Rank hypocrisy from George Soros

Liberal financier and backer of far left groups like Moveon.org George Soros has been caught in one of those "Do as I say not as I do" moments.It seems that Soros, who is a huge proponent of global warming theory, purchased an $800 million stake in a Brazilian oil company.  From the Wall Street Journal:But as one of the world's most successful investors and speculators, Mr. Soros seems to have a different set of standards when it comes to his own wallet. His moral indignation takes a back seat to the profit motive. To wit, the billionaire do-gooder has purchased an $811 million stake in Petrobras, "making the Brazilian state-controlled oil company," according to Bloomberg News on Friday, "his investment fund's largest holding."It's not only that Petrobras is a fossil fuel company. The more interesting aspect of the Soros investment is that Mr. Soros's Petrobras investment cannot be profitable if the company does not exploit its Tupi oil field, the...(Read Full Post)