| The Well-funded Alarmist Industry |
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| Written by Iain Murray, CEI | |||
| Monday, 24 March 2008 | |||
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As a case in point, unless you spend time going through federal lobbying records, you probably haven’t heard of Robertson’s big push for cap-and-trade laws. Robertson has hired top lobbying firm Akin Gump to advance such restrictions on Capitol Hill, in the public and in policy arenas. Akin Gump even runs a global warming blog now called “Climate Intel.” Akin Gump lobbyists doing Robertson’s bidding on Capitol Hill include former Republican National Committee Chairman Ken Mehlman and former Reps. Bill Paxon, R-N.Y., and Vic Fazio, D-Calif. What’s Robertson’s angle? Environmental publication Greenwire described Robertson as a “former hedge fund tycoon and now a philanthropist.” Robertson indeed closed down his most famous fund, Tiger Management, earlier this decade, but is still a big investor. Getting richer — not merely philanthropy — motivates these investments. Add to that the fact that Al Gore's Alliance for Climate Protection is spending $100m on one ad campaign (as opposed to poor old CEI's ad campaign, which cost a paltry $30k) and you have some indication of just where the money is now. And let's not forget that the single-issue Natural Resources Defense Council is almost twice the size of the Heritage Foundation. Tim also points out that Robertson is making a bet on the US economy going under, just as George Soros did (and won big!) when he bet heavily on the failure of the UK's involvement in the European Exchange Rate Mechanism. As Ivan Osorio asks, "Where's the outrage?" Source 3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
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