The science is settled: Carbon billionaire Al Gore’s “green” house of cards is crumbling. As a result he’s being forced to jettison the obviously failing parts of it in order to try and keep the rest of the sham afloat:
ATHENS, Nov 22 (Reuters) – Former U.S. vice-president Al Gore said support for corn-based ethanol in the United States was “not a good policy”, weeks before tax credits are up for renewal.
U.S. blending tax breaks for ethanol make it profitable for refiners to use the fuel even when it is more expensive than gasoline. The credits are up for renewal on Dec. 31.
Total U.S. ethanol subsidies reached $7.7 billion last year according to the International Energy Industry, which said biofuels worldwide received more subsidies than any other form of renewable energy.
“It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol,” said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.
Gore must have removed “federally subsidized ethanol refineries” from his investment portfolio.
Who promoted these policies to the hilt that are now “not good policy”? Al Gore. Why? Because it would save all of us from global warming. Just kidding — he promoted ethanol subsidies in order to buy off farmers in his state heading into a presidential election. But don’t take my word for it — ask Al:
“One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president.”
Translation: I promoted something I knew couldn’t work and ultimately cost taxpayers a fortune, all for my own political, and ultimately financial, gain.
What else is Al lying about? Let’s start with “everything” and work backwards.
Read the update to Ed Morrissey’s post at Hot Air for more on how Al Gore works hard to protect Al Gore Inc. under the guise of saving the planet.