Your Questions About Hedge Funds Investing In Films

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Ken asks…

Why did Al Gore lie to congress about his personal finances & global warming profits?

When Tennessee Rep. Marsha Blackburn confronted Al Gore with his profiteering from global warming legislation at today’s House Energy and Environment Subcommittee hearing on the Waxman-Markey climate bill, Al Gore said that every penny he ever made from his business activities went into non-profit efforts. [See transcript below.]

That is a flat-out lie, according to this March 6, 2008 Bloomberg report that indicates that Al Gore invested $35 million of his own money in various for-profit endeavors.

Former U.S. Vice President Al Gore left the White House seven years ago with less than $2 million in assets, including a Virginia home and the family farm in Tennessee. Now he’s making enough to put $35 million in hedge funds and other private partnerships.

Gore invested the money with Capricorn Investment Group LLC, a Palo Alto, California, firm that selects the private funds for clients and invests in makers of environmentally friendly products, according to a Feb. 1 securities filing. Capricorn was founded by billionaire Jeffrey Skoll, former president of EBay Inc. and an executive producer of Gore’s Oscar-winning documentary film on global warming.

http://canadafreepress.com/index.php/article/10567

Read the transcript. So Al Gore simply jumped on the global warming band wagon and supports cap and trade because he can make the almight buck.

Justin answers:

I’m not surprised. What makes it worse, 650 climatologists (scientists not politicians) say that global warming is the biggest hoax ever.

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