The Free Enterprise Action Fund announced Tuesday that it plans to push for further debate on global warming on fears that new “global warming regulations could devastate economic growth and jeopardize the earnings of companies in the fund’s diversified portfolio without having any discernible impact on global temperatures.”

The fund’s management said that some companies are “fueling global warming hysteria by supporting activist environmental organizations and lobbying for government regulations.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.