I came across a certain fund enterprise and an inert interest suddenly doused my unconscious mind. False and misleading claims are being used in the advertisements of some companies to promote their products. This enterprising investment firm invited the attention of the U.S. Security and Exchange Commission (SEC) to warn such companies for the sake of would-be investors which maybe lured to invest in a company with the pretext that it adhered to man-made global warming concoction.
Several companies in the US launched advertising campaigns making reference the contested assumptions of UN-Intergovernmental Panel on Climate Change in its planned agenda to impose restrictions and mitigation of carbon dioxide emission. The Free Enterprise Action Fund (Ticker: FEAOX) who petitioned the SEC to advise the publicly-owned companies from using misleading claims mentioned the following registrants and its respective campaign clichés:
1. 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."
2. 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.
3. The General Electric Company issued a "Call for Action" to "slow, stop and even reverse the damage of greenhouse gasses."
4. 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."
5. 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..."
6. Caterpillar said in a public statement that, "We must take action now [to reduce carbon dioxide emissions] or risk serious harm to our planet."
The said mutual fund cited as its reference the global warming debate being sponsored by Forum of Physics and Society, American Physical Society –representing over 50,000 physicists- which strengthened their claim of the fallacy of man-made climate change. It is worthwhile to be informed of the implication of this petition in the near future considering the involvement the giant companies.
I was made to understand that these companies have succumbed to the threat of anti-business movement operating under the guise of adherence to "Corporate Social Responsibility" (CSR) and "Socially Responsible Investing" (SRI). These social activists strive within the corporate management and steered the businesses toward the direction of “the new politics of capital.” They managed to embed and engaged as socially-embraced-group with the environmental and green movement and influence the United Nations in the purview of its advocacy to the ‘new world order.’
I subscribe to the system of free enterprise and hate to buy the cheap chains of poverty and slavery.