Climate Fraud

This article appeared in the Charging Elephant blog:

The $10 Trillion Climate Fraud


April 29, 2010 · Leave a Comment

Let me keep this short and sweet, this guy needs his ass kicked big time. America cannot afford his delusions, he belongs behind bars in the same cell as Bernie Madoff. As further evidence of his fraudulent assertions, he just completed purchase of a $9 million beach front mansion in CA. Seems he’s not that worried about the rising waters after all. Do we need further evidence.? Al Gore is a complete fraud and a carbon whore.Random thoughts while observing the passing charade, I’m J.C.



Al Gore is co-founder of an investment management firm that is now the fifth-largest shareholder in the Chicago Climate Exchange.







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 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.