Monday, March 09, 2009

Is George Soros a Global Warming Turncoat?

NASA’s global-warming-alarmist-in-chief James Hansen is urging the public to join the likes of Greenpeace and the Ruckus Society and others in a March 2 rally in Washington to protest the burning of coal for electricity. But before further clogging the already busy streets of the nation’s capital perhaps Hansen ought to first lay siege to the offices of billionaire supporter George Soros. According to a February 17 filing with the Securities and Exchange Commission, investment funds managed by Soros own more than $112 million worth of stock in Arch Coal and CONSOL Energy — the third and fifth largest coal companies in the U.S. Other SEC filings indicate that Soros began investing in coal during 2008 — hardly an auspicious time for such investment. Odder still is that this is the same George Soros who, in October 2007, told CNBC’s Maria Bartiromo “I think we have to stop the increased use of coal if we want to bring climate change under control…” This is also the same George Soros who, through his Open Society Institute, may have provided as much as $720,000 in 2006 to help finance Hansen’s global warming activism. Coal investments may not be Soros’ only problem with Hansen on the day of reckoning. Soros also owns and/or manages $900 million worth of the Brazilian state oil company, $218 million of Hess Corp., $177 million of ConocoPhillips and $72 million of oil driller Schlumberger...Fox News

1 comment:

Real Estate Agent in Toronto said...

It certainly is funny to me how someone is urging people to protest against the usage of coal and yet have a huge amount of shares in two major coal companies. I wonder what's his deal. It baffles me to see people like this, trying to act all nice and supportive, like they care about the earths' feelings and yet they really don't behind our backs. It's just sad seeing this and not just occasionally but almost every day.

Take care, Julie