from Al Gore's recent WSJ op-ed piece with his trademark alarmist, apocalyptical vision of the future, now it's not just global warming he's using as a scare tactic, it's a opinion that carbon-based fuel investment is a risky venture.
Here he continues to use the computer models that have been proven (and admitted to) being entirely wrong to advance his goal of attracting investors to his anti-carbon scam:
Quote:
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Here is the relevance of carbon to investing: There is consensus within the scientific community that increasing the global temperature by more than 2°C will likely cause devastating and irreversible damage to the planet. Reliable measurements make it clear that we will easily cross this threshold in the near term at our current rate of CO2 emissions. So in an effort to avoid it, the International Energy Agency has calculated a global "Carbon Budget" that accommodates the burning of merely one-third of existing fossil fuel reserves by 2050. Put differently, at least two-thirds of fossil fuel reserves will not be monetized if we are to stay below 2°C of warming—creating "stranded carbon assets."
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http://online.wsj.com/news/articles/...63663464339836
Surprise! Al Gore and his carbon credit huckstering partner David Blood, both principals at Generation Investment Management (GIM), warn in their October 30 Wall Street Journal op/ed feature of peril to fossil fuel investments due to “The Coming Carbon Asset Bubble”.
They argue that such “unwise and increasingly wreck less” investment strategies pose three broad risks which will cause carbon assets to become “stranded” and lose economic value: through direct government carbon regulation; as a result of market-share losses to “already competitive” renewable technologies; and due to “sociopolitical pressures” causing carbon-intensive businesses to lose their “license to operate”.