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Working With Global Warming Regulations

The Free Enterprise Action Fund believes global warming regulations hurt company earnings and shareholder value.

The fund publicly stated that the Securities and Exchange Commission (SEC) should take immediate steps to require publicly-owned corporations to reveal the harm such regulations could cause.

It claims that five of the 21 members of the U.S. Climate Action Partnership, a lobbying group supporting global warming regulation and cap-and-trade schemes, disclosed evidence that limits on greenhouse gas emissions pose a business risk.

According to the fund, General Electric is fighting federal and state legislative efforts to ban incandescent light bulbs. And PepsiCo is facing bans on bottled water after legislation, such as that passed in San Francisco, which prohibits city agencies from purchasing bottled water.

Instead of fighting against global warming regulation, the fund should be fighting for ways to work with global warming regulation.

Investment groups, state finance officials from 10 states and environmental groups with a more realistic outlook recently petitioned the SEC to require companies to assess and disclose how climate change would cause financial risks to businesses. These risks include increased energy costs and financial losses from extreme weather conditions – such as floods, hurricanes, drought and fires.

We can't profit off a dead planet, so companies should be creating ways to market their green actions for profit and the environment instead of rebelling against them.

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