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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Sully- who wrote (55459)3/5/2007 5:50:58 PM
From: Oeconomicus  Read Replies (2) of 90947
 
So it does appear that Gore profits handsomely when he buys carbon credits from his own "green money-making machine".

As I think more about it, I'm coming to the conclusion that for Gore, buying "offsets" from himself is just his way of ensuring the success of his vehicle for riding the next big investment mania. It's like when so many big industrial companies were investing in dot com ventures that depended on association with their industrial investors (because they had lousy underlying business plans) to ensure a hot IPO.

What were previously just mediocre alternative energy ventures, with the hype of global warming and calls for "market solutions" - i.e. tradeable offsets, are now carbon plays. Expect a flood of carbon play IPOs starting in a year or two.
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