You have to worry when you start a post like this. Not because the facts are wrong, nor is it the possible repercussions for the subject. No, the real worry is that it took me only 15 minutes research on the internet to discover this little factoid and yet since it’s original posting in 2007 it has not been repeated, reported (in the mainstream), rebuked or commented upon (save for the two joke comments).
Here are the facts. Al Gore’s massive house uses HUGE amounts of power. This story goes back to a story the Tennessean ran in 2007.
But Gore and Snopes got back to them and made sure they realised that all the CO2 was being taken care of, in the nature of taking out Carbon Credits.
But what Gore (and Snopes) failed to mention, and something they presumably wouldn’t like the SEC to know about, is that the Carbon Credits were purchased from Generation Investment Management. Which is a company Gore co-founded and serves as chairman, a position he draws a salary/dividend from.
So, as pointed out in this article.
Gore presumably draws an income or will make money as its investments prosper. In other words, he “buys” his “carbon offsets” from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn’t buy “carbon offsets” through Generation Investment Management – he buys stocks.
For those who don’t actually own a Carbon Offset organisation, that money would be heading west into somebody else’s pockets. Perhaps even Mr Gore’s. But as it is, Al Gore manages to make tax reductions, look squeaky clean AND make money on sending his own “ill gotten gains” around a big loop, reducing the tax on the way around.
There’s a similar little loop in the European Union regarding Value Added Tax. It’s illegal and the last person caught has got 20 years. But that would never happen to Al Gore, he’s like Teflon.