Select Page

DK Analytics, Post #12: Will Big Oil become Big Tobacco?

DISCLAIMER: This commentary is not intended as investment advice or an investment recommendation. Past performance is not a guarantee of future results. Price and yield are subject to daily change and as of the specified date. Information provided is solely the opinion of the author at the time of writing.  Nothing in the commentary should be construed as a solicitation to buy or sell securities. Information provided has been prepared from sources deemed to be reliable, but is not a complete summary or statement of all available data necessary for making an investment decision.  Liquid securities can fall in value.

 


Noteworthy follow-up news/discussions/cases-in-point


 http://www.washingtontimes.com/news/2016/jun/2/calif-bill-prosecutes-climate-change-skeptics/ Excerpts: “A landmark bill allowing for the prosecution of climate change dissent effectively died Thursday after the California Senate failed to take it up before the deadline. Senate Bill 1161, or the California Climate Science Truth and Accountability Act of 2016, would have authorized prosecutors to sue fossil fuel companies, think tanks and others that have “deceived or misled the public on the risks of climate change.” The measure, which cleared two Senate committees, provided a four-year window in the statute of limitations on violations of the state’s Unfair Competition Law, allowing legal action to be brought until Jan. 1 on charges of climate change “fraud” extending back indefinitely.”

http://www.reuters.com/investigates/special-report/usa-buybacks-cannibalized/ Excerpts: Led by agenda-setting New York State and radical left-winger Al Gore the progressive persecution of climate change skeptics by the states is underway. Top law enforcement officers in several states are joining with the Chicken Littles of green activism to weaponize the scientifically dubious argument that human activity is not only changing the earth’s climate but that unprecedented world catastrophe awaits unless draconian, economy-killing carbon emission controls are imposed more or less immediately. The litigation offensive has nothing to do with justice. It is aimed at forcing those few remaining holdouts in the business community who stubbornly cling to science to confess their thought crimes and submit to the know-nothing Left’s climate superstitions. It is part of modern-day environmentalism’s ongoing assault on knowledge, human progress, markets, and the rule of law. Repent and embrace the true green faith or else you’ll be investigated and denounced as a climate criminal, is the message of “Inspector Gotcha,” New York Attorney General Eric T. Schneiderman.

admin

Leave a Reply

Your email address will not be published. Required fields are marked *