Satirical piece February 2013: Al Gore invests in fracking company PetroBakken Resources
Former U.S. Vice President and environment advocate Al Gore has closed a deal to make a multi-million dollar investment in a natural gas producer that specializes in fracking.
In a statement to shareholders, Canada-based PetroBakken Resources announced that Gore and his investment partners would be pumping $200 million into the company in return for a 15 percent stake.
The move comes just weeks after Gore sold his shares in cable broadcaster Current to Al-Jazeera, a Middle Eastern channel backed by oil wealth. Both transactions have raised eyebrows because of the dissonance between Gore’s high-profile environmental activism and his investment strategy.
The PetroBakken investment in particular has come under harsh scrutiny because the company develops unconventional resources like shale gas and tar sands, both highly controversial with environmentalists.
“First of all, if I didn’t invest in this company somebody else would,” he explained to anchor Bill McAvoy. “Do you think Mother Nature cares about the shareholding structure of companies that cause pollution?
“A kilogram of CO2 is a kilogram of CO2. It doesn’t matter who owns the company that made it. This investment doesn’t put a single extra molecule of greenhouse gas into the atmosphere.”
“Well, to be frank Mr. Gore that isn’t the issue,” interrupted McAvoy. “No one is saying that this investment increases the overall amount of pollution. What we’re saying it that you’re failing to set a moral example.
“You’ve asked people to cut their own carbon footprint by driving less, buying new light bulbs, insulating their houses, carpooling, et cetera. All of these things require sacrifice. Isn’t it hypocritical to ask others to sacrifice financially, if you can’t seem to make similar sacrifices yourself?”
“Well, no, I don’t think it’s hypocritical at all,” Gore said. “You see what I am doing, I’m recycling this money. I’m taking this dirty, polluting cash made from fossil fuels and putting it into my company.
“From there I plan to reuse it to fund new documentaries about the threat of global climate change. This isn’t some Gordon Gekko thing. I consider myself to be a sort of Robin Hood.”
“A Robin Hood?” McAvoy replied. “Does that mean you’re committing to give all the money made from of this investment to environmental causes?
“Well, not quite all of the money,” Gore responded. “We do have expenses, after all. But I can promise to give away a decent amount, once my costs have been covered.
“And besides isn’t natural gas a whole heck of a lot better than coal? I mean what are we really complaining about here? If we want to reduce carbon emissions, we need lower carbon forms of energy. Here it is!
“Solar? Wind? You can’t get baseline power with that. And nuclear is expensive and decades away! Natural gas is the best hope we have of reducing carbon emissions now.”
Lightstream Resources Ltd., formerly PetroBakken Energy Ltd., is a Calgary, Alberta-based oil exploration and production company. Lightstream’s primary asset is the ownership of 2,300 development drilling locations and average production of 39,074 boepd (as at September 30, 2011). The Company is a publicly traded subsidiary of Petrobank Energy and Resources Ltd., which holds 59% of all the issued and outstanding shares of PetroBakken.
PetroBakken’s inventory includes:
- Montney & Horn River Region, BC: Shale Gas
- Cardium, AB: Light crude oil
- Bakken and Southeast Saskatchewan: Light crude oil
“Isn’t it hypocritical to ask others to sacrifice financially, if you can’t seem to make similar sacrifices yourself?”
“I’m recycling this money. I’m taking this dirty, polluting cash made from fossil fuels and putting it into my company.”
“This isn’t some Gordon Gekko thing. I consider myself to be a sort of Robin Hood.”
this is a satirical piece please note..
why does anyone take anything he says with any assurance of truth?..hes a compulsive liar..he works for the 1% and yet so many awakened people i know suck his lies up as gospel truth..why do people think governments, who are corrupt and lie to us and betray us daily..suddenly are doing the right thing in regards to climate change..they arent..they are fooling you..all of them..with models that dont work..and warming that isnt happening..its all bullshit..
this story maybe fiction but these are not: