I guess if that’s how we’re going to see things. But it would be better to state at the outset that every instance of disbelieving, climate change skepticism rises from the deliberate misinformation campaign devised by fossil fuel extraction companies when their own research began to tell them that the delicious smell from the kitchen was their own bacon frying:
New York State Attorney General Eric Schneiderman released the results of an investigation that found one of the world’s largest coal companies had misled the public and its shareholders about the risks climate change could pose to its bottom line.
After several years of investigations, Schneiderman reached an agreement with Peabody Energy that won’t require the company to admit it broke the law and does not entail a fine or other penalty. Instead, Peabody must file revised shareholder disclosures to the Securities and Exchange Commission with new language acknowledging that “concerns about the environmental impacts of coal combustion…could significantly affect demand for our products or our securities.”
The agreement comes just days after Schneiderman issued a subpoena to ExxonMobil, kicking off an investigation into whether the oil giant has misled investors and the public about the basic science of climate change for decades. Exxon has denied any wrongdoing. While the two investigations have some similarities, Exxon could face tougher penalties than Peabody, said Andrew Logan, director of oil and gas programs at Ceres, an investor advocacy group. The allegations against Exxon stretch back much further in time and could potentially be more serious, so the attorney general could pursue more aggressive action against the company, Logan said.
The Exxon practice is the actual real story here, one that goes back to the late seventies. The companies were no fools; they invested their own money in real research because they wanted to know the truth. They just decided that it was more important that you didn’t know. And that you questioned any attempts by the government to reign in your freedom. They even gave you a few things you could say.
Framing the practice of climate deception as ‘no duty’ to be truthful with investors may make it seem like a victimless crime, we’re all adults here and all’s fair in love n’ bidness, but c’mon.