Given the Obama Administration's goal of passing Cap and Trade and its demonization of Wall Street - it's important to understand how Goldman Sachs is actually a big stakeholder in seeing it pass: Whether Wall Street colossus Goldman Sachs has committed a crime remains to be seen, but the investigation may well uncover the environmental lobby and its public figurehead. For nearly a decade, Goldman Sachs has been a quiet but major investor in cap and trade. And Goldmans main investment partner has been Al Gore. About a decade ago, Goldman executives recognized that personal fortunes could be made with the invention of a carbon trading system through the passage of a U.S. cap-and-trade bill. This area was well suited to Goldman Sachs, the architects behind the complex world of futures trading and exotic derivatives. Goldman joined Al Gore in 2004 and capitalized his investment company, Generation Investment Management. Strangely for a man who was a heartbeat away from the presidency, Gore decided to register his company in London not the United States. In November 2004, Gore unveiled GIM. Standing at his side was David Blood, the CEO of Goldman Asset Management. Blood was to become his co-founder (the new company was quickly nicknamed Blood & Gore). It was established with the initial capital of $206 million, much of it from Blood clients at Goldman Sachs. Gore also turned to Goldman Sachs guru (and later Bush Treasury Secretary) Henry Paulson to help him establish GIM. At the time, Paulson himself was an eco-warrior of sorts, serving as chairman of the board of the Nature Conservancy. Today, seven of Gores GIM chief partners are from Goldman Sachs. The company is now valued at $2.2 billion. (snip) Marc Morano, publisher of Climatedepot.com, agrees: Goldman Sachs is helping to engineer the next great bubble. And we are talking about subprime science, subprime politics, and subprime economics. Goldman Sachs is at the forefront of the subprime economics of carbon trading. Although cap and trade has temporarily faded in Washington, D.C., carbon trading still lives in the nations capital. Next week, Senators John Kerry (D-MA), Lindsey Graham (R-SC), and Joe Lieberman (I-CT) are expected to unveil a new cap-and-trade bill. The idea of turning a free, colorless, and odorless gas into a product still attracts the money people. Myron Ebell, director of Freedom Action, says: These Gore investments could potentially make him a billionaire. For a guy who started with just a small fortune he could end up with a very large one. Pajamas Media Will Obama’s Goldman Sachs Attack Expose Al Gore? Or Other Dems?