Our friend Jr. Deputy Accountant has begun blogging at GoldmanSachs666 where she quotes from IBD:
Last Friday, Gore was the star witness at the hearings on cap-and- trade legislation before the House Energy and Commerce Committee. Blackburn asked Gore about Kleiner-Perkins, noting that at last count they "have invested about a billion dollars invested in 40 companies that are going to benefit from cap-and-trade legislation that we are discussing here today."
Blackburn then asked the $100 million question: "Is that something that you are going to personally benefit from?" Gore gave the stock answer that "the transition to a green economy is good for our economy and good for all of us, and I have invested in it but every penny that I have made I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge."
It's a scheme that will make traders of this new commodity rich and Bernie Madoff look like a pickpocket. The other founder is former Goldman Sachs partner David Blood.
As Stephen Milloy, author of "Green Hell," points out, Goldman Sachs is lobbying for climate change legislation and is part owner of the Chicago Climate Exchange, where carbon credits from cap and trade would be traded.