How are you being scamed? For those that can't see the cost of this joke, see the following.
SEC Should Require Companies to Disclose Risk of Global Warming Regulation, Study Says; Companies Risk Earnings While Keeping Shareholders in the Dark, Reports Free Enterprise Education Institute



WASHINGTON, Oct. 1 /PRNewswire-USNewswire/ -- The Securities and
Exchange Commission (SEC) should take immediate steps to require
publicly-owned corporations to reveal the potential harm caused by global
warming regulations on earnings and shareholder value, concluded a study
released today by the Free Enterprise Education Institute (FEEI).
The report, "Failure to Disclose: Businesses Lobbying for Global
Warming Regulation Keep Shareholders in the Dark," finds that many
corporations supporting greenhouse gas regulations have failed to warn
shareholders about the harmful consequences these regulations pose to
future earnings.
Surprisingly, only five of the twenty-one members of the U.S. Climate
Action Partnership (USCAP), a lobbying group supporting global warming
regulation and cap-and-trade schemes, have disclosed in their annual SEC
filings that limits on greenhouse gas emissions pose a business risk.
Efforts to limit greenhouse gases at the state and local level already
unequivocally demonstrate these regulations are a legitimate business risk
to USCAP members:
-- General Electric is fighting federal and state legislative efforts to
ban the incandescent light bulbs -- a GE product and invention of
Thomas Edison, the company's founder. Government officials want to
require consumers to purchase only the more energy efficient compact
fluorescent light bulbs (CFLs). Shareholders are also threatened by
efforts to ban coal-fired power plants. GE supplies steam turbines for
these power plants.

-- PepsiCo is facing bans on bottled water. Critics complain the
production and transportation of bottled water wastes energy and
contributes to greenhouse gas emissions. San Francisco city agencies no
longer purchase bottled water because of global warming concerns.
"USCAP members must inform shareholders about legitimate risks to their
business," said Steve Milloy of FEEI. "Failure to disclose exposes these
companies to shareholder lawsuits -- especially since greenhouse gas
regulations are materially impacting these companies," added Milloy.
The study finds USCAP membership is controversial and it has created
conflict between businesses and their customers.
Caterpillar Inc., for example, is dealing with a boycott from a coal
industry customer because of company participation in USCAP. A government
study reported that cap-and-trade regulations would cause a 40 percent
reduction in coal production. According to the Caterpillar CEO, the
decision to join USCAP was not based on an economic assessment of the costs
and benefits of the regulations to the company.
"Shareholders have a right to know that Caterpillar may face a backlash
from other coal companies and energy intensive companies, like the steel
industry, whose businesses will be ruined by cap-and-trade regulations,"
said Tom Borelli of FEEI. "If the boycott picks up momentum, Caterpillar
could easily be facing shareholder lawsuits. Making matters worse, the CEO
did not exercise basic due-diligence in deciding to support regulations --
negligence is a powerful argument for trial lawyers," added Borelli.
The study also finds that non-USCAP members should disclose the impact
of global warming regulations to its shareholders. Wal-Mart, for example,
is the largest private user of electricity and its trucks travel an
estimated 1 billion miles every year.
"High-energy prices -- a direct consequence of global warming
regulations -- would dramatically increase Wal-Mart's operating costs and
hurt consumer spending," said Borelli. "Shareholders should be alerted to
the fact that global warming regulations will potentially devastate
Wal-Mart's future earnings," Borelli added.

Now it is nice and all, how some claim to worry about all of us and our future. But don't act like this will not hurt anybody and there is no scam involved. This "global warming" simply an excuse for grabbing money and power.

No oil company makes as much money off a gallon of gas as our own government. Where do the so called "scientists" get the money? Government grants, but those who disagree are banished as working for oil companies. Who makes out when we have a boogey man to blame new taxes and regulations on?

Right, no one will get hurt by our efforts to "save the planet". Don't worry though, once global warming goes out of style, there will be a new boogey man.