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Global Warming Laws Could Make Al Gore First "Carbon Billionaire"

November 5th, 2009 @ 6:02 pm

2 Comments

Categories: BNET, Green Business, Management, Public policy, Sustainability, economy

Tags: Al Gore, Global Warming, Stefan Deeran

Al Gore has made quite the comeback since losing to George W. Bush.  Back in 2000, the former Vice President couldn’t even pull off a proper kiss with his wife.  But now he’s a rockstar among environmentalists and other policy elites for his crusade against climate change.

It’s been three years since an “Inconvenient Truth” changed the debate.  But Gore is still all over the news.  This week, he’s on the cover of Newsweek. He’s also got a new book out called “Our Choice: A Plan to Solve the Climate Crisis.”

And there’s going to be even more Gore stories in the media as we approach next month’s UN summit in Copenhagen on climate change.  Gore recently sat down with CBS’ Katie Couric to make the case that America needs to act quickly to solve what he calls the “climate crisis.”

But many are growing skeptical over Gore’s fast push for laws that could fundementally alter our economy.  Perhaps that’s because Gore stands to profit off of legislation that regulates carbon emissions.  Gore’s green-tech investments could make him the planet’s first “carbon billionaire,” according to an estimate in the UK’s Daily Telegraph.

Last April, Republican Representative Marsha Blackburn gave Gore the chance “to clear the air about [his] motives, to which Gore replied, “Congresswoman, if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”

Do you take him for his word? Is it ok for Gore to make money from climate change legislation?  Please discuss below.

Stefan Deeran consults environmental advocacy groups and businesses on their sustainability strategies and communications plans. He also publishes the online newsmagazine the Exception.
 
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    ExtremeGeek

    11/06/09 | Report as spam

    RE: Global Warming Laws Could Make Al Gore First 'Carbon Billionaire'

    well sure it's ok to make money, but i think facts should be presented by experts that agree and disagree with 'alarmist global warming'. The reasons this legislation be implemented need to be weighed?this is to say, why is it a reasonable argument that the developing world be able to use ?cheap dirty fuel? and the rich west consumer must pay for it through subsidy via carbon taxation? Would it not be far more cost effective for the west to just give the poor developing world the cleaner technologies for producing energy, eg Hydrogen power and other fuel cells (Hydrogenics, FCEL, PLUG, QTWW).
    I think it would be far more advantageous for the west to go about it in this manner rather than just taxing the ring out of the already taxed up the clacker developed world. Does it not make far more sense to bring the entire world into this new energy system at the same time and just compensate the developing world for the perceived opportunity costs. How is this not a win-win for all? With the exception of the oil exporting countries.

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    2

    ingoodcompany

    11/06/09 | Report as spam

    RE: Global Warming Laws Could Make Al Gore First 'Carbon Billionaire'

    I live in the northeastern USA. If Al Gore succeeds in stopping global warming, then my plans for building my retirement home in my own northeastern state are doomed. Why should he get rich while dashing to pieces my hopes for warm climate retirement living without the hassle of moving south? That's just flat out unfair. We've got everything here, plenty of clean water, lush green forest covered hills, beautiful parks, more golf courses per capita than anywhere else in the country, huge energy resources and great people. All we need now is a warmer climate year round to achieve perfection, and Gore is going to screw that up with his constant whining about climate change.

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