by Whitney Pitcher
“It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.” – President Ronald Reagan
Last week, Democratic Congresswoman Barbara Lee and others passed a resolution stating that climate change disproportionately affects women and may drive them to engage in “transactional sex” (i.e. prostitution). There is a nugget of truth in Lee’s ridiculous resolution. Climate change itself may not drive women to prostitution, but the farce of climate change has driven some men (and probably some women as well) to essentially engage in political prostitution.
Yesterday, a Bloomberg article noted that Al Gore is now worth upwards of $200 million. Gore has derived his wealth from several avenues, but many of these are tied to his peddling of green Henny Penny nonsense. The Bloomberg article notes that Al Gore’s film, “An Inconvenient Truth”, led to speaker’s fees of around $175,000 a pop. Additionally, as has been often noted, Gore’s sale of Current TV to Al-Jazeera netted him $100 million by itself. Gore also has his hand in green investing, which has ultimately padded his own pocketbook. In 2004, Gore joined with former Goldman Sachs managing director David W. Blood to form Generation Investment Management (GIM), as Bloomberg notes (emphasis added):
By the time of the Capricorn investment, he was already starting to rake in cash from Generation Investment Management – – a fund that incorporates “sustainability” into its investment approach. Gore co-founded GIM in 2004 with former Goldman Sachs Group Inc. Managing Director David W. Blood.
Public filings show that in 2008 through 2011 London-based GIM racked up almost 140 million pounds ($218 million) in profits to be split among its 26 partners. Gore and Blood as founders are thought to have the largest equity stakes.
Not of all of Gore’s investments have been successful though. GIM later partnered with Kleiner Perkins Caufield & Byers on “green” investments. Kleiner Perkins backed Fisker, an electric car company, which received more than half a billion dollars in government loans in 2009 only to lay off about 75% of its staff last month. When Gore’s “investments” have been unsuccessful, often its the American taxpayer–non-consenting investors–who lose.
The American people became non-consenting investment partners in billion of dollars of Department of Energy grants and loans from President Obama’s 2009 stimulus package and other efforts over the last few years. Roughly 80% of those DOE loans went to companies tied to President Obama’s donors. The Obama administration has invested hundreds of millions in taxpayer dollars in biofuels for the US Navy. A biofuel company that received a more than a half a billion contract, Solazyme, has ties to former Obama adviser and donor, T.J. Glauthier. Solazyme’s contract is equivalent to $16 a gallon for fuel, about four times as high as traditional fuels. Even as the Navy’s budget is being cut by sequestration, they are continuing to make this expensive type of fuel a priority.
At best, climate change and its cause are unproven. Some cite a summer of higher temperatures as proof of climate change. Others say that man-created pollution may be the cause of a cooler spring. Even if anthropogenic climate change was true, the methods of mitigating its effects are unhelpful. Electric cars are often charged by coal powered electricity and are prone to catch on fire (more carbon emissions!). Biofuels, like wood and grain-based ethanol and algae based fuels, have proven to be inefficient in both their production and their consumption. All this “green” light district business does is fill the bank accounts of the politically connected at the expense of the American taxpayer…and proves President Reagan right once again.