Friday, February 15, 2008


“Gore Warns Business Leaders To Dump 'Subprime Carbon Assets' Feb 14, 2008 17:56:47 (ET)

UNITED NATIONS (AP)--Nobel laureate Al Gore advised Wall Street leaders and institutional investors Thursday to ditch their "subprime carbon assets" - businesses too reliant on carbon-intensive energy - or prepare for huge losses down the road.
"You need to really scrub your investment portfolios, because I guarantee you - as my longtime good redneck friends in Tennessee say, I guarandamntee you - that if you really take a fine-tooth comb and go through your portfolios, many of you are going to find them chock-full of subprime carbon assets," said the former U.S. vice president who won a Nobel Prize for his environmental work.
Carbon dioxide from burning fossil fuels is the leading greenhouse gas, trapping the sun's heat in the atmosphere.
Gore's remarks before a high-profile business crowd that collectively controls some $20 trillion in capital were intended to unleash a financial ripple effect that would force the entire world to start putting a price on carbon emissions and treating them as a scarce commodity.”

I frequently have thought that Al Gore is nuts. First, when he put this country through weeks of political and financial turmoil in 2000 over the vote recount in Florida. Then, when he propagandized global warming in his movie full of half truths. And now, with the above incendiary speech. In fact, now I am sure he is cocoa-pie. It is the height of irresponsibility to utter such inflammatory (and unproven) words to an audience of businessmen who, if panicked, could bring down financial markets around the world. This truly is like yelling “FIRE” in a crowded theater. Al baby, it’s time for the rubber room.

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