April 4, 2007

Yet Another Inconvenient Truth

The company from which Al Gore gets those "carbon offsets" to offset his huge carbon-emissions stemming from the global warming hypester's energy-hogging, jet-setting lifestyle actually spends less than a quarter of its revenue on projects that offset carbon emissions, according to Tufts University Climate Initiative researchers. The rest presumably goes to overhead and profits - but, according to the Tufts study, some carbon-offsets sellers do much better, spending as much as 90 percent of their revenue on carbon-offsetting projects.

And who picked which company to buy Gore's carbon offsets from? Why, that would be the investment management experts at Gore's own Generation Investment Management. GIM boasts that it is "an investment firm that considers how eco-friendly corporations are in assessing long-term sustainability," yet it seems to have picked a lousy way to invest in carbon offsets.

Read my latest report in full over at the Ecotality blog.