Al Gore Invests in Fracking Company

Feb 25, 2013

Al-Gore-Democracy-600x337Former 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.

Quod licet Iovi...

In an interview with Canada's BNN news channel, however, Gore offered a robust defense of his actions.

"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."

Gore is a former senator from Tennessee who served as vice president in the Clinton administration from 1993 to 2001. He is the author of the recent book The Future: Six Drivers of Global Change, and the star of the Oscar-winning documentary An Inconvenient Truth.

  • Dan

    for some reason i cant find any other info on this interview other than what is in this article. can you confirm that this is a real story? isnt Will (Bill) McAvoy the lead character off of The Newsroom TV show?

  • john gensheimer

    I too would like to know more about this. I don’t care how Mr. Gore spins this, there is no way to justify investing in dirty energy.

  • http://www.facebook.com/profile.php?id=1607873000 Lillianna Reitwiesner

    Drilling for nat gas it very dirty. The wells emit methane for miles around them. The drillers are careless. We don’t have enough EPA or DEP peoples to inspect. Water wells are getting polluted. The stink can knock you out. We are getting earth quakes near the wells. And they waste and pollute millions of gallons of water. If Al is so smart why doesn’t he know this?

  • Shane

    You do realize this is sati…nevermind.

  • http://www.facebook.com/jimroby0 Jim Roby

    goddamnit Current, you got me again. This is funny

  • Karel

    LOSER/SELLOUT.

  • Zyland

    Which fracking company are they talking about? There are all kinds of fracking companies in the world. They can just frackoff.

  • Chuck

    It’s a joke, guys. Wake up.

  • http://www.facebook.com/profile.php?id=1027590931 Brian Anderson

    I like satire and all, but damn, I get a little concerned when it becomes clear that a lot of people actually think this is real after it makes the Facebook and right wing blog rounds.
    Why aren’t they this gullible about global warming? If they believe this, we should be able to write an article saying one hour of driving an SUV kills 5 polar bears and you’d think they’d believe it.

  • http://twitter.com/psycho_pigeon PsychoPigeon

    Well you see that’s the thing, the observational science debunks the alarmists claims so you’re not relying on any one person the science speaks for itself. This article however, to a person who knows nothing about this website, allows room for mistake.

  • woldoggie

    If this is a joke, it’s a bad one, and geared to make anti-frackers unsure while pro-frackers get gleeful. It doesn’t say much for the level of conversation at The Daily Currant (which, as misspelled, refers to a raisin, not current news).

  • ZPT205

    It’s funny because the last two paragraphs are true.

  • ZPT205

    There’s been no demonstrated case of water pollution from the fracking process itself, despite numerous investigations. The EPA estimates only 1-2% of methane escapes in the process, and no, this doesn’t “smell,” because the smell in natural gas is added after it’s processed as a safety device. The only potential earthquakes are very minor (not nearly enough to do damage) and the overall water use is trivial compared to other uses of water (less than 0.1% of consumption.) This is a small price to pay for an energy source that emits half the greenhouse gasses per capita as coal, and none of the soot, which actually DOES have devastating health impacts. It’s clear you’re getting your information from rumors, which is unfortunate.

  • ZPT205

    (Oh, and this article is satire.)

  • nancy muse

    Common people, this is really so wrong, even in the name of satire!!! Can’t help but wonder what oil company Gave you a little donation for this piece to be published!!! Shame on you!!

  • DailyCurrant

    True Currants are not raisins.

    http://en.wikipedia.org/wiki/Redcurrant

  • http://twitter.com/Junebug1952 Jackie Owens

    You don’t see it in the Left wing blogs because they don’t post BAD news about ANY Lefty.

  • http://twitter.com/Junebug1952 Jackie Owens

    It may be satire, but after spending his life ‘dedicated’ to saving the Earth aka making money, this wouldn’t surprise me in the least. I suppose all the Lefties expected him to sell out though, right?

  • idic5

    recycling money – hah. onion stuff

  • DRNEO

    HAHAHAHAHA

  • BayouKiki

    This has got to be a joke

  • MagnaCharter

    The Committee of Scientific Society Presidents, representing collectively some 1.4 million US scientists, unequivocally stated that methane is a worse greenhouse gas than carbon dioxide.

    Think about that for a minute of your time. Think, then consider what a disgrace this man has become.

  • Elaine Nichols

    Satire or not, Al Gore DOES invest in the natural gas fracking industry… And if you want a piece of the natural gas pipeline game — heavily dependent on the environmentally suspect fracking — you can find that in Gore’s portfolio as well with Quanta Services (PWR) http://www.thestreet.com/story/11727215/1/al-gore-walks-away-from-green-energy.html

  • William Dillon

    Now I understand lynch mob mentality.

  • JimB

    Sad — that so many people thought this was a serious article and lambasted Gore, as well as other Democrats.

    Go the to the very bottom of the page and click on “About” and you would read the following:
    “The Daily Currant is an English language online satirical newspaper that covers global politics, business, technology, entertainment, science, health and media. It is accessible from over 190 countries worldwide – now including South Sudan.
    “Our mission is to ridicule the timid ignorance which obstructs our progress, and promote intelligence – which presses forward.”

    Unfortunately, instead of ridiculing ignorance, it seems to stir it up.

  • shaylynnvacca321

    my Aunty Amelia got a new blue
    Land Rover LR4 only from working part time off a home computer… helpful hints
    J­a­m­2­0­.­ℂ­o­m

  • Smurfet

    Too funny lol lol. But satire or not it would not surprise me one bit. The elitist are always screaming about something but secretly involved. Look at our president Obama. The left in the US are the biggest hypocrites around. The very thing they accuse people is exactly what they are doing. It’s all in the Saul Alinsky rules for radicals. Evil as heck but ingenius

  • Smurfet

    I’m “right wing” conservative & even I see the joke. But AlGore is a joke lol. Don’t be concerned. We know he’s a moron blow hard

  • Smurfet

    They march lockstep no matter what. They’d rather lie than admit a wrong doing. The onion is satire too but sometimes people don’t mention it when posting

  • Smurfet

    I work in the industry & one of our scientist (geologist) is a raging liberal & even she laughs at all the fracking scaredy cats. There is always a chance something can go wrong with everything we do in life. But are you going to live in a bubble & be terrified of everything? Might get hit by a car wallowing to your garage or hit by a metior laying in bed. I mean anything can happen. Fracking has been going on since the 1940’s but now that it appears independence can be had from the Arabs all of a sudden the left freaks out. Why is that? I don’t poo poo the notion that the elitist in both American political parties are against independence & I also don’t disregard that the wealthy Arabs are supporting antIfracking messaging in the world. It is their livelihood at peril. It’s also algore’s at peril when the world starts to realize that the average person can do little to stop “global” warming or cooling. Not “man made”. Not to say we don’t cause some problems but I don’t buy into the whole falacy

  • Smurfet

    Don’t buy into the notion that no lefty especially elitist blowhard like AlGore doesn’t dabble I. Oil & gas. You know ‘Mr Carbon footprint’ who really does own a big ole private plane & a big ole SUV & rides in big ole limos. The left elitist are do as I say not as I do.

  • Smurfet

    OMG let’s get more EPA because they haven’t gotten their rotten tenticals into enought already.

  • Smurfet

    I still think Arabs were behind the whole antIfracking move. It is scaring the heck out of them. What makes Arabs incredibly wealthy??? Oil & gas. They do nothing else really do they. Those videos on YouTube with the water catching fire have been debunked. The EPA is one of the most rogue & dangerous government agencies run by anti everything lefties & if those concerns were true they ‘d have closed down fracking completely. They dropped all the lawsuits they had because it was proved that the claims were almost all false. There are accidents on well sites but not as many as you’d think. If you consider how many wells are drilled all over the world daily you’d be very surprised. But they do happen & people get killed or hurt.

  • Smurfet

    AlGore is a duchies tee & the American left are communist. What the heck is to like about that? My president is a liar & everyone knows it. AlGore is considered an idiot by the left too. He & Michael Moore belong to the same get rich quick club. If your feeling sorry for the American left then your feeling are wasted. The left in the US are users & opportunist. In DC the elitist are all alike in both parties. They care only about themselves. There are a couple of good articles (by lefties & right) & books about the Extortion in DC politics. Very interesting even if your not into politics. But it shows that they care nothing for people just careers. & power on both sides. Once you get to DC something happens & it corrupts. Also don’t forget that Chicago politics are at the top in DC right now & the only difference is they can’t really use to mob to take you out lol. The new mob are the media. The media is so corrupt it’s embarrassing

  • Smurfet

    It shouldn’t. AlGore is a liar & the left can’t stand him either.

  • Smurfet

    Fracking is not dirty. Why don’t people ever look at who stands to lose income if fracking becomes the norm? Fracking has been going on since the 1940’s when it was developed. The Arabs would stand to lose. What do they have other than the oil & gas? Not much. Who stands to lose if people don’t fall for AlGore & Michael Moore crap? They do. It’s their lively hood They are scam artist. Ever heard of Ponzi schemes? Washington DC is the biggest scheme going.

  • Smurfet

    Yes, satire. Yes, AlGore is a joke too

  • SovereignMary

    This would be the ultimate in hypocrisy!

  • rusty shackleford

    Gore is an investor in Quanta Services. The real irony is that this is based on the truth.

  • OakenTruncheon

    This site is satirical. Suffers from the same problems as the Onion. The growing epidemic of Acute and Dreadful earnestness leads to enhanced gullibility and an inability to recognize sarcasm, or understand irony. But this is only partly to blame, and is easily cured by the quick and painless insertion of an Obamacare microchip, the the progressive expansion of general weirdness in real life remains as much to blame, if not more, as it is unexplained by conventional cosmologies.

  • OakenTruncheon

    The best engineered well casings have an immediate failure rate of about 20%. All the rest take a bit longer to fail.

  • OakenTruncheon

    Bullshit.

  • Keeler

    And there you are wrong. We have been slamming Obama and I have shared this crap about Gore all over our ‘left wing blogs’. Wrong is wrong, I don’t care which side of the aisle they sit on. This guy has shown himself for the greedy POS that he is. I hope they build a compression station next door to him!

  • ZPT205

    Saying “the Arabs” makes you sound racist (99.9% of Arabs don’t own oil companies), but it is true that oil companies have funded anti-fracking movies like Gasland.

  • Ernest
  • Adalberto Cervantes Rodriguez

    Indian IT companies were invited by Calderon, to start their frauds in PEMEX, http://lnkd.in/bzzQXbh The Indian consultants monopolized the project in SAP, no mexican was involved in this project. It smells fishy and with tax money worse. No a mexican american involved in the project. Smell like a fraud with tax money. Indians work together and they protect each other, but they do not support other kind of people that could disagree with them, allowing that the fraud in government and Corporates. No indian alone has done a complete implementation os SAP in LATAM, You do not know spanish well, legal requirements, you do not know the economic system. I do not want LATAM to suffer as USA for all these IT fraudsThis is a international problem, Corporates supporter for IT indian companies are not paying taxes legally as it suppossed to be made. Countries should look for the consultants to put them in jail. This is like FOBAPROA in Mexico, Obama copied it from Mexico. This is a total fraud- The bail out is totally a fraud. Americans believe to much in their government, Another fraud.

  • Adalberto Cervantes Rodriguez

    Money and control…period. That´s all CIA and indians activities world wide The song of the illuminaties http://lnkd.in/bXUSuDR The South Gods against the illuminaties http://lnkd.in/b8vsr66 This illuminaties only wants our money and if they have the chance to kill us to have it. They enjoy it. The illuminaties are copying spies, do not trust in their credential, everything is fake

  • Adalberto Cervantes Rodriguez

    Answer of PEMEX, they did not find any agreement with Orracle http://lnkd.in/b4xHtw6 Spread the world of who created the ERP technology and its Data Base Technology http://t.co/kEUBxxv276 Oracle starting operations does not spend any penny in my own ideas, PEMEX paid everything for the business data base and the business software. Of course to SAP, they use NSA or similar spy system. But IMP and PEMEX are full of spies. Obama and his CIA partners are using a fake New Order, it is a copy of my work. It is his boot leg. Minuta de la Trigésima Octava Sesión Ordinaria 2013, del Comité de Información de Petróleos Mexicanos. http://www.slideshare.net/AdalbertoCervantesRo/doc102313-10232013102550pdf

  • Adalberto Cervantes Rodriguez

    Los modelos macroeconómicos y microeconómicos mexicanos del TLC han sido repetidos en otras partes del mundo dejando millones en la pobreza extrema. https://www.youtube.com/watch?v=tW4p9N2Ocs8#!
    Mexican Macroeconomic and microeconomic models of NAFTA have been repeated in other parts of the world leaving millions in extreme poverty. http://www.proceso.com.mx/?p=351991

  • Adalberto Cervantes Rodriguez

    CIA confessed implanting me nanotechnology in my body in Internet. Twitter : youallsuck. CIA threating me. THey will be taken care of their millions of dollars they have, specially in this economy. http://www.politico.com/story/2013/10/tim-kaine-does-spanish-ads-for-terry-mcauliffe-98553.html?hp=l1#!

  • Adalberto Cervantes Rodriguez

    The NSA system is a diabolic system created by lazies, science was not applied at all and it is done by high school workers without educative documents. It is a system that eats other systems like television, radio, telephone among others. Attacks several targets at the same time using CIA techniques of dealing with different groups. This system protects operations of the agencies including in the system, it is not only USA, but also India that supplied more of the technical support. Indians is kind of race without ethic at all. Everything is real time. Its weakness is the low level of technology used, because IT science was not applied, because they preferred domination of the technicians.

  • Adalberto Cervantes Rodriguez

    What it is comming to Mexico because CIA has a complete building in Mexico at this ttime http://t.co/9BflFUERSe is happening in Mexico, many have died for sure. It is already implemented in Mexico, CIA handled to mafias to continue doing their criminal activities in Mexico

  • Adalberto Cervantes Rodriguez

    NSA, CIA applying high tech against Mexican and USA citizens. Full implementation of the NSA system to have in place the Fake New Order in Mexico and USA. Several countries are behind China, India, Germany among others .The NSA system is a diabolic system created by lazies, science was not applied at all and it is done by high school workers without educative documents. It is a system that eats other systems like television, radio, internet, telephone among others. Attacks several targets at the same time using CIA techniques of dealing with different groups. This system protects operations of the agencies including in the system, it is not only USA, but also India that supplied more of the technical support. Indians is kind of race without ethic at all. Everything is in real time. Its weakness is the low level of technology used, because IT science was not applied, because they preferred domination of the technicians. Again the son that it is hated by illuminaties, indians, homosexual and CIA https://www.facebook.com/photo.php?v=474264039355030&set=vb.388313877950047&type=2&theater We have to be careful with the media, banks specially owned by Jewish and Islamo Nazis Be united to stop the illuminaties in Mexico http://lnkd.in/bxygsQp

  • Adalberto Cervantes Rodriguez

    I think that Mexico and USA may be better than India, if we let the mexican and US PhD and scientists work together in each module of the ERP, and créate something really advance for our civilization, mexican american should be working together for a new Era. The true is that the mexican and US education is without direction, to have it, it is necessary to unify all the level of education, and structure the knowledge by modules at all the levels to créate the productivity models, I created. The mexican and US government should work at all levels of the mexican and US education and structure the knowledge in the way to be more productive, protect our companies, our Nation. No podemos dejar las empresas mexicanas y americanas en manos de estos tipos por falta de acuerdos en el sector educativo, realmente falta un reforma educativa que redunde productivamente en el sistema mexicano y americano https://www.facebook.com/photo.php?v=474264039355030&set=vb.388313877950047&type=2&theater

  • Adalberto Cervantes Rodriguez

    http://lnkd.in/bz7wEE6 The CIA is working directly with the IT indian companies lunderying money through 100 Fortune Companies. Including banks. http://lnkd.in/bsNWvF5 The CIA is working directly with the IT indian companies lunderying money through 100 Fortune Companies. Including banks. http://lnkd.in/bi9GWPc

  • Adalberto Cervantes Rodriguez

    Aztecs, Toltecs, Mayas are alive, they survived, and they are against the illuminaties, lazies, homosexual among others http://www.youtube.com/watch?v=5uAO9FE8InY&feature=youtu.be&a#!

  • Adalberto Cervantes Rodriguez

    One of master´s degree professor was a college of her, I know that they are right, we want to see the numbers. Fraud using ERP all over the world through IT indian Companies and Indian Consultants. Necesitamos las herramientas, la educación no tiene el nivel adecuado debido a grupos en el poder. http://lnkd.in/bwjACS9 We need the tools, we have a low level of education because these elites. Of course if they do not kill her before

  • Adalberto Cervantes Rodriguez

    The Aztec, Olmecs, Mayas and others are alive in Mexico against the Illuminaties, I hope can be extended to the north of Mexico and South of USA. Integral education at all level to protect our companies and our nation. Bill Gates copied me wrong https://www.facebook.com/photo.php?fbid=630317220339709&set=a.628957993808965.1073741825.620414357996662&type=1&theater

  • Adalberto Cervantes Rodriguez

    Calderon and Fox used the international legal and illegal security network in USA and
    Mexico against me, after a comment on line in Excelsior and Universal about the
    issue of two plagiarisms of Fox in Mexico at Universidad Iberoamericana for hic
    Bachelor´s degree and also in his thesis presented at an American University
    for his PhD. It was long time ago but since then he has been using the
    international legal and illegal security network in USA and Mexico against me
    for almost three years, as a personal issue. Also I used to work in Hildebrando,
    Calderon´s family business and both of them decided to use this international
    legal and illegal security network in USA and Mexico against me because of my comments on line about the plagiarism of Fox using government documents as Theses. The Lazies are winning over the world. They only copy or stole the copyrights of others. The Lazies are using fake educational level. They do not have any degree. http://t.co/KhIGtxd6sQ

  • Lorna Dee

    He was always on the “edge” as far as I’m concerned and although I voted for him in 2000 really knew very little background to begin with. He is dead wrong about the cost to the environment from fracking. Methane releases are a given and just as harmful in the atmosphere as coal. Worse is the impact on water which creates deadly chemical ponds and death. He is so typical of high power investors decision making processes. Dumb!!

  • John R. Cunliffe

    Bwahahahaha , great satire…

  • John R. Cunliffe

    Don’t be surprised if you are banned for life because of spamming.

  • Michael Christy

    I always suspected he was playing on both sides of the fence.

  • JonathanMaddox

    It’s. The. Daily. Currant. Poor cousin to The Onion.

  • Mike Barrington

    Fake news stories from the Right are always fun to read

  • Becky Byrd

    Oh good GOD! A Rightwing friend of mine just quoted this article to me like it was GOSPEL (I’ll save that for another time). They should put PARODY! SATIRE! JUST KIDDING! on these things, so people will realize,just because you can link back to it – it doesn’t make it REAL!!!!!

  • Becky Byrd

    Hon, take the giant redwood out of your own eye before you go trying to remove the splinter from ours, Umkay???

  • Becky Byrd

    And where did they get their story from? Here?!

Close