Simply Politics & News

[back2basics]

As bad as Slick & Hillary's Lust For Wealth is, they are behind Al Gore. To the Clinton's credit, they have done some good, along the way, with malaria and AIDS.

The Clinton's worth is around $150 million. In 2013 Forbes listed Gore's at $200 million.

http://www.forbes.com/sites/larrybell/2013/05/21/the-greening-of-gores-bank-account/#7c7c3fc6504f

Al made his bundle with Global Warming hysteria. Most of his wealth comes from buying and selling carbon credits!

It's fascinating to see how that's done. One device has been to buy old, abandoned industrial sites, with more liabilities than value. The liability is that they have environmental cleanup hanging over them.

Some how Goreites assign a carbon credit value to them, by agreeing to never generate carbon dioxide from them. Then they sell the "carbon credits" to industries that do generate carbon dioxide.

Here's how it works. Let's say an asphalt shingle company is generating XX tons of carbon a year. If the Left ever passes their Carbon Tax, The asphalt shingle company will be likely to go under.

Unless they have bought "Carbon Credits" from Gore like scammers.

So, Goreites create carbon credits from land that will never be developed. Then sell them to industries that will "bank" them for future use.

In a future era of Carbon Taxes, the Government will tax companies based on their "Carbon Footprints. But the companies will reduce their Carbon Foot prints by cashing in their "Carbon Credits". Carbon that was never to be generated.

Emissions are artificially lowered and Gorites get richer.

B2B