachs bigwigs like Philip Murphy, previously chair of the Democratic Finance Committee, and Hank Paulson, former Bush Treasury secretary).


Another player lined up to cash in on carbon is the Silicon Valley’s most prestigious venture capital firm, Kleiner-Perkins (KP). And guess who’s a partner at KP? Al Gore. And guess who has an investment in CCX? KP.

Now an additional element of cronyism has surfaced: ... former CEO of the government-sponsored mortgage giant Fannie Mae—Franklin Raines has positioned Fannie and a few of his friends with the opportunity to practically print money straight off the backs of the American homeowner.


http://www.humaneven...le.php?id=38270

[stocks]

Al Gore's Cap-and-Trade Pumpkin Dies, No One Notices

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year

The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Time named Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.

While we don’t know how well Al Gore and Goldman Sachs fared on their investments in the CCX, we do know that there’s no reason to cry for Sandor. He received $98.5 million for his 16.5% stake in CCX when it was sold. Not bad for a failure that somebody else financed.

Incredibly (but not surprisingly), although thousands of news articles have been published about CCX by the lamestream media over the years, a Nexis search conducted a week after CCX’s announcement revealed no news articles published about its demise.


http://globaleconomi...in-dies-no.html

[stocks]

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 publically traded Intercontinental Exchange a mere 6 months ago


http://hockeyschtick...n-from-now.html