Kowabunga

Business must not be going to well for Al Gore's Generation Investment Management. That's the London-based company he formed that deals in carbon offsets and provides him with his own set so he can claim to be "carbon neutral."

Why do I say this? Because Al "Carbon Bigfoot" Gore is back in the news pushing for the U.S. and other nations to adopt mandatory restrictions on carbon emissions. Of course is such happens he stands to make some good financial gains through the dealing in carbon credits.

It's bad enough that Congressman Dingell is calling to eliminate the mortgage interest deductions on houses over 3000 square feet, something that won't impact the Al Gores of the world as they don't have mortgages and have to struggle to make ends meet, but it will impact Midwestern homeowners that have finished basements of any size under their house.

From the Financial Times:

"This is an emergency," Mr Gore told the opening session of the Clinton Global Initiative. "I think that the key to fighting global poverty is to have the wealthy nations and the developing nations join together to reduce global warming … I think what we need is a global Marshall plan to make the creation of jobs around the reduction of carbon the central principle for how we develop this."

A "global Marshall plan?" Global poverty? Okay, first off the best way to fight global poverty is to get rid of all the dictatorships and end all forms of socialism. Both stifle freedom (look at Iran, North Korea, China, Venezuela, Cuba, and the list goes on). When people have access to the same kind of liberties that our Founding Fathers had here in North America, and they have the ability to achieve without the shackles of big government weighing them down, poverty can come to an end on a global scale.

As for reducing global warming, there isn't anything mankind can do to slow down a natural process. There are many factors known to influence the warming of the Earth's climate that are not related to carbon emissions, include sunspot activity.

There is a lot of material in the FT piece. I just wish that Al Gore would pick up and read a science book before spouting off about how his company isn't doing well in the carbon offset market.

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Gore Generation Investment Management Carbon Offsets Marshall Plan