The $10 Trillion Climate Fraud
Al Gore is co-founder of an investment management firm that is now the fifth-largest shareholder in the Chicago Climate Exchange.
Al Gore,Liar for Hire
Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.
Lost in the recent headlines was Al Gore's appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation's philanthropic leaders.
"Time's running out (on climate change)," Gore told them. "We have to get our act together. You have a unique role in getting our act together."
Gore was right that foundations will play a key role in keeping the climate scam alive as evidence of outright climate fraud grows, just as they were critical in the beginning when the Joyce Foundation in 2000 and 2001 provided the seed money to start the Chicago Climate Exchange. It started trading in 2003, and what it trades is, essentially, air. More specifically perhaps, hot air.
The Chicago Climate Exchange (CCX) advertises itself as "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Barack Obama served on the board of the Joyce Foundation from 1994 to 2002 when the CCX startup grants were issued. As president, pushing cap-and-trade is one of his highest priorities. Now isn't that special?
Few Americans have heard of either entity. The Joyce Foundation was originally the financial nest egg of a widow whose family had made millions in the now out-of-favor lumber industry.
After her death, the foundation was run by philanthropists who increasingly dedicated their giving to liberal causes, including gun control, environmentalism and school changes.
Currently, CCX members agree to a voluntary but legally binding agreement to regulate greenhouse gases.
The CCX provides the mechanism in trading the very pollution permits and carbon offsets the administration's cap-and-trade proposals would impose by government mandate.
Thanks to Fox News' Glenn Beck, we have learned a lot about CCX, not the least of which is that its founder, Richard Sandor, says he knew Obama well back in the day when the Joyce Foundation awarded money to the Kellogg Graduate School of Management at Northwestern University, where Sandor was a research professor.
Sandor estimates that climate trading could be "a $10 trillion dollar market." It could very well be, if cap-and-trade measures like Waxman-Markey and Kerry-Boxer are signed into law, making energy prices skyrocket, and as companies buy and sell permits to emit those six "greenhouse" gases.
So lucrative does this market appear, it attracted the attention of London-based Generation Investment Management, which purchased a stake in CCX and is now the fifth-largest shareholder.
As we noted last year, Gore is co-founder of Generation Investment Management, which sells carbon offsets of dubious value that let rich polluters continue to pollute with a clear conscience.
Other founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. In 2006, CCX received a big boost when another investor bought a 10% stake on the prospect of making a great deal of money for itself. That investor was Goldman Sachs, now under the gun for selling financial instruments it knew were doomed to fail.
The actual mechanism for trading on the exchange was purchased and patented by none other than Franklin Raines, who was CEO of Fannie Mae at the time.
Raines profited handsomely to the tune of some $90 million by buying and bundling bad mortgages that led to the collapse of the American economy. His interest in climate trading is curious until one realizes cap-and-trade would make housing costlier as well.
Amazingly, none of these facts came up at Senate hearings on Goldman Sachs' activities, which may be nothing more than Ross Perot's famous "gorilla dust," meant to distract us from the real issues.
The climate trading scheme being stitched together here will do more damage than Goldman Sachs, AIG and Fannie Mae combined. But it will bring power and money to its architects.
Alan Jones comments on the scandal surrounding Goldman Sachs and says
former U.S vice president Al Gore is right in the thick of it.
Beijings most senior representative in Australia,Lu Kewen aka. Australian Labor PM Kevin 07 Rudd, vows to continue Labor’s WAR against Australia’s “working families”
Barbara Hollingsworth: Who's who on climate fraud
By: Barbara Hollingsworth
WashingtonExaminer
Local Opinion Editor
December 4, 2009
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In 1912, a respected paleontologist at the British Museum confirmed that bones found in a Piltdown quarry came from the “missing link” between apes and humans. Forty years later, the so-called Piltdown Man was proved to be a hoax. Thanks to purloined e-mails from the University of East Anglia’s Climate Research Unit (CRU), global warming is turning out to be the 21st-century equivalent of Piltdown Man.
E-mails between a small group of highly influential climate scientists at the center of the worldwide panic over global warming exposed multiple discussions among them concerning their manipulation of data and using various evasive tactics to avoid releasing the facts behind their ginned-up numbers to the public via Freedom of Information Act requests.
Here’s a rogue’s gallery of five major perpetrators of what’s turning out to be the biggest scientific hoax in modern history:
Geoff Jenkins, chairman of the United Nations Intergovernmental Panel on Climate Change’s first scientific group and self-described “frontman explaining climate change.” Jenkins admitted in 1996 to a “cunning plan” to feed fake temperature information to Nick Nuttall, head of media for the United Nations Environment program. At the time, Jenkins predicted temperatures in London would hit 113 degrees Fahrenheit and the Thames River would rise three feet even though 1996 was, in fact, cooler than 1995.
Phil Jones, director of the CRU, controlled two key databases that are the primary sources underlying claims by the United Nations and others of a global scientific “consensus” that catastrophic consequences will result from man-made global warming unless trillions of dollars are spent now to prevent it.
Jones e-mailed instructions to colleagues to “hide the decline” in temperatures and to pressure editors of academic journals to blackball the work of “climate skeptics.”
After claiming that the original climate data had been destroyed in the 1980s, Jones was caught urging his CRU colleagues to “delete as appropriate” data requested under Britain’s freedom of information laws.
Michael Mann, director of Penn State University’s Earth System Science Center, is one of the lead authors of the U.N.’s Inter-governmental Panel on Climate Change report. Mann was the originator of the “hockey stick” graph that supposedly proved that the Earth’s temperature was at the highest level in recorded history. However, it also appeared to eliminate both the Medieval Warm Period, in which surface temperatures were higher than they are today, and Europe’s “Little Ice Age.”
In 2003, Canadian statistician Steve McIntyre exposed the flawed methodology behind Mann’s hockey stick. The recent e-mail leak led another scientist to quip: “Dr. Mann is in transition from Penn State to State Pen. We can only hope he does a better job with license plates.”
Mann has been a committee chairman for the National Academy of Sciences and a member of multiple NAS panels and committees.
James Hansen, head of NASA’s Goddard Institute for Space Studies, whose records were also cited as evidence, second only to the CRU data, of incontrovertible man-made global warming. McIntyre also caught Hansen engaging in the same sort of statistical manipulation in which past temperatures were lowered and recent ones “adjusted” to convey the false impression that the nonexistent warming trend was accelerating. After trying to block McIntyre’s IP address, NASA was forced to back down from its claim that 1998 was the hottest year in U.S. history.
Al Gore, Former Vice President Al Gore is the author of “An Inconvenient Truth,” star of the 2006 Oscar-winning movie of the same name and winner of the 2007 Nobel Peace Prize for his tireless efforts to limit economic development in industrialized countries with a cap-and-trade scheme. Many experts agree that such a system would increase food and energy prices, while wasting trillions of dollars on alternative energy sources (in which Gore is heavily invested). Gore’s case rests on the now-discredited theory that carbon dioxide emissions (which are increasing) are heating up the Earth’s atmosphere, even though actual global temperatures have been declining for at least a decade.
These five, though far from being the only ones, are among the top perpetrators of the Great Global Warming Hoax. They should never be taken seriously again.
Barbara F. Hollingsworth is The Examiner's local opinion editor.
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