Partnered with Gore in his “Cap and Trade” Venture Capital Companies are Former CEOs and Executives from Goldman Sachs and Lehman Brothers

by Scott Creighton

In a video put out by TPM, Rep. Blackburn committed the ultimate faux pas in congress by asking a politician, in this case former Vice President Al Gore,  about his financial ties to a “cause” he is working on; global warming. The congressional committee Blackburn sits on, the House Energy and Commerce Committee,  is working on the “cap and trade” legislation that Gore strongly supports. Though she is a republican, and Gore seems to imply that her not-to-subtle hostility toward him may come from that, other democrats have also voiced their concerns about the direction Gore wants the legislation to move in.

I am not satisfied that this bill has adequate protections for our workers and our industriesformer Energy Committee Chairman John Dingell (D-Mich.) told Gore. Dingell and other Democrats from Rust Belt states fear that forcing companies to buy carbon emissions could push trade-sensitive, fossil-fuel intensive industries such as steel and paper overseas.”   Politico

It should be noted that basically this “cap and trade” policy would effectively be a tax on production in the states, and that the “venture capitalist” company that Blackburn exposes Gore’s financial ties too is a joint U.S./China firm, Kleiner Perkins Caufield & Byers (KPCB).  I am sure China wouldn’t mind if this legislation sunk a few U.S. steel companies…

It should also be noted that Gore is heavily involved in several companies, all of which are venture capital companies looking to cash in on the “cap and trade” legislation in the works right now.  Gore states in the video that he donates all the “money” he makes right now to his not-for-profit organization the Alliance for Climate Protection (ACP),  but he doesn’t say a word about whether or not he is also being reimbursed with stock options from those affiliated companies. Nor does he offer any information about whether or not he is a paid Chairman of the Board of Directors for the Alliance for Climate Protection. As we all know, board members are usually well compensated for their time.

Also sitting on the board with him at ACP is Theodore Roosevelt IV the Managing Director at Lehman Brothers, and Lieutenant General Brent Scowcroft who is President of the Scowcroft Group (Internation Business Advisory group) and former National Security Advisor to President George H.W. Bush.

Generation Investment Management is another of Gore’s little projects, when he is not sitting on the boards of Google or Apple.  His senior partner in GIM is none other than David Blood of Goldman Sachs.

Prior to co-founding Generation, David Blood served as the co-CEO and CEO of Goldman Sachs Asset Management (“GSAM”) from 1999 to 2003. His responsibilities included all aspects of the global business including portfolio management, sales and client service, risk management and infrastructure.”  GIM

One partner of Mr. Gore’s is from Lehman Brothers and another is from Goldman Sachs then a third has ties to the Bush family? And Gore himself is sitting atop two different investment capital firms that stand to make a killing off the implementation of the “cap and trade” system?

Go ahead and watch the video. Notice how Gore can’t contain his nervous laughter when Blackburn first mentions, for the record, the companies he is involved with. Also notice how he tries to squirm out from under the spotlight by trying to turn the tables on Blackburn suggesting she is “anti-business”?  If you can read people’s expressions, you can clearly see Gore is guilty as shit in this exchange. I personally had been staying out of this issue for lack of any real evidence that I trusted one way or the other.

But after seeing this video, and after just a little research into these businesses of his, I don’t believe one single thing that Goldman Sachs and Lehman Brothers thieves are involved with.

I have to say, this looks like it has “global scam” written all over it.

Watch the video and let me know what you think.

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6 Responses

  1. I am sure China wouldn’t mind if this legislation sunk a few U.S. steel companies…

    The USA still has some steel companies?

    Arun Gupta of The Indypendent

    And there’s a lot of talk now also about a green-collar economy. I think that’s very important, but one of the reasons that it’s important to ban derivative trading is the investment banks are salivating over a green-collar economy, and that needs to be explained why, because they are—have set up trading desks. It’s estimated that carbon trading, the idea of trading in pollution rights, in ten years will be larger than all energy markets combined. So they’re looking to make a killing off of it. They’ll create derivative instruments, and this will just create another bubble. So we need to be now thinking about clearly exactly what to do to put in progressive ideas and to prevent this disaster from happening again.

    http://www.democracynow.org/2008/11/7/can_grassroots_movement_that_propelled_obama

  2. […] Venture capital firm set to reap rewards on swine flu Posted on April 27, 2009 by Boulderdash Note:  It has been reported that Al Gore is involved with this venture capital firm…(click here for info) […]

  3. […] Kleiner Perkins Caufield & Byers has financial ties to Al Gore, via American Everyman. It’s the same old boys’ club as usual. One partner of Mr. Gore’s is from Lehman […]

  4. […] and the Marshall Plan of was to America during the 1940’s.” Coincidentally, his venture capital firm is heavily invested in…….Global warming money making schemes. Guggenheim is onto other […]

  5. […] said Al Gore is positioned to be the world’s first Carbon billionaire. And a blog entitled American Everyman talks about Al Gore’s partnership with former Goldman Sachs and Leeman Brothers execs, as well […]

  6. […] but not a Wall Street one Could Cap and Trade Cause Another Market Meltdown? | Mother Jones Partnered with Gore in his “Cap and Trade” Venture Capital Companies are Former CEOs and… The Great American Bubble Machine : Rolling Stone Its the same old thieves. Andrew […]

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