By way of NewsBusters, Nobel Prize-winning global warming alarmist Al Gore stands to make millions of dollars if the Obama Administration is successful in passing "cap-and-trade" climate change legislation through Congress. The information comes from an investigative report by the Reuters news agency.
From the Reuters report by David Lawsky:
An environmental start-up backed by Al Gore's venture capital firm aims to take advantage of coming U.S. climate change legislation by helping companies like Coca Cola and even cities cut pollution.Read "Reuters Exposes Gore's Global Warming Profit Motive" at NewsBusters.
Hara, a 25-employee company that debuted in 2008, provides online software to help companies reduce their carbon footprint -- a $2.5 billion market that will grow 10-fold if the proposed energy bill, which will require companies to get permits for emissions, becomes law, Chief Executive Amit Chatterjee said.
At the heart of the legislation is a "cap-and-trade" system that will gradually reduce the amount of greenhouse gases emitted by industry, by requiring them to have permits to spew their emissions.
Read the Reuters report, "Gore-backed Hara sees profit from low-carbon economy," at Reuters' Web site.
Also check out the CFP blog, where Steve Milloy has this to say about the sordid affair: "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."
Originally posted at TONY PHYRILLAS
