Governments also need to provide a stable investment climate…They should avoid the temptation to intervene in energy markets in ways that give advantage to one competitor over another or one fuel over another. 1 2 3 We also have to keep in mind that most of the greenhouse effects comes from natural sources.…Leaping to radically cut this tiny sliver of the greenhouse pie on the premise that it will affect climate defies common sense and lacks foundation in our current understanding of the climate system. 4 5 8 Let’s agree there’s a lot we really don’t know about how climate will change in the 21st century and beyond.…It is highly unlikely that the temperature in the middle of the next century will be significantly affected whether policies are enacted now or 20 years from now. It’s bad public policy to impose very costly regulations and restrictions when their need has yet to be proven.106 9 127. 6 7 Imperial Oil (Exxon) CEO Robert Peterson falsely denied the established 10 connection between Defendants’ fossil fuel products and anthropogenic climate change in the 11 Summer 1998 Imperial Oil Review, “A Cleaner Canada”: 12 [T]his issue [referring to climate change] has absolutely nothing to do with pollution and air quality. Carbon dioxide is not a pollutant but an essential ingredient of life on this planet…. [T]he question of whether or not the trapping of ‘greenhouse’ gases will result in the planet’s getting warmer…has no connection whatsoever with our day-to-day weather. 13 14 15 There is absolutely no agreement among climatologists on whether or not the planet is getting warmer, or, if it is, on whether the warming is the result of man-made factors or natural variations in the climate….I feel very safe in saying that the view that burning fossil fuels will result in global climate change remains an unproved hypothesis.107 16 17 18 128. 19 Mobil (Exxon) paid for a series of “advertorials,” advertisements located in the 20 editorial section of the New York Times and meant to look like editorials rather than paid ads. 21 These ads discussed various aspects of the public discussion of climate change and sought to 22 undermine the justifications for tackling greenhouse gas emissions, referring to it as unsettled 23 24 25 26 Lee R. Raymond, Energy – Key to growth and a better environment for Asia-Pacific nations, World Petroleum Congress (Oct. 13, 1997), https://assets.documentcloud.org/documents/2840902/1997-Lee-Raymond-Speech-atChina-World-Petroleum.pdf. 107 Robert Peterson, A Cleaner Canada in Imperial Oil Review (1998), http://www.documentcloud.org/ documents/2827818-1998-Imperial-Oil-Robert-Peterson-A-Cleaner-Canada.html. 106 27 28 SHER EDLING LLP COMPLAINT 57