The Tennessean newspaper in Nashville reported that Gore buys “carbon offsets” to compensate for his home’s use of energy from carbon-based fuels. What is a “carbon offset,” exactly? Essentially, it’s a payment someone makes to an environmentally friendly entity to compensate for personally using non-green energy.
So far, so good. So, where does Gore buy his ‘carbon offsets’? According to The Tennessean newspaper’s report, Gore buys his carbon offsets through Generation Investment Management. a company he co-founded and serves as chairman:
As co-founder and chairman of the firm Gore presumably draws an income or will make money as its investments prosper. In other words, he “buys” his “carbon offsets” from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn’t buy “carbon offsets” through Generation Investment Management - he buys stocks.
2007-03-05
17:21:28
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Anonymous