Archive for the 'New Social Order' Category

Pickens scraps wind scam

July 9, 2009

“In a sign of the difficulties facing the development of wind energy, T. Boone Pickens, the legendary Texas oilman, is suspending plans to build the world’s largest wind farm,” reports reports the New York Times.

We are proud to have helped expose the Pickens Plan for the scam that it was.

This is quite the embarrassing legacy for the “legendary Texas oilman.”

Waxman-Markey: Corruption In, Corruption Out

June 23, 2009

It’s hard to say whether the Waxman-Markey global warming bill that will soon be debated and voted on in the House is the most intellectually- and morally-corrupt bill ever seriously considered by Congress. But I’d bet that there are 433 congressmen who are glad that this legislative atrocity is not named after them.

After years of fierce battling by greens and global warming skeptics, few Americans seem to buy into the bill’s premise — that manmade emissions of carbon dioxide are causing the planet to run a fever, as Al Gore is fond of saying. Just this week, a public relations firm advising House Democrats recommended that the notion of “global warming” be dropped as a primary message since “almost no one in our focus groups expressed such concern.”

So despite all the frantic global warming alarmism — and the vicious likening of skeptics to Holocaust-deniers by Gore and the legions of green fanatics in activist groups, the media, industry and government — the out-manned and out-gunned skeptics have largely succeeded in being heard by Americans.

Ironically, the wild claims of Gore and the greens may have actually damaged the “green” brand. The PR firm also advised dropping the term “green” since it has become “meaningless or confusing” in focus group-testing.

Though stripped of its intellectual pretense, Waxman-Markey nevertheless soldiers on to House debate and vote. How this has come to pass must be one of the great tragicomedies of American political history.

To compel Congress and industry to work together toward the Waxman-Markey cap-and-trade regime, President Obama threatened both with EPA regulation of carbon dioxide, a move that would prevent Congress from reaping the political benefits of doling out $9 trillion worth of taxpayer funds to certain industries and special interest groups between 2012 and 2050. President Obama moved a step toward making good on this threat by ordering the EPA to declare carbon dioxide — what humans exhale and what plants need to grow — a threat to the public welfare.

Apparently even President Obama’s staff was somewhat embarrassed about that move. Obama climate czar Carol Browner ordered a “vow of silence” and issued an edict to “put nothing in writing ever” concerning White House staff deliberations on the matter.

When House Republicans Darrell Issa and James Sensenbrenner called for an investigation into Browner’s potentially “deliberate and willful violation” of the Presidential Records Act, Rep. Henry Waxman got Issa and Sensenbrenner to drop the subject with vague promises to “monitor the situation” and to “potentially” hold a hearing. None of Waxman supposed promises will be implemented before the House debate and vote on Waxman-Markey.

Competing for most-appalling character in the Waxman-Markey saga is Rep. Ed Markey. Immediately after the head of Warren Buffet’s electric utility unit testified against Waxman-Markey’s cap-and-trade provision, Markey fired off a letter to the Federal Energy Regulatory Commission (FERC) specifically requesting that Buffet’s utility be investigated. After being rebuked by House Republicans for this blatant intimidation, Markey then asked FERC to expand the requested investigation to all investor-owned utilities, rather than appearing to single out Buffet’s. Now all utilities are under operating with a Markey-pointed gun to their heads.

Although many businesses have been coerced into supporting Waxman-Markey, much of big business has actively pushed for the bill. Many Wall Street banks hope to profit from the trading of the $9 trillion in emissions allowances to be created under Waxman-Markey. Goldman Sachs would be the preeminent global warming bookie as it owns the exchanges where carbon allowances would be traded.

General Electric, whose CEO sits on Barack Obama’s Economic Recovery Advisory Board, was instrumental in putting together the U.S. Climate Action Partnership (USCAP), a bizarre big business-environmental activist group lobbying consortium that is a primary driver of global warming legislation. USCAP has even taken credit for drafting parts of Waxman-Markey. GE, it seems, would like a federal law requiring electric utilities buy the wind turbines and other energy technologies manufactured by — guess who — GE.

Republican James Sensenbrenner recently asked the Department of Justice to investigate USCAP members General Motors and Chrysler for illegally using taxpayer bailout money to lobby for global warming legislation. AIG, the insurance giant that is now a ward of U.S. taxpayers, only dropped out of USCAP after Rep. Joe Barton pointed out the illegality of accepting federal money and then using it to lobby the federal government.

And then there’s Al Gore, who stands to become the first “carbon billionaire” through his partnership in the venture capital firm of Kleiner Perkins Caufield and Byers and the UK-based investment firm of Generation Investment Management. When Gore testified in favor of global warming legislation before the Senate Foreign Relations Committee in January, he failed to disclose his personal financial interests and no Senator came close to asking him about them.

When he testified in April before the House Energy and Environment Subcommittee in favor of Waxman-Markey, Gore again failed to disclose his conflicts-of-interest. When Reps. Marsha Blackburn (R-TN) and Steve Scalise (R-LA) probed into these matters, Gore feigned ignorance and pretended that he would not personally benefit from Waxman-Markey. Although Rep. Waxman made baseball players testify under oath to Congress about the comparatively petty issue of drug use in baseball, he did not subject Gore to penalty for perjury.

In addition to Waxman-Markey’s $9 trillion wealth transfer from taxpayers to special interest groups, the Brookings Institution also estimates that Americans will lose $2 trillion (present value) in purchasing power between 2010-2050. Al Gore dubiously counters that the per household cost of Waxman-Markey is about the value of a postage stamp per day.

But even that’s too much for a bill that will accomplish nothing for the environment while simultaneously making a mockery of our system of government.

Steven Milloy publishes JunkScience.com and is the author of the Amazon.com bestseller, Green Hell: How Environmentalists Plan to Control your Life and What You Can Do to Stop Them.

Poor countries: Tax international air travel for global welfare fund

June 8, 2009

From The Guardian,

Britain and other rich countries will be asked to accept a compulsory levy on international flight tickets and shipping fuel to raise billions of dollars to help the world’s poorest countries adapt to combat climate change.

The suggestions come at the start of the second week in the latest round of UN climate talks in Bonn, where 192 countries are starting to negotiate a global agreement to limit and then reduce greenhouse gas emissions. The issue of funding for adaptation is critical to success but the hardest to agree.

The aviation levy, which is expected to increase the price of long-haul fares by less than 1%, would raise $10bn (£6.25bn) a year, it is said.

Poor countries are just cutting their own throats by siding with the greens who, if they had their way, would simply ban international air travel — except, of course, for the green elites like Al Gore, Nancy Pelosi, Barack Obama, Richard Branson, the Google creeps, etc.

Moreover, if poor countries want to be richer, in addition to political reform, they should kick the anti-development, people-hating greens out of their countries, as Paul Driessen explains in his book Eco-imperialism: Green Power, Black Death.

Obamanomics: Green jobs = Pay cuts

June 5, 2009

The Left still lambasts the trickle-down theory behind Reaganomics. Meanwhile, the green jobs theory behind Obamanomics is turning out to be more akin to a nose-dive for worker wages.

The hype

In campaign literature abotu creating 5 million “green jobs,” then candidate Obama said,

The Obama plan will increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable, high-paying jobs. [Emphasis added]

in its article about a March 26 White House “townhall meeting”, the Associated Press reported that,

Obama said job creation in America is difficult in a time of economic hardship and that the work of the future should be in more high-paying, high-skill areas like clean energy technology. [Emphasis added]

The reality

But CNNMoney reports:

Massive investment in renewable energy could ultimately create 4 million manufacturing jobs. But for the workers in the bottom rung of this movement, the shift to green jobs could very well mean a pay cut of nearly 60%, a trend spreading across the entire manufacturing sector.

Many of the entry-level jobs making green energy components start at $12 an hour, much less than the now extinct $28 an hour job that had allowed high school-educated workers in the auto sector to achieve middle class status.

“Particularly at the lower end, these are not very good jobs,” said Philip Mattera, research director at Good Jobs First, a labor-friendly research group, also acknowledging that the renewable energy sector paid wages that were “all over the map”… [read more]

Obama buddy Al Gore will possibly make more than a billion dollars from his “green job” — that is, investing in, and lobbying for cap-and-trade — but not everyone will be so fortunate.

Al Gore invests millions to make billions in cap-and-trade software

June 2, 2009

Al Gore’s venture capital firm has invested $6 million in a software company that stands to make billions of dollars from cap-and-trade regulation — further fueling controversy that Gore lied about his profiteering from cap-and-trade to Rep. Marsha Blackburn (R-TN) and the House Energy and Environment Subcommittee during testimony in April.

Hara Software sells software to help track greenhouse gas emissions. The market for such software is now about $2.5 billion dollars in size, and is expected to grow by a factor of ten to $25 billion if cap-and-trade legislation is enacted, according to Hara CEO Amit Chatterjee.

Kleiner Perkins, a venture capital firm in which Al Gore is a partner, invested in Hara just last year. Chatterjee told Reuters that,

“This company would not have existed if Al Gore had not bought off on the idea.”

Gore is also under fire for lying to Rep. Steve Scalise (R-LA) at the same congressional hearing about his relationship with Goldman Sachs.

Operating as a stealth tax, cap-and-trade will make the vast majority of Americans poorer and less free — but Al Gore, Kleiner Perkins, Amit Chatterjee and Hara will be laughing all the way to the bank.

Hey, Al Gore: How will Waxman-Markey save the planet?

May 18, 2009

May 18, 2009

Dear Al Gore,

How will the Waxman-Markey bill — legislation that you have endorsed — save the planet from the disaster that you claim is imminent?

You have said that,

Humanity is sitting on a ticking time bomb. If the vast majority of the world’s scientists are right, we have just ten years to avert a major catastrophe that could send our entire planet into a tail-spin of epic destruction involving extreme weather, floods, droughts, epidemics and killer heat waves beyond anything we have ever experienced. [Emphasis added]

But under the fantasy emission-reduction scenario of the Waxman-Markey bill, the U.S. would reduce its greenhouse gas emissions from more than 7 billion tons today to about 5.6 billion tons in 2020 — the level at which U.S. greenhouse gas emissions were in 1988 when NASA’a James Hansen famously sounded the alarm about global warming in congressional testimony.

So in a sense, after ten years of Waxman-Markey we’d only be back at square one.

Meanwhile, worldwide CO2 emissions are projected to increase from about 30 billion tons in 2009 to about 37 billion tons in 2020. Even if the Waxman-Markey fantasy came true and U.S. emissions were reduced by 1.4 billion tons, worldwide CO2 emissions would still increase to about 35.6 billion tons annually.

Pray tell, Mr. Gore, how will Waxman-Markey avert the “major catastrophe” that you say we only have ten years to avoid?

And while you’re spinning the answer to that one, Mr. Gore, would it be possible to get a list of your investments that would benefit from the Waxman-Markey bill?

Sincerely,

Your friends at JunkScience.com

Cap-And-Trade: Al Gore’s Cash Cow

April 30, 2009

Today’s lead editorial in Investor’s Business Daily about Al Gore’s profiteering at consumer/taxpayer expense mentions Steve Milloy’s new book, Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.

As IBD points out:

Gore’s altruism claim [during last week's congressional hearing] is phony. According to a March 6 Bloomberg report, Gore invested $35 million of his own money not in green nonprofits, but with the very profitable Capricorn Investment Group LLC, a Palo Alto, Calif., firm that directs clients to green investments and invests in makers of environmentally friendly products.

Photo: Al Gore’s Moment of Untruth

April 27, 2009

At the April 24 House Energy and Environment Subcommittee hearing when Rep. Steve Scalise (R-LA) asked Al Gore about his business interests with the Wall Street firm of Goldman Sachs, Gore scrunched up his face like he had never even heard of anything called a “Goldman Sachs” and, then, twice denied that he had any business interests with the Wall street firm.

We now know, of course, that Al Gore did not tell the truth. Via the venture capital firm of Kleiner Perkins where he is a partner, Gore has invested along with Goldman Sachs in a floundering oil drilling company called Terralliance.

The photo, below, shows Al Gore at his moment of untruth.

goldmanwho

Al Gore lies to Congress: Part 2 — Goldman who?

April 27, 2009

It’s a good thing Al Gore didn’t have to raise his right hand and take an oath to tell the truth before he testified on April 24 to the House Energy and Environment Subcommittee about the Waxman-Markey climate bill.

GreenHellBlog.com first reported on April 24 that Al Gore lied to the Subcommittee about his personal finances during questioning by Tennessee Rep. Marsha Blackburn. It turns out that Gore also lied to Louisiana Rep. Steve Scalise, who had asked Gore about his connections with the Wall Street firm of Goldman Sachs.

While the connection between Gore and Goldman Sachs that Scalise probably was referring to involves David Blood, the former CEO of Goldman Sachs Asset Management who is the co-founder with Gore of the U.K.-based investment firm of Generation Investment Management, the April 27 issue of Fortune unearths a more appalling connection between Gore and Goldman Sachs.

In mid-2008 — six months after Gore joined the venture capital firm of Kleiner Perkins as a partner — Kleiner Perkins joined Goldman Sachs in financing a company called Terralliance — an oil exploration firm!

As Fortune reports,

Kleiner’s dirtying its hands in the oil patch was something of a head-scratcher. Back then the firm had recently hired Al Gore as a partner. But money is money, oil was trading for $140 a barrel, and Terralliance was said to have developed software that reduced the risk of drilling dry holes. It looked as if Terralliance could be a moneymaker for Kleiner, which had sunk a total of $65 million into the venture, an extraordinary sum for a VC firm — possibly its biggest single investment ever.

But less than one year later, Terralliance has faired poorly, burning through hundreds of millions of dollars, according to Fortune.

The salient facts, here, are not that one of Kleiner Perkins investments went south, but the following:

  • Kleiner Perkins and Goldman Sachs had both invested in Terralliance;
  • Given that Terralliance was venture capital-funded by Kleiner Perkins, Goldman Sachs and a few others, Kleiner Perkins and Goldman knew that they were essentially financial partners in Terralliance’s success.
  • Al Gore joined Kleiner Perkins as a partner well before Kleiner Perkins entered into the Terralliance deal.
  • As a Kleiner Perkins partner, Al Gore must have known, if not approved of the Terralliance deal, and that it involved Goldman Sachs. At the very least, under partnership law, such knowledge is legally imputed to him as a partner.
  • Kleiner Perkins investment in Terralliance was not trivial, but perhaps its largest ever in any enterprise. Gore must have known about it.

Getting back to the April 24 House Energy And Environment Subcommittee hearing, when Rep. Scalise asked Gore,

… and I know you’ve got interests with Goldman Sachs.

To which, Gore made facial gestures that virtually implied he had never even heard of Goldman Sachs. Gore then replied,

No.

Rep. Scalise continued,

… well, that’s been reported. If — is that not accurate?

Gore replied,

No. I wish I did, but I don’t.

There you have Gore flatly denying that he had interests with Goldman Sachs when he clearly did.

The irony is that during Gore’s exchange with Rep. Scalise, he accused the fossil fuel industry of lying to Scalise and the American people for 14 years. As it turns out, the part of the fossil fuel industry that lied to Rep. Scalise and the American people was none other than Terralliance-investor Al Gore himself.

Transcript of Rep. Steve Scalise-Al Gore exchange during the April 24, 2009 House Energy and Environment Subcommittee hearing on the Waxman-Markey climate bill.

REP. STEVE SCALISE (R-LA): Thank you, Mr. Chairman.

As we debate what I agree is a very important piece of legislation, a piece of legislation, in my opinion, and many others, that would have very detrimental effects on our economy if it was implemented the way it’s been drafted.

We’ve been trying to get a quantifiable grasp on the cost of this bill — how much it would actually cost American families; how many jobs would be created and lost? And we’ve — number one, on the science side, we’ve had very divergent views. We’ve had dozens of experts come, over the last few days, and testify, giving very different opinions on the science.

On the economics of it, we have not had the same kind of divergence. In fact, most economists and experts that have testified on the cost acknowledge — in fact, I’ll refer to President Obama’s own budget that was just passed two weeks ago. If you go to page 119 often President’s budget, he’s anticipating generating $646 billion in new tax revenue from this bill. So, clearly, the president expects this bill to generate $646 billion in new taxes that even his own budget director has said would be passed on to consumers…

And then, Senator Gore, talk to the numbers that this Congressional Budget Office — and now the president’s budget director, gave to your bill, and how that would relate to this bill in terms of the cost to American families of implementing a cap-and-trade energy tax…

MR. GORE: Congressman, you began by denying that there is a consensus on the science. There is a consensus on the science.

REP. SCALISE: Well, you must not have been listening to our testimony that we’ve had for the last few days, with dozens of experts that have come in, who have given completely different views.

MR. GORE: Well, there –

REP. SCALISE: So, I would — I would encourage you to go back and look at the testimony that this committee’s heard.

MR. GORE: There are people who still believe that the moon landing was staged on a movie lot in Arizona. But –

REP. SCALISE: And neither of us are one of those. And I know you like giving those cute anecdotes. This is not a cutsie issue. We’re talking about –

MR. GORE: No, that’s, that’s –

(Cross talk.)

REP. SCALISE: — that could export millions of jobs out of our economy, out of our country. And testimony’s been given just to those numbers.

And so we’re talking about a serious consequence that there would be on this country, and the carbon leakage that would occur, where the carbon would be emitted but it would be emitted in China and India, and the jobs would go to China and India. And that’s been testified before this committee in the last few days as well.

MR. GORE: Man –

REP. SCALISE: So testify about the actual costs. Do you want to –

MR. GORE: Man –

REP. SCALISE: — talk about the costs?

MR. GORE: — man-made — global warming pollution causes global warming.

That’s not a cutsie issue. It’s not an open issue –

REP. SCALISE: It’s your — and it’s your opinion, obviously. You’ve stated it many times.

MR. GORE: It’s the — it’s the –

REP. SCALISE: But, would you talk to the cost?

MR. GORE: — it’s the opinion of global scientific community. And, more importantly –

REP. SCALISE: They’re not in unanimity. There are others on the other side.

MR. GORE: — more importantly, more importantly, Congressman, that opinion is the opinion of the scientific studies conducted by the largest corporate carbon polluters 14 years ago, who have lied to you and who have lied to the American people for 14 years –

REP. SCALISE: And you talk about carbon — and I’ve got to — I’m running out of time, we talk about carbon polluters. You talk about them. It’s my understanding that back in 1997, when you were vice president, Enron’s CEO, Ken Lay, was involved in discussions with you at the White House, about helping develop this type of policy, this trading scheme. Is that accurate? Is it inaccurate? It’s been reported.

MR. GORE: I don’t know. But I met with Ken Lay, as lots of people did, before anybody knew that he was a crook.

REP. SCALISE: Right. And clearly you can see why so many of us are concerned about this type of cap-and-trade energy tax that would be literally turning over this country’s energy economy.

MR. GORE: I didn’t know him well enough to call him quot;Kenny boy.quot;

REP. SCALISE: Well, you — but you knew him well enough to help devise this trading scheme. And, obviously, we know what Enron and these big guys on Wall Street, like Goldman Sachs — and I know you’ve got interests with Goldman Sachs.

MR. GORE: No.

REP. SCALISE: These people — well, that’s been reported. If — is that not accurate?

MR. GORE: No. I wish I did, but I don’t –

REP. SCALISE: With executives from — you’re partnered in companies with executives from Goldman Sachs. Well, if you’re not, either way, Enron clearly had an interest in doing this when they were around, and we saw what they did.

And when you see the types of people involved in wanting to set up this kind of scheme, you can see why so many of us are concerned about –

MR. GORE: Are you –

REP. SCALISE: — turning our energy economy over to a scheme that was devised by companies like Enron and some of these Wall Street firms that –

MR. GORE: Well, that –

REP. SCALISE: — have wrecked our financial economy.

MR. GORE: — I don’t really know if you want me to respond to that. I guess what you’re trying to say — you’re trying to –

REP. SCALISE: I mean, clearly, there would be –

(Cross talk.)

REP. SCALISE: — big winners and big losers.

MR. GORE: — you’re trying to say — there’s some kind of guilt by association? Is that your –

REP. SCALISE: Not association. I’m saying that there are going to be big winners and big losers in this bill. And that’s been discussed by everybody talking — big winners and big losers.

But, some of the big winners are some of the very financial experts that helped destroy our financial marketplace. And I think that should be noted, that companies like Enron helped come up with this trading scheme that was invoked –

MR. GORE: Enron didn’t –

REP. SCALISE: — in cap-and-trade.

MR. GORE: — Enron didn’t create this proposal in any way, shape or form –

REP. SCALISE: Well, the details are not in this bill –

MR. GORE: — that’s a false accusation.

REP. SCALISE: — the details are not in this bill, and I would suggest that they are.

Gore lies to Congress about personal finances

April 24, 2009

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.

Kudos to Rep. Blackburn for asking one of the “10 Questions for Al Gore” and exposing Gore as the fundamentally dishonest operator that he is.

Here’s the transcript from the April 24, 2009 exchange between Al Gore and Rep. Blackburn. Note that not only does Al Gore lie to Rep. Blackburn, he tries to turn the tables by implicitly accusing her of being anti-business.

Rep. Blackburn: …You talked a little about [that] people have to have trust in what you’re doing and I think you know that this bill is going to fundamentally change the way America works and it’s going to effect families. We’ve all talked about how it affects individuals and what it’s going to do to their budgets and… ah… what it’s going to do to jobs in this country. And given the magnitude of those changes, I think it’s really important that no suspicion or shadow fall on the foremost advocates of climate change legislation. So I wanted to give you the opportunity to kind of clear the air about your motives and to set the record straight about your motives for some of your former constituents. And I’ve got an article from [the] October 8 [2008] New York Times Magazine about a firm called Kleiner Perkins… a capital firm called Kleiner Perkins. Are you aware of that company?

Al Gore: Well, yes. I’m a partner at Kleiner Perkins.

Rep. Blackburn: So you’re a partner in Kleiner Perkins. OK. Now they have invested about a billion dollars in 40 companies that are going to benefit from cap-and-trade legislation. So is the legislation that we are discussing here today, is that something that you are going to personally benefit from?

Al Gore: [Sigh]… I believe that the transition to a green economy is good for our economy and good for all of us. And I have invested in it. But every penny that I have made, I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge. And, Congresswoman, if you’re… 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.

Rep. Blackburn: No, sir, I’m not making accusations. I’m asking questions that have been asked of me. And individuals… constituents… that were seeking a point of clarity. So I am asking…

Al Gore: I understand exactly what you’re doing Congresswoman. Everybody here does.

Rep. Blackburn: Well, are you willing to divest yourself of any profit. Does all of it go to a not-for-profit. Is it an education not-for-profit?

Al Gore: Every penny that I have made has gone to it. Every penny from the movie, the book… uh… from any investments from renewable energy. I’ve been willing to put my money where my mouth is. Do you think there is something wrong with being active in business in this country?

Rep. Blackburn: I am simply asking for clarification on the relationship.

Al Gore: I’m proud of it. I’m proud of it.

Rep. Blackburn: Thank you and I appreciate the answer…

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