Al GoreÂ is profitingÂ obscenelyÂ from his campaign against global warming.Â Bill O’Reilly reported on the Factor last night thatÂ Gore’s net worth is up some 5,000 percent.Â AndÂ the formerÂ Vice President stands to make many millions more if cap-and-tradeÂ legislation (which already has made it through the House of Representatives) is passed by the Senate and signed into law by President Obama.
Meanwhile,Â we will all be paying the price of Gore’s radical brand of environmentalism.Â Cap-and-trade amounts to a hidden tax (of multi-billion dollar proportions) on all ordinary Americans.Â Even President Obama admitted as much when he said, “[U]nder my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.â€¦ they [coal power plants] would have to retrofit their operations. That will cost money. They will pass that money on to consumers.â€
And that is not all that would skyrocket.Â Every product and service affected by cap-and-trade would increase in price.Â That’s because the cost of the permits that energy companies must buy before releasing carbon dioxide into the atmosphere will be passed on to us.Â Meanwhile the trading of permits in market exchanges will enrich firms on Wall StreetÂ as well asÂ Al Gore, who is affiliated with the cap-and-trade venture-capital firm, Kleiner Perkins Caufield & Byers.
Â This has the unmistakable look and smell of a blatantÂ conflict-of-interest.
If Gore is indeed the savior of the environment that heÂ professes to be, why doesn’t he fork over 100% of his personal profits from cap-and-trade and all other of his greenhouse business ventures, and deposit that money intoÂ a pool of funds that would be distributed to those AmericansÂ whoÂ inevitably will suffer the economic consequences of his policy recommendations?
The answer is thatÂ Mr. GoreÂ prefers to continue living in wealth and splendor, with an enormousÂ “carbon footprint” of his own to boot!