Maybe Al Gore’s been advised by legal counsel to lie low. He may be the leader of the anthropogenic global warming (AGW) movement, but he’s not defending it in public, not even when it’s falling apart and his new fortune is based upon it.
Mr. Gore and his financial backers earned millions of dollars in start-up “green” companies and carbon trading schemes. If the scam worked, he could’ve become the first “carbon billionaire.”
“What goes up can fall down” applies to ill-gotten gains in the stock market or “carbon trading” schemes. In such schemes, it’s foreseeable that trusting investors will (a) not only get hurt when the scam collapses, but they’ll also (b) pursue legal remedies and sue him for fraud.
Mr. Gore’s financial gains were based on the contradictory and error-plagued assertion that man’s release of the trace gas CO2 will fry the planet .
Once it becomes clear to everyone that the AGW theory is based on cleverly manipulated data twisted by rigged computer models controlled by several dozen IPCC politicians/scientists, we can expect that investors who lose millions by investing in these companies will eventually haul Mr. Gore and the insider IPCC scientists into court.
Over the years, American tax dollars were poured down the fantasyland AGW “rat hole.” Sooner or later, Al Gore needs to answer some hard questions. Unfortunately, we’ll have to wait for lawsuits from private investors. Today, legal counsel will advise him to remain silent.
It’s impossible to predict how many lawsuits, or what kind, might arise once everyone realizes that the AGW scam dwarfs Bernie Madoff’s $50-billion Ponzi operation. New studies appear almost daily that further undercut AGW theory. The biggest daily newspaper in the Netherlands vindicated that country’s leading AGW critic in the article “Henk Tennekes — He was right after all.”
Dr. Tennekes was fired in the 1990s from a prominent research position and blacklisted for debunking AGW theory. He upset the same IPCC scientists who control the leading “peer review” climate research journals and who blocked the publication of all contrary research in those journals for decades.
As investors learn the extent of the scam, Mr. Gore’s start-up “green” companies will lose considerable value, like flaky dot-com companies lacking a real product. Investors in these “green” companies — who reasonably relied upon Gore’s alarming claims — may pursue several possible remedies:
– derivative shareholder lawsuits, disgorging from Mr. Gore and other senior officers in these companies any illicit gains from any insider trading that could be proven; and/or
– lawsuits against brokers who did not perform the SEC’s necessary “due diligence” research before peddling those shares; and/or
– civil RICO lawsuits against Mr. Gore and any IPCC scientists who participated in blocking the publication of contrary research, cooking the data, all of whose annual income skyrocketed from the public hysteria….
The thing about pushing a lie and making money out of it is that…it can come back to be really financially uncomfortable. Lay low, Al and don’t flash that Nobel prize too prominently.