A shareholder group is calling on
General Electric Co. to stop advocating global warming regulation.
Action Fund Management LLC, an investment advisor to the Free
Enterprise Action Fund, has filed a shareholder resolution asking GE to
justify its support to curb greenhouse gas emissions. The resolution
demands that the company provide shareholders scientific and economic
evidence relevant to company´s position.
The group said it believes human activity is not measurably changing
the global climate and that GE´s support of greenhouse gas regulation
may harm the company´s shareholders.
GE had asked the U.S. Securities and Exchange Commission to allow the
company to exclude the resolution, but the commission denied that
request last month.