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Showing posts with label David Blood. Show all posts
Showing posts with label David Blood. Show all posts

Wednesday, June 2, 2010

Who gets the hockey stick?

There's lots of speculation about why this partnership is coming to an end after 40 years. Lots more speculation about who will get which mansion? Will Tipper get California and leave Tennessee to Al? Why the split? Did Tipper just get tired of the hypocrisy? the narcissism? or is she getting out before the lawsuits start and there's still something to get? Who gets the Prius the private jet? the hockey stick?

Ace has a good thread going and the comments are worth reading.

Update: Alan Caruba weighs in and he's not sympathetic.

After his election defeat Al Gore put in a call to David Blood, an 18-year veteran of Goldman Sachs. As stated in a new book ‘Killing Wealth’, “Together they began talking about the potential for the largest swindle in history.” In 2003, “Mr. Gore and Mr. Blood had established Generation Investment Management and created a $1 billion fund to invest in the ‘green technologies’ that would save the planet.”

Thereafter, in collusion with a handful of climate scientists, Gore led the most sophisticated and diabolical campaign to convince people and entire governments that “the Earth has a fever” due to too much carbon dioxide. It would require, he said, green technologies to save the Earth from global warming.

These are, by the way, the same technologies that have reaped millions in subsidies and grants from the U.S. government for those desperate to convince everyone that a zillion wind turbines or acres of solar collectors were a better source of energy that a few coal-fired or nuclear plants.

This is the same global warming scheme that enriched a number of university scientists like Michael Mann of the University of Virginia and government hacks like James Hansen who, as director of the NASA Goddard Institute for Space Studies, started the hoax with his 1988 testimony about global warming before Congress. Their data has since been debunked.

There was, Gore told everyone, a climate crisis and, in the process he grew rich, hailed the first “carbon billionaire” for his various investments.

Tuesday, March 11, 2008

Gore sustainable investment fund raises $5B

GENEVA: The sustainable investment firm run by Al Gore, the former U.S. vice-president, is about to be closed to new investors, having raised close to its $5 billion target.

Generation Investment Management will probably restrict inflows into its main Global Equity Fund next month, Gore and David Blood, co-founder of the company, said at a news conference Tuesday.
Is there any doubt why Al Gore is the greatest climate fear-monger in the world?

Related: Blood and Gore.

Wednesday, October 3, 2007

The Money and Connections Behind Al Gore’s Carbon Crusade


For Al Gore, the business of climate change is all about the money. Here's a great article by Deborah Corey Barnes at Human Events.com

Al Gore’s campaign against global warming is shifting into high gear. Reporters and commentators follow his every move and bombard the public with notice of his activities and opinions. But while the mainstream media promote his ideas about the state of planet Earth, they are mostly silent about the dramatic impact his economic proposals would have on America. And journalists routinely ignore evidence that he may personally benefit from his programs. Would the romance fizzle if Gore’s followers realized how much their man stands to gain?
There's nothing new about Gore's profit motives concerning carbon trading, but Barnes lays out the details very thoroughly in her article.
Gore’s Circle of Business

Al Gore is chairman and founder of a private equity firm called Generation Investment Management (GIM). According to Gore, the London-based firm invests money from institutions and wealthy investors in companies that are going green. “Generation Investment Management, purchases -- but isn’t a provider of -- carbon dioxide offsets,” said spokesman Richard Campbell in a March 7 report by CNSNews.

GIM appears to have considerable influence over the major carbon-credit trading firms that currently exist: the Chicago Climate Exchange (CCX) in the U.S. and the Carbon Neutral Company (CNC) in Great Britain. CCX is the only firm in the U.S. that claims to trade carbon credits.

CCX owes its existence in part to the Joyce Foundation, the Chicago-based liberal foundation that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who, since the 1970s, has helped create an international policy agenda for the environmentalist movement. Strong has described himself as “a socialist in ideology, a capitalist in methodology.”

(...)

Along with Gore, the co-founder of GIM is Treasury Secretary and former Goldman Sachs CEO Hank Paulson. Last September, Goldman Sachs bought 10% of CCX shares for $23 million. CCX owns half the ECX, so Goldman Sachs has a stake there as well.

GIM’s “founding partners” are studded with officials from Goldman Sachs. They include David Blood, former CEO of Goldman Sachs Asset Management (GSAM); Mark Ferguson, former co-head of GSAM pan-European research; and Peter Harris, who headed GSAM international operations. Another founding partner is Peter Knight, who is the designated president of GIM. He was Sen. Al Gore’s chief of staff from 1977-1989 and the campaign manager of the 1996 Clinton-Gore re-election campaign.

(...)

Front and Center

Clearly, GIM is poised to cash in on carbon trading. The membership of CCX is currently voluntary. But if the day ever comes when federal government regulations require greenhouse-gas emitters -- and that’s almost everyone -- to participate in cap-and-trade, then those who have created a market for the exchange of carbon credits are in a position to control the outcomes. And that moves Al Gore front and center. As a politician, Gore is all for transparency. But as GIM chairman, Gore has not been forthcoming, according to Forbes magazine.
This is only the start, you should read the rest.

There's more in my earlier post: Blood and Gore.

Monday, March 12, 2007

Blood and Gore

It's not Shock and Awe, which was pretty straight-forward, but it's just as nasty. And Blood and Gore weave a very tangled web. Could Al Gore and his business partner at Generation Investment Management (where Al buys his carbon off-sets from himself), David Blood be involved with insider trading with Kyoto grand-daddy Maurice Strong?

Here's a few snippets from the March 16th issue of Executive Intelligence Review:

In November 2004, Al Gore and David Blood launched a London-based investment fund, Generation Investment Management, which insiders affectionately refer to as "Blood and Gore"—and not without reason. Blood, the former CEO of Goldman Sachs Asset Management, brought a small team of former Goldman Sachs personnel with him to the London fund, assuming for himself the job of managing director. Gore took on the Chairmanship of Generation...

But suddenly, on Oct. 30, 2006, Al Gore went back to work for the government: the British government! At a high-profile press conference, releasing a 700-page report on climate change by British government economist Sir Nicholas Stern, British Chancellor of the Exchequer Gordon Brown, the heir-apparent to outgoing Prime Minister Tony Blair, announced that he had "hired" Gore to "advise the British government on climate change." (...)

The announcement that the former U.S. Vice President and 2000 Democratic Party Presidential candidate would be taking a job working for a foreign government caused only a minor stir, when word of the appointment crossed the Atlantic. But several important questions are posed by the Gore "hiring." (...)

Has the former Vice President properly registered with the U.S. Department of Justice as an agent of a foreign government, under the U.S. Foreign Agents Registration Act?
Never mind that, it gets much more interesting...
On deeper investigation, it appears that Gore's move to London—first through the Blood and Gore hedge fund, and later through his "hire" as a Blair-Brown advisor—are all part of the same program. And this carries with it the strong stench of insider trading...

One of the central recommendations of the Stern report was to make carbon-swaps and similar greenhouse gas reduction schemes mandatory worldwide. The implementation of this scam is part of Gore's portfolio as Blair and Brown's "advisor" on implementing the climate control agenda.

Brokering and speculating on carbon swaps is also what Generation Investment Management is all about! Blood and Gore intend to get in on the ground floor of what may prove to be the biggest and most bizarre financial bubble ever conjured up by Anglo-Dutch financiers and their fiction writers...

Typical of this Gore/British chicanery was the then-Vice President's role in a nasty insider trading and consumer-fraud scheme, cooked up by a group of Gore allies, including his long-time mentor Maurice Strong, the Canadian-born guru of Earth Day and the Rio de Janeiro Earth Summit, who is a top figure in Prince Philip's and the late Prince Bernhard's 1001 Club, a tax-exempt cash pool feeding the Worldwide Fund for Nature (WWF) and other environmental and Malthusian fronts, created by the Anglo-Dutch oligarchy.
Emphasis added. Then there's that little thing about Molten Metal Technology, Inc in Massachusetts, run by Mo Strong and a group of Gore associates and how corporate officers — including Strong — sold off $15.3 million in personal shares in the company just before stock prices collapsed when the DOE decided to cut funding to the company. Did then VP Al Gore know ahead of time? You're just going to have to read the rest.

Makes one wonder about Stephane Dion's claims about "making megatonnes of money" by endorsing Kyoto. For who, Stephane? For who?