Goldman Sachs — bigger than fossil fuel in the climate debate

We can’t blame Goldman Sachs. It’s just good business.

Goldman Sachs pours money into lefty causes and politicians of both stripes. The gifts to left-wing flagships like climate change and same-sex marriage buy protection from the anti-bank Occupy crowd. And climate propaganda is doubly useful — Goldman Sachs can invest and profit from government largess. And these are very big biccies – -in 2009 Goldman Sachs announced it would spend $150 billion on green energy by 2020.

The message to non-left causes is that if you want to get multimillion dollar philanthropic funds, mobilize people and march in the street. When Goldman is afraid of what you might do against their bonuses or profits they might get interested in your cause too.

But infamously and so much more importantly, Goldman donates to both sides of politics and their people are appointed to key positions in the Treasury and corridors of power. When Goldman crashes, it gets bailed out — and that has happened four times in the last 20 years. The TARP bailout for Sachs was as much as $10 billion, so a mere $675k in speaking fees for Hillary-nearly-Pres might be viewed as a decent investment at the time […]

The smell of money

Thanks to Glenn Beck, we get bit more insight into the tangled web that The House of Global Warming was built on.

Who would have thought? Goldman Sachs has been working hard to save the environment for years.

Generation Investment Management (GIM) was founded by Al Gore, and a few friends, which included David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman). They are the fifth largest shareholder in the Chicago Climate Exchange (CCX). Then in 2006, when the CCX needed some extra funding, who should step up to buy 10% of the company – Goldman Sachs.

CCX is an exchange that won’t be doing a heck of a lot if carbon trading doesn’t become mandatory. All of these players have a vested interest in Cap N Trade legislation.

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