JunkScience.com Declares Victory! GE's Immelt Surrenders on Climate

WASHINGTON, May 5, 2011 /PRNewswire-USNewswire/ -- General Electric CEO Jeff Immelt has finally renounced advocacy of global warming legislation. At an event at the Massachusetts Institute of Technology on Tuesday, Immelt said:

"If I had one thing to do over again I would not have talked so much about green... Even though I believe in global warming and I believe in the science ... it just took on a connotation that was too elitist; it was too precious and it let opponents think that if you had a green initiative, you didn't care about jobs. I'm a businessman. That's all I care about, is jobs... I'm kind of over the stage of arguing for a comprehensive energy policy. I'm back to keeping my head down and working." (link here: http://tinyurl.com/3qrlm8f)

JunkScience.com's Steve Milloy launched the campaign against Immelt's lobbying for global warming legislation in 2005, including:

• Drafting the first shareholder resolution attacking a CEO for global warming lobbying;
• Defeating GE's efforts to block the shareholder resolution for three years;
• Continually spotlighting Immelt's lobbying at shareholder meetings and in the media;

Although Immelt retaliated against Milloy in March 2008 by banning him from appearing on GE-owned CNBC, Milloy's point of view prevailed in the end.

Steve Milloy is the publisher of JunkScience.com and author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.

SOURCE JunkScience.com

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