Cheney's Investment Manager Blasts Cheney's Energy Commission

[illinoisprogressive]

This is really fun. The dark evil has one of his allies blasting him over the environment:

For an investment manager to attack oil-based energy policies is unusual. For a successful investment manager with ties to the oil industry to do so is very unusual. But for Dick Cheney’s own investment manager to do so is kind of shocking.

The oil-based energy policies usually associated with Vice President Dick Cheney have just come under scathing attack. There’s nothing remarkable about that, of course — except the person doing the attacking.

Step forward, Jeremy Grantham — Cheney’s own investment manager. “What were we thinking?’ Grantham demands in a four-page assault on U.S. energy policy mailed last week to all his clients, including the vice president.

Titled “While America Slept, 1982-2006: A Rant on Oil Dependency, Global Warming, and a Love of Feel-Good Data,” Grantham’s philippic adds up to an extraordinary critique of U.S. energy policy over the past two decades. What Cheney makes of it can only be imagined.

“Successive U.S. administrations have taken little interest in either oil substitution or climate change,” he writes, “and the current one has even seemed to have a vested interest in the idea that the science of climate change is uncertain.”

Yet “there is now nearly universal scientific agreement that fossil fuel use is causing a rise in global temperatures,” he writes. “The U.S. is the only country in which environmental data is steadily attacked in a well-funded campaign of disinformation (funded mainly by one large oil company).”

That would be ExxonMobil, as readers may recall from last week.

Keep in mind, Jeremy Grantham is not exactly a liberal activist. He’s one of the highest-profile investment managers in the country. He’s “the ‘G’ of the world-class GMO money management outfit.” He’s both “sage” and a “guru.” He was a Bush-Cheney supporter. He’s Dick Cheney’s hand-picked investment strategist.

And he now thinks the Bush administration and its conservative allies are screwing up royally.
Read the rest of the story at this link:

http://www.thecarpetbaggerreport.com/