Al Gore, Maurice Strong, Obama’s involvement in
Chicago Climate Exchange--the rest of the story
By Judi McLeod March 25, 2009 Canada Free Press
Good news to
know that the truth will always out--even when you’re Barack Obama.
“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing
Through Congress” is a FOXNews story by Ed Barnes. In short,
“While on the board of a Chicago-based charity, Barack Obama
helped fund a carbon trading exchange that will likely play a
critical role in the cap-and-trade carbon reduction program he is
now trying to push through Congress as president.”
The charity was the Joyce Foundation on whose board of directors
Obama served and which gave nearly $1.1 million in two separate
grants that were “instrumental in developing and launching the
privately-owned Chicago Climate Exchange, which now calls itself
“North America’s only cap and trade system for all six greenhouse
gases, with global affiliates and projects worldwide.”
And that’s only the beginning of this tawdry tale, Mr. Barnes.
The “privately-owned” Chicago Climate Exchange is heavily
influenced by Obama cohorts Al Gore and Maurice Strong.
For years now Strong and Gore have been cashing in on that
lucrative cottage industry known as man-made global warming.
Strong is on the board of directors of the Chicago Climate
Exchange, Wikipedia-described as “the world’s first and North
America’s only legally binding greenhouse gas emission registry
reduction system for emission sources and offset projects in North
America and Brazil.”
Gore, self-proclaimed Patron Saint of the Environment, buys his
carbon off-sets from himself--the Generation Investment Management
LLP, “an independent, private, owner-managed partnership
established in 2004 with offices in London and Washington, D.C.,
of which he is both chairman and founding partner. The Generation
Investment Management business has considerable influence over the
major carbon credit trading firms that currently exist, including
the Chicago Climate Exchange.
Strong, the silent partner, is a man whose name often draws a
blank on the Washington cocktail circuit. Even though a former
Secretary General of the 1992 United Nations Conference on
Environment and Development (the much hyped Rio Earth Summit) and
Under-Secretary General of the United Nations in the days of an
Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is
little known in the United States. That’s because he spends most
of his time in China where he he has been working to make the
communist country the world’s next superpower. The nondescript
Strong, nonetheless is the big cheese in the underworld of climate
change and is one of the main architects of the failing Kyoto
Full credit for the expose on the business partnership of Strong
and Gore in the cap-and-trade reduction scheme should go to the
investigative acumen of the Executive Intelligence Review (EIR).
The tawdry tale of the top two global warming gurus in the
business world goes all the way back to Earth Day, April 17, 1995
when the future author of “An Inconvenient Truth” travelled to
Fall River, Massachusetts, to deliver a green sermon at the
headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a
firm that proclaimed to have invented a process for recycling
metals from waste. Gore praised the Molten Metal firm as a pioneer
in the kind of innovative technology that can save the
environment, and make money for investors at the same time.
“Gore left a few facts out of his speech that day,” wrote EIR.
“First, the firm was run by Strong and a group of Gore intimates,
including Peter Knight, the firm’s registered lobbyist, and Gore’s
former top Senate aide.”
(Fast-forward to the present day and ask yourself why it is that
every time someone picks up another Senate rock, another serpent
comes slithering out).
“Second, the company had received more than $25 million in U.S.
Department of Energy (DOE) research and development grants, but
had failed to prove that the technology worked on a commercial
scale. The company would go on to receive another $8 million in
federal taxpayers’ cash, at that point, its only source of
“With Al Gore’s Earth Day as a Wall Street calling card, Molten
Metal’s stock value soared to $35 a share, a range it maintained
through October 1996. But along the way, DOE scientists had balked
at further funding. When in March 1996, corporate officers
concluded that the federal cash cow was about to run dry, they
took action: Between that date and October 1996, seven corporate
officers--including Maurice strong--sold off $15.3 million in
personal shares in the company, at top market value. On Oct. 20,
1996--a Sunday--the company issued a press release, announcing for
the first time, that DOE funding would be vastly scaled back, and
reported the bad news on a conference call with stockbrokers.
“On Monday, the stock plunged by 49%, soon landing at $5 a share.
By early 1997, furious stockholders had filed a class action suit
against the company and its directors. Ironically, one of the
class action lawyers had tangled with Maurice strong in another
insider trading case, involving a Swiss company called AZL
Resources, chaired by Strong, who was also a lead shareholder. The
AZL case closely mirrored Molten Metal, and in the end, Strong and
the other AZL partners agreed to pay $5 million to dodge a jury
verdict, when eyewitness evidence surfaced of Strong’s role in
scamming the value of the company stock up into the stratosphere,
before selling it off.
In 1997, Strong went on to accept from Tongsun Park, who was found
guilty of illegally acting as an Iraqi agent, $1 million from
Saddam Hussein, which was invested in Cordex Petroleum Inc., a
company he owned with his son, Fred.
These are the leaders in the Man-made Global Warming Movement, who
three years later were to be funded by the man who was to become
President of the United States of America.
If we follow the time line on where Obama was during the funding
of the Chicago Climate Exchange, he was still a professor at the
University of Chicago Law School teaching constitutional law, with
his law license becoming inactive a year later in 2002.
It may be interesting to note that the Chicago Climate Exchange in
spite of its hype, is a veritable rat’s nest of cronyism. The
largest shareholder in the Exchange is Goldman Sachs. Chicago
Mayor Richard M. Daley is its honorary chairman, The Joyce
Foundation, which funded the Exchange also funded money for John
Ayers’ Chicago School Initiatives. John is the brother of William
What a flap when it was discovered that the senator from Chicago
had nursed on Saul Alinsky’s milk, had his political career
launched at a coffee party held by domestic terrorist Bill Ayers,
and sat for 20 years, uncomplaining in front of the
“God-dam-America pulpit of resentment-challenged Jeremiah Wright.
Folk were naturally outraged that the empty suit who would go on
to become TOTUS was spawned from such anti-American activism.
But the media should have been hollering, “Stop Thief!” instead.
The same Chicago Climate Exchange promoting public rip-off was
funded by Obama before he was POTUS.
Even as man-made global warming is being exposed as a
money-generating hoax, Obama is working feverishly to push the
controversial cap-and-trade carbon reduction scheme through
Obama was never the character he created for himself in the
fairy-tale version in “Dreams of My Father”. He’s the agent of
Change and Hope for cohorts making money down at the Chicago
The Barbarians are pushing at the gate of the Global Warming
fraud, and to borrow a line from children playing Hide and Seek,
Here they come, ready or not!