Misinformation at Forbes Magazine by Larry Bell
Letter I sent to Forbes magazine in reply to: http://www.forbes.com/2010/12/23/media-climate-change-warming-opinions-contributors-larry-bell_print.html
Dear Mr. Bell,
It is surprising that a magazine that purports to inform business readers would allow you to misinform on such an important financial issue such as manmade climate change. Most of what you wrote is either flat-out wrong or highly misleading. For example, despite your claims, more than 90% of the world’s glaciers are melting, sea levels globally are still rising, and the 2010 Atlantic hurricane season was extremely active with 19 named storms, 12 hurricanes, and 5 major hurricanes blowing away 2009 which had only 9 named storms. The 2010 numbers are double normal values.
Scientists, military and intelligence experts, and health experts all agree there is overwhelming evidence that humans are causing major climate disruption mostly caused by increasing heat-trapping gases such as carbon dioxide. It is precisely for this reason that the insurance companies are planning for the coming problems that climate disruption brings while also trying to educate their clients about the advantages of a shift to a low-carbon economy so that they may seize the economic opportunities of clean energy. I suggest you read the following statement by 268 investors – both asset owners and asset managers – that collectively represent assets of over US $15 trillion.
These large financial companies certainly disagree with your opinion but they do agree on the facts.