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Westport Innovations Inc. Message Board

  • wayne_lamontagne wayne_lamontagne Aug 29, 2013 1:29 PM Flag

    Climate Change Deniers & Hedge Funds

    Most of the climate deniers are coming from well funded groups with interests in the coal and oil industry. The main opposition in Congress is coming predominately from republicans, who mainly support the agendas of the fossil fuel lobbyists and desire to impede progress on climate action. Part of this mentality is the ongoing stagnation of effective legislation in congress because the republicans are opposing most of the agendas of President Obama and the democrats I have no party affiliation, but this is fact. A recent fossil fuel lobbyist , who wants to remain anonymous, has changed his stance and believes that climate change is putting the planet in peril. He has informed me that he believes that some of the well financed deniers are giving monies to some hedge funds to short targeted alternative energy stocks. The obvious objective of these billionaire deniers is to slow down the adoption of alternatives. The climate deniers are using some of the same tactics that the tobacco industry used to put a cloud over the evidence. I believe their actions are criminal. Climate change is real and the planet is in peril. WPRT offers effective technology that is part of the solution to global warming. The most proactive action one can take as an individual investor is to convert your margin(default) account into a cash account. By SEC law, the brokerage can not lend your shares to short sellers from a cash account. A cash account requires you to already have the funds available prior to purchasing securities.

    Sentiment: Strong Buy

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