SEC petitioned to warn companies against making false and misleading claims on global warming

Misinformation puts investors at risk!

It’s not just Gore, IPCC and Mainstream Media scaring the pants of people. Corporations are increasingly tying their performance, and future to the unfounded notion of man-made global warming. To combat this,The Free Enterprise Action Fund (Ticker: FEAOX) submitted a letter to the SEC requesting they warn publicly-traded companies against making false and misleading statements related to global warming.

Here are some examples cited by the group:

• Exelon Corp. issued a media release and placed full-page advertisements in major newspapers on July 15, 2008 stating, “The science is overwhelming — climate change is happening now and human activity is the primary cause.”
• Lehman Brothers issued a report on climate change featuring the so-called “hockey stick” graph to support the notion that humans are causing global warming.
• The General Electric Company issued a “Call for Action” to “slow, stop and even reverse the damage of greenhouse gasses.”
• Toyota Motor Corp. states in a report, “When we drive a vehicle, it consumes fossil fuels and emits CO2, a major contributor to climate change.”
• Goldman Sachs states in a 2007 report, “By now, the dynamics of global warming are widely known, and we find no reason to dispute the scientific assumptions.”
• Caterpillar said in a public statement that, “We must take action now [to reduce carbon dioxide emissions] or risk serious harm to our planet.”

Recent developments that prove the science is ANYTHING but final:

• The American Physical Society, the leading professional society for American physicists announced in July 2008 on one of its websites that, “There is a considerable presence within the scientific community of people who do not agree with the IPCC conclusion that anthropogenic CO2 emissions are very probably likely to be primarily responsible for the global warming that has occurred since the Industrial Revolution.” More here
• In May 2008, the Oregon Institute of Science and Medicine released a petition signed by more than 31,000 U.S. scientists stating, “There is no convincing scientific evidence that human release of carbon dioxide, methane or other greenhouse gases is causing, or will cause in the future, catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate…”

India’s National Action Plan on Climate Change issued in June 2008 states, “No firm link between the documented [climate] changes described below and warming due to anthropogenic climate change has yet been established.” http://notinmygreenhouse.hypocrisy.com/2008/05/19/over-31000-scientists-reject-human-related-global-warming/

• Researchers belonging to the UN Intergovernmental Panel on Climate Change (IPCC) reported in the science journal Nature (May 1) that, after adjusting their climate model to reflect actual sea surface temperatures of the last 50 years, “global surface temperature may not increase over the next decade,” since natural climate variation will drive global climate.
• Climate scientists reported in the December issue of the International Journal of Climatology, published by Britain’s Royal Meteorological Society, that observed temperature changes measured over the last 30 years don’t match well with temperatures predicted by the mathematical climate models relied on by the IPCC.
• A British judge ruled in October 2007 that Al Gore’s film, “An Inconvenient Truth,” contained so many factual errors that a disclaimer was required to be shown to students before they viewed the film.
• A panel of the National Academy of Sciences concluded in 2006 that the “hockey stick” graph is not proof that human activity is linked to global warming.