CO2 TAX CON

Tuesday, September 29, 2009

AL Gore Invests In €1bn Irish Insulation Company

By Nick Webb

Sunday August 30 2009

NOBEL Prize and Oscar-winning former US vice president Al Gore has become the second largest shareholder in €1bn-valued Irish plc Kingspan.

Gore's private equity firm Generation Investment Management has doubled its stake in Gene Murtagh's Cavan-headquartered insulation firm and now holds a near 12 per cent chunk of the business. Gore's stake is worth close to €120m. The Kingspan stake is Generation's largest single investment in a listed firm.
Climate change activist Gore co-founded Generation Investment Management after his bid to become US president failed in 2000, when George W Bush was elected in the wake of the "hanging chads" controversy in Florida. Gore serves as chairman of the group, which invests in green, socially responsible and sustainable firms.
His co-founder David Blood was chief executive of Goldman Sachs Asset Management, which has led to the firm being nicknamed "Blood and Gore". Former Irish President Mary Robinson has advised the firm.

Although widely described as a building materials company, Kingspan is one of the most innovative "green" businesses on the island. Teams of company scientists and chemists are working on ways of reducing heat emissions by improving high performance insulation. It is estimated that around 40 per cent of carbon emissions come through poorly insulated buildings.
The company also invented the world's first carbon neutral house -- the Lighthouse in Watford, England. Kingspan has also diversified into solar energy through the purchase of Thermomax in 2007. It is also moving into the rainwater harvesting sector.

http://www.independent.ie/business/irish/al-gore-builds-up-12pc-stake-in-83641bn-kingspan-1873211.html

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"I am a Skeptic...Global warming has become a new religion."

-Nobel Prize Winner for Physics, Ivar Giaever.

"Since I am no longer affiliated with any organization nor receiving any funding, I can speak quite frankly....as a scientist I remain skeptical."

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"Warning fears are the "worst scientific scandal in history...When people come to know what the truth is, they will feel deceived by science and scientists."

- UN IPCC Japanese Scientist Dr. Kiminori Itoh, an award- winning PhD environmental physical chemist.

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- Indian geologist Dr. Arun D. Ahluwalia at Punjab University and a board member of the UN-supported International Year of the Planet.

"The models and forecasts of the UN IPCC are incorrect because they only are based on mathematical models and presented results at scenarios that do not include, for example, solar activity."

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"It is a blatant lie put forth in the media that makes it seem there is only a fringe of scientists who don't buy into anthropogenic global warming."

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- Geoffrey G. Duffy, a professor in the Department of Chemical and Materials Engineering of the University of Auckland, NZ.

"After reading (UN IPCC chairman) Pachauri's asinine comment (comparing skeptics to) Flat Earthers, it's hard to remain quiet."

- Climate statistician Dr. William m. Briggs, who specializes in the statistics of forecast evaluation, serves on the American Meteorological Society's Probability and Statistic Committee and is an Associate Editor of Monthly Weather Review.

"For how many years must the Planet cool before we begin to understand that the Planet is not warming? For how many years must cooling go on?"

- Geologist Dr. David Gee the chairman of the science committee of the 2008 International Geological Congress who has authored 130 plus peer reviewed papers, and is currently at uppsala University in Sweeden.

"Gore Prompted me to start delving into the science again and I quickly found myself solidly in the skeptic camp...Climate models can be useful for explaining climate change after the fact."

- Meteorologist Hajo Smit of Holland, who reversed his belief in man-made warming to become a skeptic, is a fomer member of the Dutch UN IPCC committee.

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- Award-winning Paleontologist Dr. Eduardo Tonni, of the Committee for Scientific Research in buenos Aires and head of the Paleontology Department at the University of La Plata.