always worthwhile to have a 'refresher', and of course still just as relevant today
https://www.forbes.com/sites/larrybell/2013/11/03/blood-and-gore-making-a-killing-on-anti-carbon-investment-hype/#43efaf8132dc
Blood And Gore: Making A Killing On Anti-Carbon Investment Hype
Surprise! Al Gore and his carbon credit huckstering partner David Blood, both principals at Generation Investment Management (GIM), warn in their of peril to fossil fuel investments due to “The Coming Carbon Asset Bubble”. They argue that such “unwise and increasingly wreck less” investment strategies pose three broad risks which willcause carbon assets to become “stranded” and lose economic value: through direct government carbon regulation; as a result of market-share losses to“already competitive” renewable technologies; and due to “sociopolitical pressures” causing carbon-intensive businesses to lose their “license to operate”.
Marketing Climate Alarm:
Of course this carbon regulation is posited upon saving the Earth based upon a “consensus within the scientific community that increasing the global temperature by morethan 2oC will likely cause devastating and irreversible damage to the planet.” And where it comes to promulgating and capitalizing upon carbon-climate-crazed sociopolitical pressure, you would be hard-pressed to find two better authorities.
Gore and Blood,the former chief of Goldman Sachs Asset Management (GSAM), co-founded London-based GIM in 2004. Between 2008 and 2011 the company had raised profits of nearly $218 million from institutions and wealthy investors. By 2008 Gorewas able to put $35 million into hedge funds and private partnerships through the Capricorn Investment Group, a Palo Alto company founded by his Canadian billionaire buddy Jeffrey Skoll, the first president of EBay Inc. It wasSkoll’s Participant Media that produced Gore’s feverishly frightening2006 horror film, “An Inconvenient Truth”.
In 2007, following an investigation of the movie, Sir Michael Burton, a judge in London’s HighCourt, ruled that it can be shown in secondary schools only if accompanied by guidance notes for teachers to balance Mr. Gore’s “one-sided” views.Judge Barton pointed out that its “apocalyptical vision” was politically partisan, and not an impartial analysis. He stated: “It is built around the charismatic presence of the ex-vice president Al Gore, whose crusade is to persuade the world of the dangers of climate change caused by global warming…It is now common ground that this is not simply a science film- although it is based substantially on science research and opinion, but it is [clearly] a political film.”
